Dini, Paolo, Motta, Wallis and Sartori, Laura (2016) Self-funded social impact investment: an interdisciplinary analysis of the Sardex mutual credit system. In: ISIRC: 8th International Social Innovation Research Conference, 2016-09-05 - 2016-09-07, Glasgow, United Kingdom.
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Abstract
Sardex is an electronic B2B mutual credit system that has been operating on the island of Sardinia since 2009 as a complementary currency. In contrast to other funding mechanisms, it allows private funding driving social and environmental impact to be endogenously generated within a given geographically limited socio-economic context, rather than injected from exogenous sources. By drawing on different strands of monetary theory, sociology and anthropology, we argue that mutual credit is central to a form of social finance and social impact investment that we identify with sustainable development, i.e. stable and constructive integration of market activity with democratic institutions and socio-cultural values and structures. The empirical basis of the paper consists of approximately thirty semi-structured in-depth interviews of Sardex circuit members and founders over 4 years. We conclude that Sardex as a collective social enterprise is best understood through an interdisciplinary perspective that demonstrates its sustainability through the different levels of its workings and its strengths as a hybrid multilayered system.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Official URL: | http://www.isircconference2016.com/ |
| Additional Information: | © 2016 The Authors |
| Divisions: | Media and Communications |
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HG Finance |
| Date Deposited: | 08 Sep 2016 08:59 |
| Last Modified: | 15 Sep 2023 08:34 |
| URI: | http://eprints.lse.ac.uk/id/eprint/67622 |
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