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DOI | 10.1177/1086026619831516 |
Financial Markets and the Transition to a Low-Carbon Economy: Challenging the Dominant Logics | |
Louche, Celine1; Busch, Timo2,3; Crifo, Patricia4,5,6; Marcus, Alfred7 | |
发表日期 | 2019 |
ISSN | 1086-0266 |
EISSN | 1552-7417 |
卷号 | 32期号:1页码:3-17 |
英文摘要 | Financial markets play a major role in contributing to the transition to a low-carbon economy. Although many initiatives and developments are taking place, this is just the beginning. In this article, we argue for a theory of change-a theory rooted in logics that will help financial markets play a key role in the transition to a low-carbon economy. We argue that the current dominant logics in finance-short-termism, predictability of the future based on ex-post data, price efficiency, and risk-adjusted returns-impede the effective integration of climate considerations in financial markets. We suggest four alternative logics that can enable and foster a change toward the low-carbon economy: long-termism, systems interconnectedness, carbon price dynamics, and active ownership. |
WOS研究方向 | Environmental Sciences & Ecology ; Business & Economics |
来源期刊 | ORGANIZATION & ENVIRONMENT |
文献类型 | 期刊论文 |
条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/90004 |
作者单位 | 1.Audencia Business Sch, Business & Soc, Nantes, France; 2.Univ Hamburg, Sch Business Econ & Social Sci, Hamburg, Germany; 3.Univ Zurich, Ctr Sustainable Finance & Private Wealth, Zurich, Switzerland; 4.Univ Paris Nanterre, Nanterre, France; 5.Ecole Polytech, Palaiseau, France; 6.CIRANO, Montreal, PQ, Canada; 7.Univ Minnesota, Minneapolis, MN USA |
推荐引用方式 GB/T 7714 | Louche, Celine,Busch, Timo,Crifo, Patricia,et al. Financial Markets and the Transition to a Low-Carbon Economy: Challenging the Dominant Logics[J],2019,32(1):3-17. |
APA | Louche, Celine,Busch, Timo,Crifo, Patricia,&Marcus, Alfred.(2019).Financial Markets and the Transition to a Low-Carbon Economy: Challenging the Dominant Logics.ORGANIZATION & ENVIRONMENT,32(1),3-17. |
MLA | Louche, Celine,et al."Financial Markets and the Transition to a Low-Carbon Economy: Challenging the Dominant Logics".ORGANIZATION & ENVIRONMENT 32.1(2019):3-17. |
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