A Commons Strategy for Promoting Entrepreneurship and Social Capital: Implications for Community Currencies, Cryptocurrencies, and Value Exchange
| Autor: | Ana Cristina O. Siqueira, Sandra Regina Holanda Mariano, Joysi Moraes, Benson Honig |
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| Rok vydání: | 2020 |
| Předmět: |
Economics and Econometrics
Cryptocurrency Entrepreneurship Microfinance Public economics 05 social sciences 06 humanities and the arts 0603 philosophy ethics and religion General Business Management and Accounting law.invention Electronic money Arts and Humanities (miscellaneous) law 0502 economics and business 060301 applied ethics Business Business and International Management Business ethics Commons Medium of exchange Law 050203 business & management Social capital |
| Zdroj: | Journal of Business Ethics. 166:711-726 |
| ISSN: | 1573-0697 0167-4544 |
| Popis: | Examining how new forms of currencies diffuse is important to uncover their impact on the organization of communities, and thus motivates our study of community currencies. Community currencies provide a medium of exchange by using alternative banknotes or electronic money, which circulates only within particular communities, allowing members to trade goods, increase social cohesion, and achieve collective goals. In this study, we examine how community currencies help facilitate social commons by serving as a setting for building community relationships and a catalyst for other social activities beyond market relations. We analyze cases of community banks that provide microfinance and issue community currencies in Brazil. We find that microfinance entrepreneurs who involve a greater diversity of stakeholders from public, private, and nonprofit sectors in decision making even prior to startup, while also facilitating the formation of supportive social capital from diverse cross-sector stakeholders, increase opportunities for developing new community currencies. By exploring the implications of entrepreneurial actions that promote inclusive participation of diverse stakeholders for accomplishing collective goals, our findings are relevant for other activities that create a common pool of resources while also developing the vitality of the community, including initiatives that use cryptocurrencies and other emerging forms of currencies for building social commons. |
| Databáze: | OpenAIRE |
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