Abstract:The legal purpose of credit co-operatives in Germany and Austria is to promote their members economically. However,legal restrictions prevent them from discriminating between members and non-members. Thus, they have difficulty generating economic benefits for their members. There are signs that they are gradually developing from being purely member-focused to somewhat third party-focused co-operatives striving for the common good. The question arises whetherthis hybridization is in the interest of their member… Show more
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