TY - BOOK
T1 - Finance in transition: principles for a positive finance future
AU - Loorbach, Derk
AU - Schoenmaker, Dirk
AU - Schramade, W
PY - 2020
Y1 - 2020
N2 - Finance in Transition discusses the transition from traditional finance to transition finance.The current pattern of unsustainable economic development is supported by the global financial system, whose goal function is to create ever more financial value. Traditional finance is based on the concept of shareholder value.
This paper develops new principles for a sustainable financial system. These guiding principles are: 1) from shareholder to integrated value, which combines financial, social and environmental value; 2) stewardship based on a direct link between financiers and companies; and 3) capital allocation based on long-term societal value.
AB - Finance in Transition discusses the transition from traditional finance to transition finance.The current pattern of unsustainable economic development is supported by the global financial system, whose goal function is to create ever more financial value. Traditional finance is based on the concept of shareholder value.
This paper develops new principles for a sustainable financial system. These guiding principles are: 1) from shareholder to integrated value, which combines financial, social and environmental value; 2) stewardship based on a direct link between financiers and companies; and 3) capital allocation based on long-term societal value.
UR - https://www.rsm.nl/fileadmin/Images_NEW/Positive_Change/2020_Finance_in_Transition.pdf
M3 - Book
BT - Finance in transition: principles for a positive finance future
PB - Rotterdam School of Management (RSM), EUR
CY - Rotterdam
ER -