From Shareholders to Stakeholders Finance : Recovering Sustainable Finance

• Authors: Ferri Giovanni
• Languages of publication: EN

Abstracts

EN

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.

Keywords

EN

Banking, Financial crisis, Financial sustainability, Shareholders, Stakeholders, Business models

PL

Bankowość, Kryzys finansowy, Stabilność finansowa, Akcjonariusz, Interesariusze, Modele biznesowe

• Publisher: Bankowy Fundusz Gwarancyjny
• Journal: Bezpieczny Bank
• Year: 2014
• Issue: 2(55)
• Pages: 11-26

Contributors

author

Ferri Giovanni

• LUMSA University & Center for Relationship Banking and Economics, Rome, Italy

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