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This paper aims to explore the nature of responsible investment (RI) practices in Zimbabwe from the point of view of the institutional asset owners by investigating not only how they incorporate the ESG criteria when selecting investee companies but also the elements of greenwashing and impression management.

Based on semi-structured interviews conducted with Pension Fund Entities, Mutual Funds and Life Assurance companies, the authors used interpretive methodological approach to derive the symbolic RI techniques used.

This study discovered many symbolic acts of “greenwashing” and impression management as opposed to genuine concerns for ESG issues which are at the core of RI practice. RI is used as not only a systematic risk management instrument but also a symbolic marketing tool due to weak regulatory environment. Contrary to the significantly high public communication on RI, the actual links of the asset owners with the environmental impacts in investee companies is insignificant. The authors also found that there are clear distinctions between how foreign and local firms operating in the local economy engage on ESG matters.

This is likely to have practical implications for stewardship practices in developing jurisdictions where RI practices are puerile.

This paper contributes to the literature on RI dialogue by demonstrating the peculiarity of ESG engagement in a developing economy.

Purpose – The aim of this chapter is to analyse the discourse associated with, and preceding the establishment of, the community interest company (CIC) legal format in the United Kingdom in 2005. The analysis identifies the political, ideological, social and economic meta-narratives that are embedded in five key texts from which the CIC emerges and is codified.

Design, methodology and approach – The approach consists of a discourse analysis of five principal texts produced between 2002 and 2005 in which the idea of a CIC is articulated and refined prior to the launch of the CIC format in 2005.

Findings – Analysis of five key texts elucidates four meta-narratives that contrast political, ideological, social and economic discourse and counter-discourse.

Research implications and limitations – The selection of five key texts excludes other texts that were produced during the articulation and refinement of the CIC format. Further research to examine the diffusion, adoption and translation of the CIC legal format is recommended.

Practical implications – We show how the crafting of policy is embedded in meta-narratives that shape the content and implementation of policy.

Social implications – The CIC protects, in perpetuity, collectively held property rights through an asset lock, and enables capital to be raised from investors and trustees to be paid. These characteristics are beneficial in that community asset ownership can contribute to local development, e.g. by creating new ventures, generating jobs and anchoring wealth in communities; raising capital from investors can facilitate the enterprise to grow and scale up; and the expertise of the board can be enhanced by rewarding trustees financially for their involvement in the governance of the CIC.

Originality – This chapter presents the first critical analysis of the discourse associated with the origins of the idea for, and articulation of, the need for a legal format for social enterprises in the United Kingdom.

An important Islamic imperative is prevention of concentration of wealth among a few so that wealth circulates widely to enhance shared prosperity. In contemporary economic discourse, inequality and concentration of wealth have emerged as among key causes of instability and crisis. Unfortunately, although Islamic finance has emerged as a Shari’ah-compliant industry, it does not seem to be connected with the Islamic concern about inequality and concentration of wealth. This paper aims to explore the issues of inequality and concentration of wealth in the context of Islamic finance.

This paper addresses a number of queries: Are Islamic banks, as the dominant component of the industry, helping to improve inequality and concentration of wealth and thus offer a better framework to deal with instability and crisis? Is the ownership structure of Islamic banks conducive to meeting the Islamic imperative regarding inequality and concentration of wealth? Using secondary data, this research illuminates the pertinent issues in light of the experience of Bahrain as one of the hubs of Islamic banking and finance.

The paper finds that the ownership pattern of Islamic banks in Bahrain lends credence to the entrenched, not-so-unexpected concentration of wealth.

This study is based on data of one country. Further studies on other countries will help illuminate the relevant patterns and issues.

Inequality and concentration of wealth are among central economic issues in contemporary economic discourse. Because of the significant impact of such inequality and concentration, societies need to be more aware of these impacts and devise ways to address it.

Inequality and concentration of wealth have fundamental social implications, as the issues of poverty, deprivation, exploitation, etc. are inseparable from concentration of wealth (accompanied by concentration of power), and widening wealth gap can cause or induce major socio-political upheaval.

Although inequality and concentration of wealth are robust fields of inquiry, this might be the first work addressing the issue of concentration of wealth in the context of Islamic finance in general and Islamic banking in particular.

The purpose of this paper is to investigate how the knowledge work discourse has been transformed from a celebration of those who create knowledge to one of leaden prescription to purposively separate the knowledge from the knower.

The approach takes the form of genealogical discourse analysis of the dominant and alternative knowledge work discourses.

From its earliest conceptions, knowledge work as a discourse was conceived as creating a new class of worker who was highly educated, motivated and financially aspirational. Through alignment with significant discourses from such fields of knowledge as economics, the law and technology, knowledge has become an organisational asset, to be secured by technology and protected by law even from those who created it. Discursive transformation shows that knowledge work and those who perform it – the knowledge workers – have become marginalised in the discourses until they have virtually disappeared altogether.

As a conceptual paper, the analysis does not address an empirical research frame. However, the paper illustrates how power is implicated in all aspects of the knowledge work discourse.

The paper identifies how power relations are implicit in organisational discourses of knowledge work. Knowledge is seen to be central to studies of organisations, economics and globalisation, yet human beings as creators of knowledge have been marginalised in the knowledge discourses.

The purpose of this paper is to explore practitioner and academic conceptualisations about what drives individuals (who are the target of financial inclusion efforts) to adopt and use financial services. It compares this with individual’s personal subjectivities to understand how the similarities and differences might contribute to problems in financial inclusion efforts.

To uncover such conceptualisations, a Foucauldian discourse analysis of three texts is conducted.

The analysis uncovers the ways in which financial subjects are produced. Important points of discontinuity are evident between texts, pointing to potential failures within financial inclusion constructs. Distilling aspects of continuity between texts shows up three kinds of subjects produced predicated on the site of economic engagement as owners of bodies, tangible property and intangible property. These subjects are shown to all share concerns with income and expense management. The analysis shows that subject positions and strategic actions (including the use of financial service providers) are mutually reinforcing, and that therefore financial subjects will engage only to the extent that the product or service enacts their subject position. With the financial subject as the starting point, it is possible to understand the use or rejection of particular financial products and services.

Asset building is proposed as a field of activity not currently considered part of mainstream financial inclusion, questioning the terms on which individuals are to be financially “included”.

Approximately 2 billion people globally, and 66 per cent of adults in sub-Saharan Africa, are excluded from the formal financial system. While financial inclusion is considered beneficial, many projects face significant challenges. This suggests insufficient understanding of what drives individuals to adopt and use financial services. This paper makes a contribution by exploring the gap between academics, practitioners and individuals using a method that has not previously been applied in this field, and uncovering differences in understanding that have not previously been explored. The insights into financial inclusion in provided in this paper are original in the literature.

In the process of reform, although every landmark theoretical breakthrough is marked by the speech of the highest leadership of the Communist Party of China (CPC) or the decision of the CPC National Congress, each breakthrough is attributable to the theoretical contribution made by the academia of political economy. Notably, these theoretical breakthroughs invariably embrace innovations in the discourse system of political economy. The paper aims to discuss this issue.

The innovations and breakthroughs thereof have led to the political economy of socialism with Chinese characteristics.

The success of China’s economy highlights the superiority of the socialist economic system and development path with Chinese characteristics.

These major breakthroughs are accompanied by breakthroughs in relevant theories, which constitute a synthesis of a series of major theoretical innovations in political economics.

With specific focus on sustainable development of the built environment in Cape Coast, Ghana, the purpose of this paper is to examine practical and conceptual barriers for local planning authorities advancing international outreach programmes based on a global discourse on heritage and heritage management.

A discourse analysis was conducted on documents and programmes produced by international organisations and local planning authorities since 2000. Further qualitative data collection methods included 25 semi-structured interviews, literature and media review and on-site observations.

The study shows that the dominant global discourse on heritage management being interconnected with tourism development is adopted by local planning authorities. However, the requirements to advance initiated urban redevelopment projects are neither adapted to the economic realities nor institutional capabilities of the local planning system. Instead of adjusting specific Ghanaian notions of heritage or local forms of heritage organisations, negotiating the discourse is potentially a more sustainable approach.

The findings reveal important implications necessary to address from sustainable development perspective. The study can help practitioners to develop strategies based on local African planning contexts rather than western discourses on best practice.

This study discusses the impact of an Authorised Heritage Discourse on local planning of the built environment, and the need to rescale and broaden the scope of such discourses to other levels than the dominating national/global.

The purpose of this paper is to examine asset management in three cities. It is informed by polyphony as a theoretical perspective and draws on the fact‐building process to explore the practice of asset management in these study settings.

A comparative case study approach was adopted to have a broader understanding of the levels of complexity in the study of polyphony in asset management. With this aim, the three Scottish cities were analysed presenting a spectrum of city types.

The paper finds evidence of polyphony. The three cases show different degrees of controversies and achievements, providing a highly variegated picture of the effectiveness in pursuing an asset management policy.

Polyphony recognises the many voices of actors present in organisations. This perspective on asset management is an important, but relatively neglected facet of this aspect of city management. The paper provides an insight in this, showing the potential for the multiple voices of the many different actors within local government, all of whom may have distinct views on asset utilisation.

This introduction provides the methodological framework for the book, approaching the business of football through the lens of its most reliable consumers – the fanbase. Fan cultures necessarily inform the normative understanding of a football club, due to the popularly held belief that it is the fan’s – or some reified idea of the fan – that is the permanent feature of a football club and that provides its identity. Players and owners come and go, but the relationship between the club and the fan is, theoretically, never-ending. In truth, this is never a real fan who could exist, but a constructed image of the fan built out of other narratives and that, at some level, football fans associate themselves. This fan is no one in particular, but is drawn from a close reading of football culture and identifying the directives of the traditional fan. Utilising a combination of critical theory and the existing literature on football club ownership, our goal is to reveal the distinction between how people talk about the social dimension of football clubs, and how they actually relate to their fans and the wider world in the era of late capitalism. A club is not simply the romanticised notions held by those within the games, but, as with all businesses, it is also the product of it conducts itself in a series of other networks of exchange. Often irreconcilable with the aforementioned romantic notions, these networks often get hidden by the prevailing discourse.