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Prelims

Finance and Economy for Society: Integrating Sustainability

ISBN: 978-1-78635-510-2, eISBN: 978-1-78635-509-6

ISSN: 2043-9059

Publication date: 16 December 2016

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(2016), "Prelims", Alijani, S. and Karyotis, C. (Ed.) Finance and Economy for Society: Integrating Sustainability (Critical Studies on Corporate Responsibility, Governance and Sustainability, Vol. 11), Emerald Group Publishing Limited, Leeds, pp. i-xxiii. https://doi.org/10.1108/S2043-905920160000011015

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Emerald Group Publishing Limited

Copyright © 2017 Emerald Group Publishing Limited

Half Title

Finance and Economy for Society: Integrating Sustainability

Series Page

Critical Studies on Corporate Responsibility, Governance and Sustainability

Series Editor: William Sun

Recent Volumes:

Volume 3: Business and Sustainability: Concepts, Strategies and Changes – Edited by Gabriel Eweje and Martin Perry
Volume 4: Corporate Social Irresponsibility: A Challenging Concept – Edited by Ralph Tench, William Sun and Brian Jones
Volume 5: Institutional Investors’ Power to Change Corporate Behavior: International Perspectives – Edited by Suzanne Young and Stephen Gates
Volume 6: Communicating Corporate Social Responsibility: Perspectives and Practice – Edited by Ralph Tench, William Sun and Brian Jones
Volume 7: Socially Responsible Investment in the 21st Century: Does It Make a Difference for Society? – Edited by Céline Louche and Tessa Hebb
Volume 8: Corporate Social Responsibility and Sustainability: Emerging Trends in Developing Economies – Edited by Gabriel Eweje
Volume 9: The Human Factor in Social Capital Management: The Owner-Manager Perspective – by Paul Manning
Volume 10: Finance Reconsidered: New Perspectives for a Responsible and Sustainable Finance – Edited by Bernard Paranque and Roland Pérez

Title Page

CRITICAL STUDIES ON CORPORATE RESPONSIBILITY, GOVERNANCE AND SUSTAINABILITY VOLUME 11

FINANCE AND ECONOMY FOR SOCIETY: INTEGRATING SUSTAINABILITY

EDITED BY

SHARAM ALIJANI

NEOMA Business School, Reims, France

CATHERINE KARYOTIS

NEOMA Business School, Reims, France

United Kingdom – North America – Japan India – Malaysia – China

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Emerald Group Publishing Limited

Howard House, Wagon Lane, Bingley BD16 1WA, UK

First edition 2017

Copyright © 2017 Emerald Group Publishing Limited

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British Library Cataloguing in Publication Data

A catalogue record for this book is available from the British Library

ISBN: 978-1-78635-510-2

ISSN: 2043-9059 (Series)

List of Tables

Chapter 4
Table 1 Discounted Cash Flow Analysis with Positive Cash Flows Early and Negative Cash Flows Late.
Table 2 Discounted Cash Flow Analysis with Negative Cash Flows Early and Positive Cash Flows Late.
Chapter 7
Table 1 CSR and SRI Motivations and Targets.
Table 2 Breakdown of WBCSD Best Case Studies by Issue.
Table 3 Breakdown of WBCSD Best Case Studies by Motivation.
Table 4 Breakdown of WBCSD Best Case Studies by Stakeholder.
Chapter 8
Table 1 Trends in Retail Banking Branches 2009–2013.
Chapter 9
Table 1 Components and Financial Functions (Melicher & Norton, 2011).
Chapter 12
Table 1 A Snapshot of the Main Impact Assessment Studies in Microfinance Literature.
Table 2 Characteristics of a Capabilities-Based Conceptual Framework.
Chapter 14
Table 1 An Aggregative Model of Capability and Social Innovation.
Table 2 Methodological Approaches to Impact Measurement.
Chapter 15
Table 1 Selected Social Innovation Cases: United Kingdom.
Table 2 Social Innovation Business Model Typologies.
Chapter 16
Table 1 An Aggregative Model of Dilemma Approach.

List of Figures

Chapter 2
Figure 1 Share of Global Wealth of the Top 1 per cent and Bottom 99 per cent, Respectively.
Figure 2 Share of Global Wealth of the Top 1 per cent and Bottom 99 per cent, Respectively: The Trend 2014–2020.
Figure 3 Financial Assets in Multiples of GDP.
Figure 4 Top 10 Decile Income Share in the United States, 1917–2007.
Figure 5 Share of All Financial Assets by Net Worth Group in the United States.
Figure 6 US Distribution of Investment Assets, 2010.
Figure 7 Top Five US CEOs Annual Remuneration versus Top Five US Fund Managers CEOs, 2013.
Figure 8 Ratio of CEO-to-Worker Compensation in the United States, 1965–2014.
Figure 9 Change in CEO Pay and Average Worker Pay in the United Kingdom, 1980–2013 (UK £).
Chapter 4
Figure 1 Economic Trajectory and Sustainability.
Chapter 5
Figure 1 Joint Development of Finance and Mathematics from Mutual Relation to Embedding (ca 1000 AD – Present).
Chapter 7
Figure 1 Objects and Methods of Analysis Used by the Main CSR Rating Agencies in 2003.
Figure 2 CSR Rating Agency Tradeoff between Scope of Compilation and Complexity of Analysis.
Figure 3 Typology of ESG Controversies in the Banking Sector between 2010 and 2014 (For Vigeo and Sustainalytics Respectively).
Figure 4 Conceptual Framework of CSR as a Set of Two Agency Relations.
Figure 5 Agency Relation Government – Company’s Management.
Chapter 9
Figure 1 Direct and Indirect Finance (Mishkin, 2009).
Figure 2 Vicious Circle (Reinhart & Rogoff, 2008).
Figure 3 Securitization Process.
Figure 4 Financial Packaging (Lucas, 2008).
Figure 5 Financial Packaging (Poszar et al., 2013).
Chapter 12
Figure 1 The Goals of Impact Assessment (Hulme, 2000, p. 80).
Figure 2 The Conventional Model of the Impact Chain (Hulme, 2000, p. 81).
Figure 3 Outline of the Core Relationships in the Capability Approach.
Chapter 13
Figure 1 Social Rationality.
Chapter 14
Figure 1 Social Innovation Empowerment Cycle.
Figure 2 Multidirectional Effects of Knowledge Exploration and Absorptive Capacity.
Figure 3 The Capability and Open Social Innovation Cycle.
Chapter 15
Figure 1 The Social Business Model Framework (Michelini, 2012).
Figure 2 Adapted Social Innovation Business Model Canvas.
Figure 3 Beneficiary as Actor Social Innovation Business Model.
Figure 4 Beneficiary as Customer Social Innovation Business Model.
Figure 5 Beneficiary as User Social Innovation Business Model.
Figure 6 Community-Asset-Based Social Innovation Business Model.
Chapter 16
Figure 1 Micro-Macro Linkage.
Figure 2 Actor-Situation Model.
Figure 3 Analytical Model of Actor-Centered Institutionalism.

List of Boxes

Chapter 8
Box 1 The Innovation Haka in the Banking Sector: Dematerialization and Digitalization
Box 2 Main Organizations Supporting Banking Innovations (Working Groups, Conferences, Awards, Networking)
Box 3 Health and Justice – The Two Main Types of Local Banking Clients (Regulated Professions) in France
Chapter 15
Box 1 Progetto QUID
Box 2 Libera Terra
Box 3 Progetto QUID
Box 4 Semi di Libertà and Progetto QUID
Box 5 Catering Solidario
Box 6 Piano C

List of Contributors

Sharam Alijani Neoma Business School, Reims, France
Dirk Baur University of Western Australia, Crawley, Australia
Gérard Béduneau International Banking and Finance Institute, Paris, France
Julienne Brabet Paris Est Université, IAE Gustave Eiffel, Paris, France
Javier Castro-Spila Sinnegiak Social Innovation, San Sebastián, Spain
Manuela Celi Politecnico di Milano, Milano, Italy
Thomas Clarke University of Technology Sydney, Sydney, Australia
Pascale de Rozario Conservatoire National des Arts et Métiers, Paris, France
Alessandro Deserti Politecnico di Milano, Milano, Italy
Asmae Diani Sidi Mohamed Ben Abdellah, Fez, Morocco
Davide Forcella Centre for European Research in Microfinance, Brussels, Belgium
Soheyla Gholamshahi University of Technology Sydney, Sydney, Australia
Bruno Gizard Autorité des Marchés Financiers, Paris, France
Alexis Gouin Candriam, Brussels, Belgium
Catherine Karyotis Neoma Business School, Reims, France
Tamami Komatsu Politecnico di Milano, Milano, Italy
Thomas Lagoarde-Segot Kedge Business School, Marseille, France
Jessica Li Neoma Business School, Reims, France
Sébastien Lleo Neoma Business School, Reims, France
Alvaro Luna Sinnegiak Social Innovation, San Sebastián, Spain
Joseph Onochie Baruch College Zicklin School of Business, New York, NY, USA
Peter V. Rajsingh New York University, New York, NY, USA
Alexandre Rambaud AgroParisTech, Paris, France
Dieter Rehfeld Institute for Work and Technology, Westphalian University, Gelsenkirchen, Germany
Jacques Richard University Paris Dauphine, Paris, France
Francesca Rizzo University of Bologna, Bologna, Italy
Hideko Sakurai Chuo University, Tokyo, Japan
Grégory Schneider-Maunoury Humanis, Paris, France
Ayako Sendo Takushoku University, Tokyo, Japan
Jean-Michel Servet The Graduate Institute, Geneva, Switzerland
Judith Terstriep Institute for Work and Technology, Westphalian University, Gelsenkirchen, Germany
Alfonso Unceta Sinnegiak Social Innovation, San Sebastián, Spain

Editorial Advisory and Review Board

  • Fabienne Alvarez

    Professor of Management, Department of Economics and Business, University of Antilles and Guyane Pointe-à-Pitre, France

  • Ralph Bathurst

    Senior Lecturer, School of Management (Albany), Massey University, New Zealand

  • Lawrence Bellamy

    Professor & Associate Dean, Chester Business School, Chester University, UK

  • Robert Chia

    Research Professor of Management, Glasgow University, UK

  • Blanaid Clarke

    McCann Fitzgerald Chair of Corporate Law, Trinity College Dublin, The University of Dublin, Ireland

  • Thomas Clarke

    Professor of Management & Director of the Center for Corporate Governance, University of Technology, Sydney, Australia

  • Barry A. Colbert

    Reader & Director of CMA Center for Business & Sustainability, School of Business & Economics, Wilfrid Laurier University, Canada

  • Alexandre Di Miceli da Silveira

    Professor, School of Economics, Business and Accounting, University of Sao Paulo (FEA-USP), Brazil

  • Gabriel Eweje

    Associate Professor & Director of Sustainability & CSR Research Group, Department of Management & International Business, Massey University, New Zealand

  • Hershey H. Friedman

    Professor, Department of Economics, Brooklyn College of the City University of New York, USA

  • Lyn Glanz

    Dean of Graduate Studies, Glion Institution of Higher Education and Les Roches-Gruyère University of Applied Sciences, Switzerland

  • Adrian Henriques

    Visiting Professor, Department of Business and Management, Middlesex University, UK

  • Øyvind Ihlen

    Professor, Department of Media and Communication, University of Oslo, Norway

  • Lin Jiang

    Professor of Management, Business School, Renmin University of China, China

  • Eamonn Judge

    Professor & Research Director, Polish Open University, Poland

  • Elizabeth C. Kurucz

    Assistant Professor, College of Management and Economics, University of Guelph, Canada

  • Richard W. Leblanc

    Associate Professor, School of Administrative Studies, York University, Canada

  • Céline Louche

    Associate Professor, Audencia Nantes School of Management, France

  • Christoph Luetge

    Peter Loescher Professor and Chair of Business Ethics, Technical University of Munich, Germany

  • Guler Manisali-Darman

    Principal of the Corporate Governance and Sustainability Center, Turkey

  • Malcolm McIntosh

    Professor & Director of Asia Pacific Center for Sustainable Enterprise, Griffith Business School, Griffith University, Australia

  • James McRitchie

    Publisher of CorpGov.net and Consultant, USA

  • Abagail McWilliams

    Professor, College of Business Administration, University of Illinois at Chicago, USA

  • Roland Perez

    Professor Emeritus, Economics and Management, University Montpellier I, France

  • Yvon Pesqueux

    Chair of the Development of Organization Science, CNAM (Conservatoire National des Arts et Metiers), France; President-elect of International Federation of Scholarly Associations of Management (IFSAM)

  • David Pollard

    Reader in Technology Transfer and Enterprise, Faculty of Business and Law, Leeds Metropolitan University, UK

  • Lars Rademacher

    Professor, Department of Media Management, MHMK (Macromedia University of Applied Sciences), Germany

  • Simon Robinson

    Professor of Applied and Professional Ethics, Director of the Centre for Governance, Leadership and Global Responsibility, Leeds Metropolitan University, UK

  • David Russell

    Head of Department of Accounting & Finance, Leicester Business School, De Montfort University, UK

  • Ian Sanderson

    Professor Emeritus in Public Governance, Faculty of Business and Law, Leeds Metropolitan University, UK

  • Greg Shailer

    Director, Australian National Centre for Audit & Assurance Research (ANCAAR), The Australian National University, Australia

  • John Shields

    Professor & Associate Dean, Faculty of Economics and Business, the University of Sydney, Australia

  • Jim Stewart

    Professor of HRD & Leadership, Coventry Business School, Coventry University, UK

  • Peter Stokes

    Professor of Sustainable Management, Marketing and Tourism, Deputy Dean, Faculty of Business, Enterprise & Lifelong Learning, University of Chester, UK

  • Ralph Tench

    Professor of Communication, Faculty of Business and Law, Leeds Metropolitan University, UK

  • Christoph Van der Elst

    Professor of Law, Law School, Tilburg University, The Netherlands

  • Wayne Visser

    Transnet Chair of Sustainable Business at Gordon Institute of Business Science (GIBS), South Africa; Senior Associate, University of Cambridge Programme for Sustainability Leadership, UK

  • Suzanne Young

    Associate Professor, La Trobe Business School, Faculty of Business, Economics and Law, La Trobe University, Australia

Acknowledgments

The publication of this volume would have not possible without a collective effort of researchers who have participated in a series of seminars, colloquia, and conferences on the themes covered in this book.

Two important research groups have been instrumental in stirring scholarly research and bringing to life this collection. Most contributions emanate from a series of research sessions held in the Special Interest Group “Business for Society” at EURAM (European Academy of Management) from 2014 to 2016. The second largest group of contributors has been involved in the SIMPACT project, the acronym for “Boosting the Impact of SI in Europe through Economic Underpinnings,” a three-year research project by a consortium of twelve European research institutions and universities funded under the European Commission’s 7th Framework Programme. A third group of contributors conduct scholarly research as practitioners in the European banking and financial institutions. We wish to express our thanks to all for their scholarly work and intellectual commitment. Their names appear on the preceding page in this volume.

In addition to the above group of researchers, our special thanks go to our colleagues at NEOMA Business School, Mr. Mark Holdsworth for his engagement and hard work throughout our internal copyediting process, Dr. Frederic Nlemvo, Chair, Department of Strategy and Entrepreneurship and Dr. Maryline Thenot, Chair, Department of Finance for their suggestions and academic support. Similarly, we wish to thank our colleagues at the International Research Center on Sustainability and HABITER Research Center at Reims Champagne-Ardenne University, Dr. François Mancebo, Dr. Stéphane Rosière, and Dr. François Bost for their interest and support.

Our warmest gratitude is addressed to Dr. William Sun, “Critical Studies on Corporate Social Responsibility, Governance and Sustainability” Series Editor, whose suggestions and support were particularly appreciated throughout the editing process.

The volume chapters provided by EURAM research group were double-blind reviewed, while all other chapters were simultaneously single-blind and editor reviewed.

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