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Books > Business & Economics > Finance & accounting > Finance
In this significant new book, Bruna Ingrao and Claudio Sardoni
emphasize the crucial importance of considering credit/debt
relations and financial markets for a comprehensive understanding
of the world in which we live. The book offers both a thorough
historical and theoretical reconstruction of how 20th century
macroeconomics got (or did not get) to grips with the interactions
between banks and financial markets, and the 'real' economy. The
book is split into two distinct and thematic parts to expose the
different attitudes to banks and finance before and after the Great
Depression of the 1930s. Part I explores the period from the turn
of the 20th century to the late 1930s, when many important
economists devoted great attention to banks and credit relations in
their explanations of the working of market economies. Part II
discusses the post-war period up until the modern day, when banks
and financial markets ceased to be a major concern of mainstream
macroeconomics. The 2007-8 crisis gave rise to a renewed interest
in credit relations, but many problems inherited from the past
still remain open. The authors stress, in particular, the
implications of the uneasy, if not impossible, coexistence of the
endeavour to set macroeconomics within the framework of general
equilibrium theory with the attempt to develop the analysis of the
monetary and financial features of actual economies.
Macroeconomists will greatly benefit from this timely book as it
examines the historical evolution of the discipline, pointing out
the major factors that have largely prevented the development of
satisfactory analyses of the interrelations of credit, finance and
the macroeconomy. Those involved in current economic policy debates
will also benefit from the lessons offered in this book.
Environmental, social, and corporate governance (ESG) risk
considers the nonfinancial risks that could arise in a business,
such as sustainability, brand reputation, legal aspects, ethics,
and more. As businesses all have their own risk profiles, there is
a need for risk management and mitigation that is unique for each
company. Because of this variability, the study on ESG risk factors
and motives of incorporating the ESG perspective into business
models are crucial yet challenging. Therefore, it is important to
understand how companies are adapting and mitigating ESG risk in
diverse types of businesses. Adapting and Mitigating Environmental,
Social, and Governance Risk in Business examines processes in
enterprises that can increase the sustainability of business models
and their coherence with the assumptions of the concept of
sustainable development and ESG risk. Furthermore, the book
explores how enterprises operating in different sectors are
adapting their business models towards sustainability in order to
create sustainable value. This book is a valuable tool for
managers, executives, entrepreneurs, practitioners, academicians,
researchers, and graduate students in finance, business, and
management.
Rethinking Corporate Governance's extensive and insightful
empirical investigation offers a radically new approach to
corporate governance. This ground-breaking volume describes and
analyzes the key nature-based and actor-based forces that
ultimately determine corporate governance processes and long-term
corporate paths. Generally, such forces work in complex and
intricate interplays that to a large extent vary among
corporations. A theory of shareholder governance is developed and
integrated into the established - and more comprehensive - theory
of corporate governance to create a revised theory of the
corporation (firm). The new possibilities that this creates for
explaining how processes develop and ultimately influence corporate
paths are presented in-depth. Featuring conclusions based on an
empirical material that is both rich and exclusive, the book also
contains extensive non-anonymized materials from authentic
corporate governance processes. A general conclusion is that
actions taken by individuals have a special status among those
forces, as they not only generate impact in themselves, but also
involve interpretations of the possible effects of all the other
forces.Among those actions, the ones taken by the shareholders
stand out as particularly decisive both for the governance
processes as such and for how corporations develop over time.
Offering a degree of openness, detail and realism that is hard to
find in any other case-based study this innovative and enlightening
volume is essential for both academics and practitioners involved
in corporate governance, corporate strategy and the theory of the
firm.
Banks have a special position in the financial system. Their
exclusive link to the central bank puts them at the top of the
financial system and enables banks to offer liquidity to the wider
economy. They also provide loans and payment services to firms and
households. This multifaceted nature of banking makes the economics
of banking exciting. This Research Review assembles the best
'banking' papers on all these dimensions and will be invaluable for
banking scholars and practitioners.
Introduce students to fundamental economic concepts and help them
understand financial literacy with this book about capital
resources and the economy. Students will learn about different
types of resources, how they are part of the economy, and how to
conserve resources. Colorful images, supporting text, a glossary,
table of contents, and index all work together to engage readers
and help them better understand the content. This informative,
colorful book uses primary sources to captivate readers as they
learn social studies topics.
Elgar Research Agendas outline the future of research in a given
area. Leading scholars are given the space to explore their subject
in provocative ways, and map out the potential directions of
travel. They are relevant but also visionary. How can financial
services, such as credit, deposit accounts, financial transfers,
and insurance be provided to people in need? This challenging and
complex issue has been a topic of interest for the international
aid community for decades. Drawing on renowned experts in
microfinance and financial inclusion, this Research Agenda sheds
much-needed light on this multifaceted challenge and points the way
ahead for future research. Providing a critical and
multidisciplinary approach to research in microfinance and
financial inclusion, the authors provide a state-of-the-art
overview of current scholarly knowledge on the provision of
financial services to disadvantaged populations worldwide.
Reviewing the literature on the subject from the fields of
economics, management science and development studies, they discuss
the limitations and challenges of current research and chart
avenues for future developments. With its fascinating insights,
this Research Agenda will be of interest to students of finance and
economics, development, and business and management, as well as
researchers with a specific interest in microfinance and financial
inclusion. Contributors include: J. Bastiaensen, A. Cozarenco, B.
D'espallier, K.O. Djan, M. Duvendack, A. Garcia, J. Goedecke, I.
Guerin, V. Hartarska, B. Hathaway, N. Hermes, F. Huybrechs, R.
Lensink, R. Mersland, J. Morduch, S. Morvant, D. Nadolnyak, T.
Ogden, J.-M. Servet, T.W. Sommeno, A. Szafarz, G. Van Hecken, B.
Venet, L. Weill, T. Wry, S. Zamore
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