Finance and Economy for Society : Integrating Sustainability.

Front Cover -- Finance and Economy for Society: Integrating Sustainability -- Copyright Page -- Contents -- List of Tables -- List of Figures -- List of Boxes -- List of Contributors -- Editorial Advisory and Review Board -- Acknowledgments -- Part I: Introduction -- Society at the Crossroads: The Path to a Sustainable Economy -- Unpacking the Financial Crisis: Coping with the Commons -- Management Theory and Practice: Coping with Epistemolegical Quandaries -- The Need for an Expanded Notion of Ethics and Corporate Social Responsibility -- Themes of the Volume -- Conclusion -- References -- Part II: Unpacking the Financial Crisis: Challenges and Perspectives -- Corporate Governance and Inequality: The Impact of Financialization and Shareholder Value -- Introduction -- Financialization -- Corporate Governance and Compounding Inequality -- Maximizing Shareholder Value -- Executive Pay -- Conclusion -- References -- The Global Financial Crisis and Neo-Liberal Financialization -- Introduction -- It's All about Credit -- Neo-Liberal Financialization -- The Inverted Relationship between Politics and Economics -- Conclusion -- Notes -- References -- The Contradiction between the Time Value of Money and Sustainability -- Introduction -- Sustainability and Intergenerational Equity -- Capital Budgeting and Sustainability -- Financial Markets and Sustainability -- Financial Theory and Sustainability -- Money and Interest as Social Constructs -- Theoretical Insights: Urzin and Freigeld -- Gesell in the History of Economic Thought -- Gesell's Theory of Money -- Gesell's Theory of Interest -- The Concept of Freigeld -- Conclusion -- Notes -- References -- Finance and Mathematics: Merger or Acquisitions? -- A Joint History -- The Early Days of Counting and Ac-Counting -- The First Quantitative Revolution (1200-1500).

The Birth of Risk, Statistics and Economics (1600-1800) -- The Formalization of Financial Economics and Quantitative Finance -- Embedding Mathematical Finance within Financial Economics -- Embedding -- The Methodology of Positive Economics -- A Superficial Appeal -- The Critical Difference between Positive Economics and Mathematics -- Where Are We Now? -- The Long Road to Disembedding -- Should We Disembed? -- How Can We Disembed? -- Conclusion -- Notes -- Acknowledgements -- References -- Part III: Sustainable Finance: Ethical and Innovation Dilemmas -- Ethical Issues in Finance -- Introduction -- What about Financial Ethics? -- Practical Cases -- Conclusion -- References -- Socially Responsible Investment as a Process for Assessing CSR Strategies: Theoretical Implications for CSR -- Introduction -- SRI as a Tool Measuring CSR -- Introduction to SRI -- Academic Valuation of CSR Using SRI -- What Is a "Good" Company? What Type of CSR Can Be Measured? -- Observation of CSR Strategies as Stakeholder Management Processes -- CSR Assessed through the Best Case Studies Database of WBCSD -- CSR Measurement in the Bank Sector -- Comparison of Vigeo and Sustainalytics Processes -- Comparison of Vigeo and Sustainalytics Results in the Banking Sector -- Conclusion from the Empirical Surveys -- An Alternative to the Theory of Corporate Social Responsibility -- References -- The Innovation Dilemma in the Financial Industry: French Domestic Credit Institutions -- Introduction -- The French Retail Banking Sector Facing Great Uncertainties: From Monopoly (1945-1984) to Fierce International Competition -- When Retail Banks Think "Innovation": A Dilemma to Deal with -- ICT Innovations: Limits of the Fully Dematerialized Customer Relationship -- Relational Innovations: Restoring Confidence in the Banking Relationship -- New Local Branch Designs.

Discussion: Who are Local Customers? -- Conclusion: Dematerialization or Qualitative (Re)Materialization of Banking Services? -- References -- Ten Challenges to Have a Sustainable Financial System -- Introduction -- What Are the Functions of a Financial System? -- Financialization of the Economies and Excessive Development of Derivative Markets -- The Financial System Has to Be Tenable -- Ten Challenges to Make the Financial System More Sustainable -- Securitization Needs to Be Improved -- The Distribution of Loans (and Its Corollary, Leverage Effect) Must Be Limited and All Financial Actors Need to Be Regulated -- Tax Havens Should Be Removed -- OTC Markets, Particularly Derivative Market, Have to Be Regulated -- The Accounting Principles and Standards Must Be Revisited -- The Quality of Internal Control Has to Be More Strong in Banks -- Business Model of Rating Agencies Should Be Rethought -- A Separation of Banking Activities Is Necessary -- Bonuses Should Be Limited -- A World Financial Transaction Tax Needs to Be Implemented -- Concluding Remarks -- References -- Finance as a Common: From Environmental Management to Microfinance and Back -- Respond to a Indebtedness Crisis with Multiple Consequences and Dimensions -- Microcredit Inside Global Crisis -- Global and Local Dynamics, and the Microfinance Action at Collective and Individual Levels -- The Idea of Commons -- Micro(Finance) as a Promoter of Common -- The Innovations of Green Microfinance Seen under Common's Lenses -- Conclusion -- Notes -- References -- Part IV: Moving toward Sustainable Social and Economic Models -- The "Triple Depreciation Line" Accounting Model and Its Application to the Human Capital -- Introduction to the Human Capital Issue -- Human Capital in Economics -- Human Capital in (Financial) Accounting -- Capital, Assets, and Accounting.

The "Triple Depreciation Line" Model and the Human Capital -- Introduction to the TDL Model -- Application of the TDL Model to the TDL's Human Capital -- Some Remarks about the Application of the TDL Model to the Human Capital -- Conclusion -- Notes -- References -- Exploring New Ways to Assess the Impact of Microfinance: What Role for the Capability Approach? -- Introduction -- Overview of the Impact Assessment Studies in Microfinance -- A Brief Review of Literature on the Social Contribution of Microfinance -- What Explains the Different Findings? -- Are there "Good" and "Bad" Methods for Impact Assessment? -- The Impact Chain -- Units of Assessment -- Types of Impact -- Rethinking Impact Assessment in Microfinance: What Role for the Capability Approach? -- About the Capability Approach -- Why Apply the Capability Approach to Microfinance Impact Assessment? -- Characteristics of an Impact Assessment Conceptual Framework Based on the Capability Approach -- Conclusion -- Notes -- References -- Toward a Socially Rational Management: Insights from Japanese and Islamic Business Ethics -- Introduction -- Economic Rationalization Process -- Development of the Business Corporation -- Nature of the Business Corporation -- Social Rationality -- Traditional Business Practices in Japan -- Modernization of Business Management -- Merchant-Ie Business -- Sanpo-Yoshi Business -- Public Autonomy Managed by Merchants -- Islamic Business Management -- Fair Distribution of Wealth -- Waqf and Corporation -- Partnership between Waqf and Companies -- Conclusion -- Note -- References -- Building Capabilities through Social Innovation: Implications for the Economy and Society -- Introduction -- Social Innovation and Social Capability Building -- Social Innovation Drivers: Idea, Resources, and Capabilities -- Open Social Innovation.

From Capabilities to Social Achievements -- Assessing Social Innovation Outcomes and Impacts -- Conclusion -- Note -- References -- Social Innovation Business Models: Coping with Antagonistic Objectives and Assets -- Introduction -- Social Innovation: Challenges, Outcomes, Impacts -- Social Innovation Business Case Studies -- Social Innovation Business Models -- Creating and Capturing Social Value -- Delivering Value -- The Emergence of Hybrid Organizations -- Social Innovation Business Model and Typologies -- Social Innovation Business Models -- Social Innovation Business Model Typologies -- Beneficiary as Actor Social Innovation Business Model -- Beneficiary as Customer Social Innovation Business Model -- Beneficiary as User Social Innovation Business Model -- Community-Asset-Based Social Innovation Business Model -- Conclusion -- References -- Coping with Social Innovation Dilemmas: An Exploratory Study of Middle Range Theory -- Revisiting Merton's Middle Range Theory: Roots and Development of MRT -- Actors and Structures -- Coping with Social Innovation Dilemmas: The Simpact Approach -- Conclusion -- Note -- References -- About the Authors -- Index.

The latest volume of Critical Studies on Corporate Responsibility, Governance and Sustainability examines the social, economic and environmental impacts of corporations, and the real effects of corporate governance, CSR and business sustainability on societies in different regions.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.