Some Determinants of the Inclusive Resilience of Solidarity Finance in Europe
Omer KOUAKOU

Abstract
This paper analyzes the alternative and complementary role of solidarity finance compared to classic finance. Particularly, we study, via the concept of inclusive resilience, the ability of solidarity finance to include individuals, projects and areas excluded from classic finance. From european data about the solidarity finance institutions (SFI), we construct an indicator that measures the inclusive resilience of SFIs via a scoring method. Then, we show, through an econometric analysis, that factors as territorial anchorage of SFIs, participatory governance within SFIs, governmental subsidies and an indicator of financial capacity, reinforce the inclusive resilience of SFIs.

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