From Shareholders to Stakeholders Finance. Recovering Sustainable Finance
Abstract
The paper argues that re-regulating finance while preserving and augmenting its stakeholder-oriented component – as opposed to the shareholder/profit maximizingcomponent – is needed not only to restore the stability of finance, but also to mend the market economy, saving it. Answering the question why financial re-regulation is advancing so slowly, this paper addresses the historical example of re-regulation of the 1930s. It argues that the lack of a strong prosecutor, such as Ferdinand Pecora in 1933, made the progress of the reform more difficult. It asserts that a serious re-regulation is the only way out to restore financial stability. Appropriate leadership will be needed to secure a reasonably rapid and smooth transition. Finally, the paper analyses why we need Stakeholder Finance.
Keywords:
Stakeholder Finance , Sustainable FinanceDownload files
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This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Vol. 55 No. 2 (2014)
Published: 2024-02-19
10.26354

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Język Polski
English