Table Of ContentPALGRAVE STUDIES IN IMPACT FINANCE
Financing
Sustainable Development
Key Challenges and Prospects
Edited by
Magdalena Ziolo · Bruno S. Sergi
Palgrave Studies in Impact Finance
Series Editor
Mario La Torre
Sapienza University of Rome
Rome, Italy
The Palgrave Studies in Impact Finance series provides a valuable scientific
‘hub’ for researchers, professionals and policy makers involved in Impact
finance and related topics. It includes studies in the social, political,
environmental and ethical impact of finance, exploring all aspects of impact
finance and socially responsible investment, including policy issues,
financial instruments, markets and clients, standards, regulations and
financial management, with a particular focus on impact investments and
microfinance.
Titles feature the most recent empirical analysis with a theoretical
approach, including up to date and innovative studies that cover issues
which impact finance and society globally.
More information about this series at
http://www.palgrave.com/gp/series/14621
Magdalena Ziolo • Bruno S. Sergi
Editors
Financing Sustainable
Development
Key Challenges and Prospects
Editors
Magdalena Ziolo Bruno S. Sergi
Faculty of Economics and Davis Center for Russian and
Management Eurasian Studies
University of Szczecin Harvard University
Szczecin, Poland Cambridge, MA, USA
Palgrave Studies in Impact Finance
ISBN 978-3-030-16521-5 ISBN 978-3-030-16522-2 (eBook)
https://doi.org/10.1007/978-3-030-16522-2
© The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer
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A
cknowledgements
Research results presented in this book are an element of the research
project implemented by the National Science Center Poland under the
grant OPUS13 no UMO-2017/25/B/HS4/02172.
v
Praise for Financing Sustainable Development
“This book provides a significant insight into new methodologies of researching
effective resources of sustaining development while boosting global economy that
is also relevant to The Americas’ economy.”
—Dr. Abel Adekola, Dean and Professor of International Management,
Jay S. Sidhu School of Business & Leadership, Wilkes University, USA
“This is a valuable book that discusses and elaborates on contemporary challenges
and prospects of sustainable development with particular emphasis on the finance
aspects. Financing Sustainable Development presents relevant theoretical and the
latest empirical studies in the scope of financing sustainable development. It pro-
vides a comprehensive understanding of financing sustainable development, par-
ticularly in the emerging Asian markets.”
—Professor Jamal Wiwoho, Rector, Universitas Sebelas Maret, Indonesia
vii
c
ontents
1 Introduction 1
Bruno S. Sergi and Magdalena Ziolo
2 Sustainability in Finance and Economics 9
Diana-Mihaela T‚îrca˘, Anis‚oara-Niculina Apetri, and
Mirela Ionela Aceleanu
3 Sustainable Development Versus Green Banking:
Where Is the Link? 53
Magdalena Ziolo, Marta Pawlaczyk, and Przemysław Sawicki
4 Sustainability, Innovation, and Efficiency: A Key
Relationship 83
Daniele Schilirò
5 Socially Responsible Financial Markets 103
Dejan Jednak and Sandra Jednak
6 Institutional Investments and Responsible Investing 127
Ria Sinha and Manipadma Datta
7 Patronage in the Financing of Social and Sustainable
Projects 169
Manuel Nieto-Mengotti and Carmen Gago-Cortés
ix
x CONTENTS
8 Sustainable Capital Market 193
Andreea Stoian and Filip Iorgulescu
9 Sustainable Public Finance and Debt Management 227
Isabel Novo-Corti and Xose Picatoste
10 Environmental, Social and Governance Risk versus
Company Performance 249
Türker Şimşek, Halil İbrahim Aydın, and Bartosz Oliwa
11 Sustainable Financial Systems 269
Stanisław Flejterski
12 Green Finance Concept: Framework and Consumerism 299
Marwa Ben Ghoul
13 Public–Private Partnerships as a Mechanism of Financing
Sustainable Development 313
Bruno S. Sergi, Elena G. Popkova, Kseniya V. Borzenko, and
Natalia V. Przhedetskaya
14 Social Reporting of Egyptian Islamic Banks: Insights
from the Post-Revolution Era 341
Mohamed Nagy Osman
Index 371
n c
otes on ontributors
Mirela Ionela Aceleanu is PhD Professor in the Department of Economics
and Economic Policies and Director of the Doctoral School of Economics
I, Bucharest University of Economic Studies, Romania. She has partici-
pated in research internships at the University of Reading (UK), University
of Gothenburg (Sweden) and University of Barcelona (Spain). Her exten-
sive research experience consists of the publication of numerous economic
studies and participation in conferences and in research projects. She is
Assistant Editor of the Theoretical and Applied Economics Journal and a
reviewer for many other journals. Research interests include the labour
market, employment policies, green jobs, environmental policies, sustain-
able development, the rural and green economies, and education.
Anis‚oara-Niculina Apetri is PhD Assistant Professor in the Department
of Accounting, Finance and Audit, Stefan cel Mare University of Suceava,
Romania. She has participated in Erasmus training at the University of
Parma (Italy). Her research experience consists of the publication of numer-
ous economic studies and participation in conferences and in research proj-
ects. She is Assistant Editor of the Accounting, Finance and Business
Economics Journal and a reviewer for several conferences and journals.
Research interests include finance, corporate finance, public finance, sus-
tainable finance and banking.
.
Halil Ibrahim Aydın is Associate Professor at the department of econom-
ics, Faculty of Economics and Administrative Sciences at Batman University.
He also serves as Vice Dean of the Faculty of Economics and Administrative
Sciences and on the Faculty Board of Directors. His teaching areas are
xi
