Latest News

July 2, 2021

A few new papers since one year

Three papers on tensions in social enterprises, in the agro-ecological transition, when they collaborate with corporates and when they aim at social inclusion in the case of alternative food networks.

Two papers related to sustainable finance, on the comparative performance of impact investing and on the impact of loan purpose on social crowdfunding platforms.

Finally, a special issue on the Commons, co-authored with H. Haugh, C. Meyer and A-P Peredo, with an introduction where we map the concepts and the ethical issues.

April 6, 2020

New appointment as Co-Editor of Annals of Public & Cooperative Economics

July 29, 2019

New book on financial inclusion and microfinance co-edited with Marc Labie & Ariane Szafarz

September 5, 2018

A research review on the drivers of the performance of microfinance institutions (with N. Hermes) just accepted in Journal of Economic Surveys

Paper on what is a fair level of profit for a social enterprise' (with M. Labie & P. Reichert) just accepted in Journal of Business Ethics

May 28, 2018

One new paper on complementary currencies and the commons just accepted in Journal of Business Ethics and a book review published in Business Ethics Quarterly

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His courses

  • Business Ethics (ULB - UNamur)
  • Managing Social Enterprises (ULB)
  • Social Innovation (ULB)
  • Ethics in Microfinance (ULB)
  • Social Finance/Social Banking (Solvay Vietnam)
  • Finance (Solvay Vietnam)

More information


Marek Hudon is Professor at the Solvay Brussels School of Economics and Management (SBS-EM), Université Libre de Bruxelles (ULB), Belgium. He is also Co-Director of the Centre for European Research in Microfinance (CERMi), and Director of the Centre d'Etudes Economiques et Sociales de l'Environnement (CEESE). He has initiated and is still Scientific Coordinator of the European Microfinance Programme (EMP). He has conducted research in India, Kenya, Mali, Morocco, Vietnam and the Democratic Republic of Congo.


His research mainly focuses on Social and nonprofit entreprises/entrepreneurship (Microfinance and Complementary currencies, particularly in the context of developing economies), sustainable development and business ethics.

Latest publications

Plateau, P., Roudart, L., Hudon, M. and K. Maréchal (Forthcoming), Opening the organisational black box to grasp the difficulties of agroecological transition. An empirical analysis of tensions in agroecological production cooperatives, Ecological Economics.


Bernal, O., Hudon, M. and F-X Ledru (Forthcoming), Are impact and financial returns mutually exclusive? Evidence from publicly-listed impact investments, The Quarterly Review of Economics and Finance.


Savarese, C., Huybrechts, B., & Hudon, M. (Forthcoming), The influence of interorganizational collaboration on logic conciliation and tensions within hybrid organizations: insights from social enterprise-corporate collaborations,Journal of Business Ethics.


Gafni, H., Hudon, M., & Périlleux, A. (Forthcoming), Business or basic needs? The impact of loan purpose on social crowdfunding platforms, Journal of Business Ethics.


2020 Peredo, A.-M., Haugh, H., Hudon, M., Meyer, C., Mapping the Concepts and Issues of the Ethics of the Commons: Introduction to the Special Issue, Journal of Business Ethics, 166(4), 659-672.


2020 Fourat, E. Holzemer, L., Closson, C. Hudon, M., Social inclusion in an alternative food network: values, practices and tensions, Journal of Rural Studies.