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Sustainable finance. A critical realist perspective

Author

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  • Thomas Lagoarde-Ségot

    (KEDGE Business School [Marseille], LEST - Laboratoire d'Economie et de Sociologie du Travail - AMU - Aix Marseille Université - CNRS - Centre National de la Recherche Scientifique)

Abstract

This article seeks to respond to certain epistemological challenges which are posed to the traditional methods of inquiry used in finance by the emergence of sustainable finance. We first underline the qualitative changes that have been induced in the finance function by the imperatives of sustainable finance. Then, through the prism of critical realism, we analyse it to reveal a contradiction, which we attribute to a misconceived social ontology in academic finance. Finally, we outline methodological avenues which might allow us to overcome these difficulties and pave the way for a more realist and pluralist approach to finance research in the 21st century.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Thomas Lagoarde-Ségot, 2019. "Sustainable finance. A critical realist perspective," Post-Print halshs-03559024, HAL.
  • Handle: RePEc:hal:journl:halshs-03559024
    DOI: 10.1016/j.ribaf.2018.04.010
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    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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