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Finanza sostenibile e sistema di finanza pubblica sostenibile
[Sustainable finance and sustainable public finance system]

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Listed:
  • Schilirò, Daniele

Abstract

This contribution first examined the topic of finance that takes ESG factors into consideration. It highlights that the main objective of sustainable finance is to direct investments towards more sustainable technologies and businesses. Another important goal is to better manage risks, such as those related to climate change, resource depletion, social problems and governance failures. Finally, we highlight the importance of "impact investing" which represents the new frontier of ethical and sustainable finance. The second theme of this contribution concerns public finance systems for the difficult implementation of the complex ESG objectives. The need for a partnership between the public sector and the private financial sector and greater attention to ecological issues by the financial system are highlighted. Sustainable finance, however, also implies a change in the economic paradigm which must move away from a neoclassical approach and towards theoretical models such as those of behavioral economics, which allows the objectives of economic agents to be redefined as compatible with the ESGs.

Suggested Citation

  • Schilirò, Daniele, 2024. "Finanza sostenibile e sistema di finanza pubblica sostenibile [Sustainable finance and sustainable public finance system]," MPRA Paper 120216, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:120216
    as

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    File URL: https://mpra.ub.uni-muenchen.de/120216/1/MPRA_paper_120216.pdf
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    References listed on IDEAS

    as
    1. Schilirò, Daniele, 2020. "Towards digital globalization and the covid-19 challenge," MPRA Paper 100504, University Library of Munich, Germany, revised May 2020.
    2. repec:srs:journl:jmef:v:2:y:2016:i:2:p:77-88 is not listed on IDEAS
    3. Matthew Rabin, 1998. "Psychology and Economics," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 11-46, March.
    4. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    5. Zhe Cheng & Huanming Wang & Wei Xiong & Dajian Zhu & Le Cheng, 2021. "Public–private partnership as a driver of sustainable development: toward a conceptual framework of sustainability-oriented PPP," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(1), pages 1043-1063, January.
    6. Daniele SCHILIRO, 2016. "Economics and Psychology The Framing of Decisions," Journal of Mathematical Economics and Finance, ASERS Publishing, vol. 2(2), pages 77-88.
    7. Tversky, Amos & Kahneman, Daniel, 1986. "Rational Choice and the Framing of Decisions," The Journal of Business, University of Chicago Press, vol. 59(4), pages 251-278, October.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    sostenibilità; finanza sostenibile; finanza pubblica sostenibile; economia comportamentale;
    All these keywords.

    JEL classification:

    • G0 - Financial Economics - - General
    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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