Items related to Financing Change

9780262193702: Financing Change
Hardcover
ISBN 10: 0262193701 ISBN 13: 9780262193702
Publisher: Mit Pr, 1996

Synopsis

Prominent industrialist Stephan Schmidheiny, coauthor of the influential book, Changing Course: A Global Business Perspective on Development and the Environment, joins Argentinean business leader Federico J. L. Zorraquín and the other 123 members of the World Business Council for Sustainable Development in taking a close look at whether the workings of financial markets (stocks, bonds, banks, and insurance companies) do, or should, support sustainable development.Largely descriptive rather than prescriptive, Financing Change is the first study to examine questions that will become increasingly important as populations burgeon and the developing countries enter financial markets. It examines these issues in separate chapters covering the viewpoints of the financial market participants: company directors, investors and analysts, bankers, insurers, accountants, and raters.

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About the Author

Stephan Schmidheiny is a Swiss industrialist, Chairman of the Business Council for Sustainable Development, and the Principal Advisor for Business and Industry to the United Nations Conference on Environment and Development (ECO'92).

Review

There is reason to believe that financial markets, in pursuit of short-term goals, undervalue environmental resources, discount the future, and favor accounting and reporting systems that do not reflect environmental risks and opportunities. Companies outside the financial sector that use natural resources and cause pollution have had to grapple with environment and sustainability issues longer than those companies in the financial community. It may now be the financial sector's turn to face the threat of various types of environment-related liabilities. Largely descriptive rather than prescriptive, Financing Change: The Financial Community, Eco-Effici-ency, And Sustainable Development is the first study to examine questions that will become increasingly important as populations burgeon and the developing countries enter financial markets. It examines these issues in separate chapters covering viewpoints of the financial market participants, company directors, investors and analysts, bankers, insurers, accountants, and raters. The Financial Community is an important contribution to economic studies programs and is a highly recommended addition for all financial management and economics reading lists. -- Midwest Book Review

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Publisher
Mit Pr
Publication date
1996
Language
English
ISBN 10 
0262193701
ISBN 13 
9780262193702
Binding
Hardcover
Edition number
1
Number of pages
211