Skip to main content
Top

2019 | OriginalPaper | Chapter

4. Sustainable Finance Management

Authors : Giovanni Ferri, Francesca Lipari

Published in: The Rise of Green Finance in Europe

Publisher: Springer International Publishing

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

Abstract

The issue addressed in this chapter is how firms need to shape up or reshape in order to suit the green finance evolution. In this respect, to tap green finance a company would need to structure (if a start-up) or reorganise (if already in business) in a way to be sustainability compliant and to be able to display that credibly. In turn, this passage demands that a firm adopts a sustainable finance management approach, which may be achieved by hiring sustainable finance managers (especially in medium–large firms) or outsourcing that function to external consulting experts. In both cases, the firm needs to be able to get a good external evaluation, typically a credible ESG (Environment, Social, Governance) rating.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Literature
go back to reference Baumol, W. J. (2010). The microtheory of innovative entrepreneurship. Princeton/Oxford: Princeton University Press.CrossRef Baumol, W. J. (2010). The microtheory of innovative entrepreneurship. Princeton/Oxford: Princeton University Press.CrossRef
go back to reference Brown, J. R., Fazzari, S. M., & Petersen, B. C. (2009). Financing innovation and growth: Cash flow, external equity, and the 1990s R&D boom. The Journal of Finance, 64(1), 151–185.CrossRef Brown, J. R., Fazzari, S. M., & Petersen, B. C. (2009). Financing innovation and growth: Cash flow, external equity, and the 1990s R&D boom. The Journal of Finance, 64(1), 151–185.CrossRef
go back to reference Desa, G. (2012). Resource mobilization in international social entrepreneurship: Bricolage as a mechanism of institutional transformation. Entrepreneurship Theory and Practice, 36(4), 727–751.CrossRef Desa, G. (2012). Resource mobilization in international social entrepreneurship: Bricolage as a mechanism of institutional transformation. Entrepreneurship Theory and Practice, 36(4), 727–751.CrossRef
go back to reference Di Domenico, M. L., Haugh, H., & Fichter, P. T. (2005). Social Bricolage: Theorizing social value creation in social enterprises. Entrepreneurship Theory and Practice, 34(4), 681–703.CrossRef Di Domenico, M. L., Haugh, H., & Fichter, P. T. (2005). Social Bricolage: Theorizing social value creation in social enterprises. Entrepreneurship Theory and Practice, 34(4), 681–703.CrossRef
go back to reference Fichter, K. (2005). Interpreneurship—Nachhaltigkeitsinnovationen in interaktiven Perspektiven eines vernetzenden Unternehmertums (Theorie der Unternehmung, Vol. 33). Marburg: Metropolis Verlag. Fichter, K. (2005). Interpreneurship—Nachhaltigkeitsinnovationen in interaktiven Perspektiven eines vernetzenden Unternehmertums (Theorie der Unternehmung, Vol. 33). Marburg: Metropolis Verlag.
go back to reference Griese, K. M., Werner, K., & Hogg, J. (2017). Avoiding greenwashing in event marketing: An exploration of concepts, literature and methods. Journal of Management and Sustainability, 7, 1.CrossRef Griese, K. M., Werner, K., & Hogg, J. (2017). Avoiding greenwashing in event marketing: An exploration of concepts, literature and methods. Journal of Management and Sustainability, 7, 1.CrossRef
go back to reference Hall, B. H., & Lerner, J. (2010). The financing of R&D and innovation. Handbook of the Economics of Innovation, 1, 609–639.CrossRef Hall, B. H., & Lerner, J. (2010). The financing of R&D and innovation. Handbook of the Economics of Innovation, 1, 609–639.CrossRef
go back to reference Hart, O., & Moore, J. (1994). A theory of debt based on the inalienability of human capital. The Quarterly Journal of Economics, 109(4), 841–879.CrossRef Hart, O., & Moore, J. (1994). A theory of debt based on the inalienability of human capital. The Quarterly Journal of Economics, 109(4), 841–879.CrossRef
go back to reference Keijzers, G. (2002). The transition to the sustainable enterprise. Journal of Cleaner Production, 10(4), 349–359.CrossRef Keijzers, G. (2002). The transition to the sustainable enterprise. Journal of Cleaner Production, 10(4), 349–359.CrossRef
go back to reference Kerr, W. R., & Nanda, R. (2009). Democratizing entry: Banking deregulations, financing constraints, and entrepreneurship. Journal of Financial Economics, 94(1), 124–149.CrossRef Kerr, W. R., & Nanda, R. (2009). Democratizing entry: Banking deregulations, financing constraints, and entrepreneurship. Journal of Financial Economics, 94(1), 124–149.CrossRef
go back to reference Kiron, D., Unruh, G., Reeves, M., Kruschwitz, N., Rubel, H., & ZumFelde, A. M. (2017). Corporate sustainability at a crossroads. MIT Sloan Management Review, 58(4), 86. Kiron, D., Unruh, G., Reeves, M., Kruschwitz, N., Rubel, H., & ZumFelde, A. M. (2017). Corporate sustainability at a crossroads. MIT Sloan Management Review, 58(4), 86.
go back to reference Lazonick, W. (2015). Stock buybacks: From retain-and-reinvest to downsize-and-distribute. Washington, DC: Center for Effective Public Management at Brookings. Lazonick, W. (2015). Stock buybacks: From retain-and-reinvest to downsize-and-distribute. Washington, DC: Center for Effective Public Management at Brookings.
go back to reference Loorbach, D., & Wijsman, K. (2013). Business transition management: Exploring a new role for business in sustainability transitions. Journal of Cleaner Production, 45, 20–28.CrossRef Loorbach, D., & Wijsman, K. (2013). Business transition management: Exploring a new role for business in sustainability transitions. Journal of Cleaner Production, 45, 20–28.CrossRef
go back to reference Luqmani, A., Leach, M., & Jesson, D. (2017). Factors behind sustainable business innovation: The case of a global carpet manufacturing company. Environmental Innovation and Societal Transitions, 24, 94–105.CrossRef Luqmani, A., Leach, M., & Jesson, D. (2017). Factors behind sustainable business innovation: The case of a global carpet manufacturing company. Environmental Innovation and Societal Transitions, 24, 94–105.CrossRef
go back to reference Pangarkar and Wu. (2012). Industry globalization and the performance of emerging market firms: Evidence from China. International Business Review, 21(2), 196–209.CrossRef Pangarkar and Wu. (2012). Industry globalization and the performance of emerging market firms: Evidence from China. International Business Review, 21(2), 196–209.CrossRef
go back to reference Patzelt and Shepherd. (2011). The new field of sustainable entrepreneurship: Studying entrepreneurial action linking “what is to be sustained” with “what is to be developed”. Entrepreneurship Theory and Practice, 35(1), 137–163.CrossRef Patzelt and Shepherd. (2011). The new field of sustainable entrepreneurship: Studying entrepreneurial action linking “what is to be sustained” with “what is to be developed”. Entrepreneurship Theory and Practice, 35(1), 137–163.CrossRef
go back to reference Randjelovic, J., O’Rourke, A. R., & Orsato, R. J. (2003). The emergence of green venture capital. Business Strategy and the Environment, 12(4), 240–253.CrossRef Randjelovic, J., O’Rourke, A. R., & Orsato, R. J. (2003). The emergence of green venture capital. Business Strategy and the Environment, 12(4), 240–253.CrossRef
go back to reference Spender, J. C. (2014). Business strategy: Managing uncertainty, opportunity, and enterprise. Oxford: Oxford University Press.CrossRef Spender, J. C. (2014). Business strategy: Managing uncertainty, opportunity, and enterprise. Oxford: Oxford University Press.CrossRef
go back to reference Staroßom, H. (2013). Gründungsunterstützung durch öffentliche Hilfen. In H. Staroßom (Ed.), Corporate Finance Teil 2 (pp. 73–108). Wiesbaden: Springer.CrossRef Staroßom, H. (2013). Gründungsunterstützung durch öffentliche Hilfen. In H. Staroßom (Ed.), Corporate Finance Teil 2 (pp. 73–108). Wiesbaden: Springer.CrossRef
go back to reference Weiß, R., & Fichter, K. (2013). Green Economy Gründungsmonitor. Konzeptstudie und Piloterhebung. Abschlussbericht. Berlin: Borderstep. Weiß, R., & Fichter, K. (2013). Green Economy Gründungsmonitor. Konzeptstudie und Piloterhebung. Abschlussbericht. Berlin: Borderstep.
go back to reference York, J. G., & Venkataraman, S. (2010). The entrepreneur–environment nexus: Uncertainty, innovation, and allocation. Journal of Business Venturing, 25(5), 449–463.CrossRef York, J. G., & Venkataraman, S. (2010). The entrepreneur–environment nexus: Uncertainty, innovation, and allocation. Journal of Business Venturing, 25(5), 449–463.CrossRef
Metadata
Title
Sustainable Finance Management
Authors
Giovanni Ferri
Francesca Lipari
Copyright Year
2019
Publisher
Springer International Publishing
DOI
https://doi.org/10.1007/978-3-030-22510-0_4