13 found
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  1.  10
    Money and the Commons: An Investigation of Complementary Currencies and Their Ethical Implications.Camille Meyer & Marek Hudon - 2019 - Journal of Business Ethics 160 (1):277-292.
    The commons is a concept increasingly used with the promise of creating new collective wealth. In the aftermath of the economic and financial crises, finance and money have been criticized and redesigned to serve the collective interest. In this article, we analyze three types of complementary currency systems: community currencies, inter-enterprise currencies, and cryptocurrencies. We investigate whether these systems can be considered as commons. To address this question, we use two main theoretical frameworks that are usually separate: the “new commons” (...)
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  2.  73
    The Ethical Crisis in Microfinance: Issues, Findings, and Implications.Marek Hudon & Joakim Sandberg - 2013 - Business Ethics Quarterly 23 (4):561-589.
    Microfinance is often assumed to be an ethically progressive industry, but in recent years it has been the target of much ethical criticism. Microfinance institutions have been accused of using exploitative lending techniques and charging usurious interest rates; and critics even question the ability of microfinance to alleviate poverty. This article reviews recent research on the microfinance sector that addresses these ethical issues. We show how this research is relevant to a number of theoretical issues, such as how to define (...)
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  3.  86
    Should Access to Credit Be a Right?Marek Hudon - 2009 - Journal of Business Ethics 84 (1):17-28.
    Discussion on financial ethics increasingly includes the problem of exclusion of the poorer segments of society from the financial system and access to credit. This paper explores the ethical dimensions surrounding the concept of a human right to credit. If access to credit is directly instrumental to economic development, poverty reduction and the improved welfare of all citizens, then one can proclaim, as Nobel Prize Laureate M. Yunus has done, that it is a moral necessity to establish credit as a (...)
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  4.  17
    Systemic Ethics and Inclusive Governance: Two Key Prerequisites for Sustainability Transitions of Agri-Food Systems.Sibylle Bui, Ionara Costa, Olivier De Schutter, Tom Dedeurwaerdere, Marek Hudon & Marlene Feyereisen - 2019 - Agriculture and Human Values 36 (2):277-288.
    Food retailers are powerful actors of the agro-industrial food system. They exert strong lock-in effects that hinder transitions towards more sustainable agri-food systems. Indeed, their marketing practices generally result in excluding the most sustainable food products, such as local, low-input, small-scale farmers’ products. Recently in Belgium, several initiatives have been created to enable the introduction of local products on supermarket shelves. In this article, we study three of those initiatives to analyse if the development of local sourcing in supermarkets opens (...)
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  5.  42
    Fairness and Microcredit Interest Rates: From Rawlsian Principles of Justice to the Distribution of the Bargaining Range.Marek Hudon & Arvind Ashta - 2013 - Business Ethics, the Environment and Responsibility 22 (3):277-291.
    This paper addresses the fairness of microcredit interest rates. Since microfinance institutions provide credit for the poor at relatively high prices, the fairness of their interest rates has been repeatedly debated. We first apply Rawls' principles of justice to the case of microcredit interest rates and suggest some limitations related to the hypothesis of rationality of the borrowers and the level of inequality. We then suggest another framework based on the analysis of the distribution of the benefits generated by the (...)
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  6.  81
    Green Microfinance: Characteristics of Microfinance Institutions Involved in Environmental Management.Marion Allet & Marek Hudon - 2015 - Journal of Business Ethics 126 (3):395-414.
    In recent years, development practice has seen that microfinance institutions are starting to consider their environmental bottom line in addition to their financial and social objectives. Yet, little is known about the characteristics of institutions involved in environmental management. This paper empirically identifies the characteristics of these MFIs for the first time using a sample of 160 microfinance institutions worldwide. Basing our analysis on various econometric tests, we find that larger MFIs and MFIs registered as banks tend to perform better (...)
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  7.  18
    What is a Fair Level of Profit for Social Enterprise? Insights from Microfinance.Marek Hudon, Marc Labie & Patrick Reichert - 2020 - Journal of Business Ethics 162 (3):627-644.
    Although microfinance organizations are generally considered as inherently ethical, recent events have challenged the legitimacy of the sector. High interest rates and the excessive profitability of some market leaders have raised the question of how to define a fair profit level for social enterprise. In this article, we construct a fair profit framework based on four dimensions: profitability, social mission, pricing, and surplus distribution. We then apply this framework using an empirical sample of 496 microfinance institutions. Results indicate that satisfying (...)
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  8.  21
    A Study of Codes of Ethics for Mexican Microfinance Institutions.Lauren Kleynjans & Marek Hudon - 2016 - Journal of Business Ethics 134 (3):397-412.
    Most scholarly interest in codes of ethics or conduct has focused on traditional companies. Little is known about the codes of social enterprises or hybrid organizations such as microfinance institutions. Our paper provides a comparative case study of the codes of a Mexican microfinance network and seven MFIs. Using the corporate integrity model, we analyze the content of MFIs’ codes compared to those of traditional organizations. We then examine to what extent some specific features of MFIs such as their mission, (...)
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  9.  5
    Fairness and Microcredit Interest Rates: From Rawlsian Principles of Justice to the Distribution of the Bargaining Range.Marek Hudon & Arvind Ashta - 2013 - Business Ethics: A European Review 22 (3):277-291.
  10.  26
    Green Microfinance in Europe.Davide Forcella & Marek Hudon - 2016 - Journal of Business Ethics 135 (3):445-459.
    Microfinance institutions are alternative financial providers offering financial services to people typically excluded from the standard banking sector. While most MFIs are active in developing countries, there is also a young and developing microfinance sector in Europe; however, very little literature exists on this MFI segment. In this paper, we analyze the environmental performance of 58 European MFIs. Our results suggest that the size of the MFI, investor concern for environmental performance and, to a lesser extent, donor interest, are closely (...)
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  11.  2
    Business or Basic Needs? The Impact of Loan Purpose on Social Crowdfunding Platforms.Hadar Gafni, Marek Hudon & Anaïs Périlleux - 2020 - Journal of Business Ethics 173 (4):777-793.
    Crowdfunding has created new opportunities for poor microentrepreneurs. One crucial question is the impact that the purpose of a loan—either business investment or basic necessities—may have on the success of a campaign. Investigating a prosocial crowdfunding platform, we find that loans taken out to meet basic needs are funded faster than business-related loans, especially for small amounts, which can be explained by the prosocial motivation of microlenders. Moreover, female microborrowers are funded faster than men, especially for basic needs loans. Our (...)
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  12.  12
    Mapping Concepts and Issues in the Ethics of the Commons: Introduction to the Special Issue.Ana María Peredo, Helen M. Haugh, Marek Hudon & Camille Meyer - 2020 - Journal of Business Ethics 166 (4):659-672.
    We introduce the papers in this special issue by providing an overarching perspective on the variety in kinds of commons and the ethical issues stemming from their diversity. Despite a long history of local commons management, recent decades have witnessed a surge of scholarly interest in the concept of “the commons,” including a growing management literature. This swell was impelled especially by Garrett Hardin’s paper of 1968, and the body of work generated by Elinor Ostrom and her colleagues. However, the (...)
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  13.  2
    The Influence of Interorganizational Collaboration on Logic Conciliation and Tensions Within Hybrid Organizations: Insights from Social Enterprise–Corporate Collaborations.Claudia Savarese, Benjamin Huybrechts & Marek Hudon - 2021 - Journal of Business Ethics 173 (4):709-721.
    An increasing amount of research has examined the management of competing logics, and possible tensions arising between them, within “hybrid organizations.” However, the ways in which the relationships of hybrids with other organizations shape the conciliation of these logics and tensions have received limited attention so far. In this theoretical paper, we examine how hybrid organizations deal with interorganizational collaboration, in particular whether and how their hybridity can be maintained when they partner with “dominant-logic organizations.” Drawing on empirical literature on (...)
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