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Valeurs coopératives des banques et RSE : un changement de paradigme durable ?

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  • Charles Daussy
  • Catherine Karyotis

Abstract

In the light of the financial crisis, we question the cooperative values to review the business model and the role of banks. To answer in the affirmative, it is necessary to question Corporate Social Responsibility (CSR): is CSR able to bring about a reconciliation between Friedman's ?shareholder value? and Freeman's ?stakeholder value?? To answer this question, we join the current of thought of the neo-institutional theory to mobilize DiMaggio & Powell's three types of isomorphism - coercive, mimetic and normative; then we question the banking model through the institutionalization of CSR in cooperative banks. We then study the case of the Banques Populaires as they build their strategy upon social responsibility in cooperative firms, which can be understood as a performative discourse. The rapprochement - or the desire of rapprochement - of CSR with the cooperative identity allows "to operationalize [their] cooperative and CSR commitments in [their] internal practices". We conclude on the need to be more proactive in permanently normalizing responsible practices in banks and to be eventually able to talk of normative CSR. Classification JEL : G21, G32, M14, P13.

Suggested Citation

  • Charles Daussy & Catherine Karyotis, 2019. "Valeurs coopératives des banques et RSE : un changement de paradigme durable ?," Revue d'économie financière, Association d'économie financière, vol. 0(2), pages 193-204.
  • Handle: RePEc:cai:refaef:ecofi_134_0193
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    More about this item

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • P13 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Cooperative Enterprises

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