Finance Reconsidered: New Perspectives for a Responsible and Sustainable FinanceBernard Paranque, Roland Pérez As a response to ongoing economic, social and environmental crises, many private actors have enlarged their definition of 'value' to include environmental and social elements. Such practices, however, appear incompatible with the current epistemological structure of academic financial discourse. This paradox challenges us to reconsider the foundations of modern finance, particularly the dominant role of shareholders. The volume argues there is a need to turn the established order upside down. Studies in economics and finance have to be embedded in environmental and social welfare to answer the challenges we face, and there is a need for a radical break with the methodological individualism that dominates economics, management and (especially) finance. It is our responsibility to question social welfare when it is defined only as maximising shareholder value. Should we instead promote a substitute to the shareholder? How should we (re)define the concept of value? This volume serves as a stepping stone for rethinking academic finance, and attempts to carve out innovative paths for financial research in the 21st century. |
Contents
| 15 | |
Socially Responsible Investment MicroCredit and Alternative Management | 143 |
Finance Ethics and Society | 297 |
Conclusion | 385 |
About the Authors | 409 |
Other editions - View all
Finance Reconsidered: New Perspectives for a Responsible and Sustainable Finance Bernard Paranque,Roland Pérez No preview available - 2016 |
Common terms and phrases
academic finance activity Africa analysis approach assets banks brand communities capital capitalist challenge collective action common pool resources companies concept consumers cooperative coordination corporate Cova create crisis criteria critical management studies de´veloppement debate defined e´conomique economic employees enterprise ESG integration ethical investing ethics example exchange value Finance Reconsidered financial markets financial performance framework global human impact individual institutions International investors Islamic finance Islamic investment issue John Lewis John Lewis Partnership Journal Kabyle l’e´conomie labour loans Marx maximisation microcredit microfinance modern finance moral non-financial operations organisation Ostrom paradigm Paranque Paris Partners Partnership Pe´rez perspective portfolios practices principles production profit proprie´te question relations relationship Retrieved risk sciences scientific sector Servet share sharia social business socially responsible investment society solidarity solidarity economy stakeholders sub-Saharan Africa subprime subprime mortgages sustainability Testart theory tion University valeur
Bibliographic information
| Title | Finance Reconsidered: New Perspectives for a Responsible and Sustainable Finance Critical Studies on Corporate Responsibility, Governance and Sustainability |
| Editors | Bernard Paranque, Roland Pérez |
| Contributor | William Sun |
| Publisher | Emerald Group Publishing, 2016 |
| ISBN | 1785609793, 9781785609794 |
| Length | 440 pages |
| Subjects | › Business & Economics / Business Ethics |
| Export Citation | BiBTeX EndNote RefMan |