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A Word From The Editor-In-Chief

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  • Prof. Camelia OPREAN - STAN

    (Lucian Blaga University of Sibiu)

Abstract

Since the development of the modern financial system in the 17th century, it has gone through a number of revolutions that have profoundly transformed its character and functioning. While classic finance relates to pre-Industrial Revolution practices and models, sustainable corporate finance is concerned with improving corporate practices in order to provide long-term benefits for society as a whole. Traditional finance has increasingly concentrated on generating short-term shareholder value (or profit), whereas sustainable corporate finance enables businesses to make long-term, profitable decisions that benefit both shareholders and the environment. In fact, sustainable corporate finance is intended to secure a company’s long-term financial sustainability and stability while adhering to environmental, social, and ethical values.

Suggested Citation

  • Prof. Camelia OPREAN - STAN, 2022. "A Word From The Editor-In-Chief," Management of Sustainable Development, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 14(2), pages 3-3, December.
    • Handle: RePEc:blg:msudev:v:14:y:2022:i:2:p:3-3:n:1
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