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When Cooperative Banks Are Dealing with One Cooperative Fintech Firm: What Can We Learn from the Sociology of Markets?

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  • Cynthia Srnec

    (THEMA - Théorie économique, modélisation et applications - CNRS - Centre National de la Recherche Scientifique - CY - CY Cergy Paris Université, CSO - Centre de sociologie des organisations (Sciences Po, CNRS) - Sciences Po - Sciences Po - CNRS - Centre National de la Recherche Scientifique)

  • Philippe Eynaud

    (IAE Paris - Sorbonne Business School)

Abstract

A French example of cooperation between a cooperative bank and a cooperative fintech firm, that has developed a digital platform to support intercompany barter transactions, gives us the opportunity to study what is at stake in the relationship between actors sharing both the will for innovation and the cooperative status. The analysis of this case study leads us to describe the cooperative game and to understand how cooperatives can effectively cooperate. According to the sociology of market scholars, we question the idea that economics could sufficiently make sense of what happens in markets and we explore the complexity and barriers of the cooperation between cooperatives in the field of finance when the sector is disrupted by new technologies.

Suggested Citation

  • Cynthia Srnec & Philippe Eynaud, 2022. "When Cooperative Banks Are Dealing with One Cooperative Fintech Firm: What Can We Learn from the Sociology of Markets?," Post-Print hal-05798282, HAL.
    • Handle: RePEc:hal:journl:hal-05798282
    DOI: 10.1007/978-3-030-98194-5_6
    Note: View the original document on HAL open archive server: https://hal.science/hal-05798282v1
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