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Purpose: Ethical investing is considered to be the pinnacle of embedding environmental considerations in investing. Environmental considerations form a major part of corporate social responsibility (CSR), and CSR is considered to have a positive effect on investment returns. The purpose of this chapter is to assess the degree of environmental considerations embedded in faith-based funds investment criteria. The comparative analysis between principles and practice through faith-based investing is undertaken.

Design/Methodology: Prospectuses of selected faith-based mutual funds and other information around investment strategies provided on the Funds’ websites have been analyzed in detail. Content analysis has been undertaken in order to evaluate the existence and types of environmental related criteria demonstrated by the Funds. The criteria are compared to the faith principles on environmental responsibility.

Findings: It is generally assumed that CSR requirements form the premise of socially responsible investing. The authors find that faith-based investing criteria are narrowly defined and that they represent biases which do not promote environmentally responsible investing.

Implications: The major implication is that inspite of the availability of faith-based environmental responsibility principles, faith-based funds represent a case of economic returns prioritization over environmental considerations. Environment accountability principles that exist need to be promoted regularly so that they become an essential element of every day decision-making including faith-based economic decision-making.

Originality: This study contributes to the debate on ethical investing from the perspective of faith-based mutual funds.

Pre-project planning can be an important process for libraries managing large project portfolios. The process allows anyone within an organization to put forth a potential project, and it clearly articulates the process both for developing an idea into a project and for approving and prioritizing projects.

Drawing from experience, the authors introduce a preliminary step for proposing projects before the project management principles are applied.

Benefits of the process include: promoting stakeholder input; preventing organizational overwhelm; documenting the library’s project portfolio; and improving communication, transparency, and decision-making. Libraries implementing this process should define a project for their organization, build buy-in among those involved, and ensure that approved projects advance library goals.

This chapter is largely practical and derived from experience. It provides an in-depth look at pre-project planning, a concept largely ignored in the project management literature.

Many of the challenges experienced by the New Town remain the same 50 years on: funding major infrastructure, land acquisition and planning still requires national political and policy support. In the scramble to deliver the thousands of new homes needed, the British government is revisiting policy levers and programmes of the past. Ebbsfleet, a large new settlement in Kent, two decades into realisation, shows how subsequent government visions overlay the historic New Town principles, the characteristics underpinning Garden Cities or the newly emerging Healthy New Towns (HNT). Rediscovering New Town design principles has prompted a reinvention of the historic planning mechanisms that delivered them. The influence of policy actors is contrasted to Ebbsfleet Development Corporation’s emergent role as the practical delivery agency. Comparing criteria for recent government new settlement programmes reveals the Housing Ministry’s rapid shift from promoting sustainable development to facilitating private-sector investment in exchange for guaranteed housing delivery. A similar dilution is seen in the HNT Network, where the New Towns’ provision of health-giving environments for populations escaping from city slums has been supplanted by a broader (more diffuse) facilitation of healthy wellbeing. In a fluid policy context, Ebbsfleet’s adoption of these principles could cynically be read as market-led place rebranding not reinvention. Will the historic lessons of the early New Towns have been learnt so that the new wave of Garden Cities or Healthy New Towns fare better?

Even if crowdfunding is now practiced on all continents, not all countries have reached the same stage in creating a legal framework. The countries based on common law were the first to practice crowdfunding and have, for the majority of them, already regulated the use of crowdfunding. On continental Europe, the countries experienced a later development of crowdfunding but they nevertheless wished to be at the forefront of crowdfunding legislation. The purpose of this chapter is to present the main legislation or projects related to crowdfunding seeking to compare, as far as possible, the different legal frameworks together.

In this chapter we study the peer comparable approach used for the valuation of companies that went public on the Italian Nuovo Mercato. In Italy, IPO prospectuses often report the valuation methods used by investment banks. This allows us to analyze the accuracy of “real-world” valuation estimates. We show that underwriters rely on price-to-book and price-earnings multiples. The valuation estimates generated by these multiples are closest to offer prices. Conversely, when using enterprise value ratios comparable firms’ multiples are typically higher than those of the firms going public. We argue that underwriters have the possibility to select comparables that make their valuations look conservative.

Innovation is a key driver of a firm’s ability to survive in the financial market. Previous studies typically consider a firm dead once its shares are delisted from the stock exchange. Despite its negative connotation, delisting may be a strategic decision and therefore be a positive outcome for the company. We study how a firm’s innovative activity, in terms of R&D investments and number of patents, shapes its survival profile, taking into account the heterogeneous nature of delistings. Using a sample of high-tech small and medium enterprises (SMEs) going public in Europe during 1998–2003, we find that more innovative firms, both in terms of patents and R&D investments, have a higher probability to be taken over. However, while firms with a rich portfolio of patents are less likely to voluntarily delist, higher R&D investments increase a firm’s likelihood of being delisted due to compliance failure.

This chapter synthesizes the economics, law, and technology of security tokens and security token offerings (STOs). Security tokens are an increasingly important instrument in decentralized finance (DeFi) markets. They are blockchain-based investment contracts that are subject to securities law. Interoperability, fractional ownership, market liquidity, and rapid settlement are the main reasons security tokens are a primary catalyst for digitizing finance. The chapter empirically compares STOs with initial exchange offerings (IEOs) and initial coin offerings (ICOs). STOs take longer and raise more funding. However, controlling for other factors, the amount raised in STOs and IEOs is lower than in utility-token ICOs. These findings suggest an avenue for future research. Moreover, both the law and the technology of security tokens need to address critical challenges related to the competent jurisdiction in multinational activities and blockchain interoperability, scalability, and natural resource degradation.