- Autor
- Ferri Giovanni (LUMSA University & Center for Relationship Banking and Economics, Rome, Italy)
- Tytuł
- From Shareholders to Stakeholders Finance : Recovering Sustainable Finance
- Źródło
- Bezpieczny Bank, 2014, nr 2 (55), s. 11-26, rys., bibliogr. 15 poz.
- Słowa kluczowe
- Bankowość, Kryzys finansowy, Stabilność finansowa, Akcjonariusz, Interesariusze, Modele biznesowe
Banking, Financial crisis, Financial sustainability, Shareholders, Stakeholders, Business models - Uwagi
- summ.
- Abstrakt
- The paper argues that re-regulating finance while preserving and augmenting its stakeholder-oriented component - as opposed to the shareholder/profit maximizing component - 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. (original abstract)
- Dostępne w
- Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka SGH im. Profesora Andrzeja Grodka
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu - Bibliografia
-
- Allen, F. and Gale, D. (2000): Comparing Financial Systems, Cambridge, MA: The MIT Press.
- Bryan, L.L. (1988): Breaking up the Bank: Rethinking an Industry under Siege, Homewood, IL: Dow Jones-Irwin.
- D'Apice, V. and Ferri, G. (2010): Financial Instability: Toolkit and Perspectives up to the Current Crisis, London, Palgrave/McMillan.
- The Economist (2010): World debt. Government and private debt after crisis, August 24th.
- Ferri, G. (2013): 'How regulation of finance got it wrong and how it still does', in Westra, L., Taylor, P. and Michelot, A. (eds.) Confronting Ecological and Economic Collapse. Ecological integrity for low, policy and human rights, Chapter 13, Routledge Earthscan.
- Goldsmith, R.W. (1966): The Determinants of Financial Structure, Paris: OECD.
- Goldsmith, R.W. (1969): Financial Structure and Development, New Haven: Yale University Press.
- Kennedy, P. (1987): The Rise and Fall of the Great Powers, New York: Random House.
- Kindleberger, C.P. (1978): Manias, Panics, and Crashes: A History of Financial Crises, Wiley.
- Leijonhufvud, A. (2009): 'Macroeconomics and the Crisis: A Personal Appraisal', CEPR Policy Insight 41.
- Maddison, A. (2007): Contours of the World Economy 1-2030: Essays in Macro-Economic History, Oxford University Press.
- Martenson C. (2009): The crisis explained in one chart. Debt to GDP, www.peakprosperity. com/blog/crisis-explained-one-chart-debt-gdp/11570.
- Minsky, H.P. (1975): John Maynard Keynes, Cambridge University Press.
- Minsky, H.P. (1993): 'The Financial Instability Hypothesis', in Arestis, P. and Sawyer, M. (eds.) Handbook of Radical Political Economy, Edward Elgar: Aldershot.
- Mold, A. (2010): Maddison's forecasts revisited: What will the world look like in 2030?, www.voxeu.org, 24 October.
- Cytowane przez
- ISSN
- 1429-2939
- Język
- eng
