Social and solidarity finance: A conceptual approach

Artis, Amélie

doi:10.1016/j.ribaf.2015.11.011

Cited by 16 publications

(5 citation statements)

References 11 publications

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“…Non-financial criteria in decision-making on financing obtain considerably more reconsideration because of the need to include the daily economic, environmental, and social concerns within financial decisions (Artis, 2017). Thus, ethical investments, socially responsible investing, microcredit, and social banking have rapidly developed because financial institutions and intermediaries have enhanced their financial decision-making process by incorporating ethical choices and social objectives (Editorial "Research in International Business and Finance," 2017).…”

Section: The Impact Of Esg On Financial Decision-makingmentioning

confidence: 99%

“…The authors examine the impacts of social rating announcements on stock prices to better understand the relationship between social responsibility and firm value, according to a shareholder's perspective. Nowadays, this stream of research is still an open debate that needs further investigation because of the relevance of a social and solidarity finance system to "build upon a support relationship that facilitates the elaboration of converging expectations" (Artis, 2017).…”

Section: The Impact Of Esg On Financial Decision-makingmentioning

confidence: 99%

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The Linkage between ESG Performance and Credit Ratings: A Firm-Level Perspective Analysis

Devalle¹,

Fiandrino²,

Cantino³

2017

IJBM

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This paper investigates the effect of environmental, social, and governance (ESG) performance on credit ratings. We argue that ESG factors should be considered in the credit analysis and the creditworthiness evaluation of borrowers because they affect borrowers' cash flows and the likelihood of default on their debt obligations. Consequently, we develop our research by firstly reviewing the literature regarding ESG commitments within financial decision-making processes and then addressing the relation between ESG performance and the cost of debt financing. We reveal no unanimous results and no clear-cut boundaries on this matter yet. Secondly, to disentangle this relationship, which is not well defined by scholars, we empirically investigate the nexus between ESG performance and credit rating issues on a sample of 56 Italian and Spanish public firms for which ESG performance in 2015 was achieved. Our final sample includes 15 variables for 56 observations: 840 items are under analysis. Our findings suggest that ESG performance, especially concerning social and governance metrics, meaningfully affects credit ratings. We do not sort out significant results referring to environmental scores, so further research is needed to investigate this ever-growing matter and strengthen this considerable nexus.

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Section: The Impact Of Esg On Financial Decision-makingmentioning

confidence: 99%

Section: The Impact Of Esg On Financial Decision-makingmentioning

confidence: 99%

The Linkage between ESG Performance and Credit Ratings: A Firm-Level Perspective Analysis

Devalle¹,

Fiandrino²,

Cantino³

2017

IJBM

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“…The orientation of conventional financial management practices has been merely material that prioritizes competition, individual egotism, and short duration of time. Specifically, one of the observers in the field of social finance and solidarity (social and solidarity finance), such as (Artis, 2017) states that the relationship between the social financial system and solidarity has different characteristics from other financial institutions. Social finance and solidarity are a set of relationships between quality finances and social affairs, namely mutual giving, partnerships between individuals and others, and organizations, and are long-term.…”

Section: Resultsmentioning

confidence: 99%

Understanding Financial Management Practices in Sociological Perspectives: A Transcendental Phenomenological Study

Sumail

Abdullah

Jamali

2022

esber

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The purpose of this study is to uncover financial management practices from a sociological perspective. Conventional finance focuses only on materials or assets, which seem to have no spirit or social oxygen, even though those spirits have an important role in financial governance. This study used transcendental phenomenological methodology. A total of five key informants were involved in the study. All the key informants involved have at least ten years of experience as banana traders "Epe" on the Losari beach of Makassar City. This research found that the harmonization between the heart and the rational is supplied by new benefits of social oxygen that create new spirits and new energy in the form of social and economic. So that it has the potential to provide the best financial governance (excellent value) to other companies, in addition to the company's internals, the company will become dazzling and have the potential to produce the best performance (always the best) and sustainable growth. So it is not an exaggeration that excellent value, charm, always the best, and sustainable growth are characteristics of humanist financial management that are not found in conventional financial management.

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“…Meanwhile, other estimation methods included in the quantitative approach used are: Markov Regime Driven Style/MRDS (Boudt et al 2019) Apart from studies with quantitative approaches, there are 12 articles (12%) that use qualitative methods in their research. Some of these qualitative approaches include: descriptive (Bouslama 2015, Abdelzaher et al 2017, Mbengue 2017, Spalding 2014, Gumusay 2014, conceptual framework research (Artis 2015, Ullah et al 2016, Ebrahim et al 2016, literature review (Linnenluecke et al 2017, Ibrahim 2015, and descriptive statistics (Narayan 2016, Chen 2016.…”

Section: Research Approach (Quanti-qualitative) Publication Articlementioning

confidence: 99%

Islamic Capital Market Research in Scopus Indexed Journals Q1: A Review

Laila,

Rusydiana

2024

ICM

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This study tries to review the research around Islamic stock and Islamic capital market on reputable journals. It uses descriptive statistical analysis based on selected 88 article publications or papers related to Islamic stock, with international journals indexed by Scopus Q1. The entire sample journal publications have been published for ten years from 2009 to 2019. The results show that Islamic stock and capital market research is still dominated by empirical research (90%) rather than concept research (10%). In addition, the average time of journal publication is between 8 and 9 months. There are at least 17 Q1 Scopus journals that publish Islamic capital market and the most research with Pacific Basin Finance Journal, Journal of Business Ethics, Journal of Economic Behavior & Organization, Journal of International Financial Markets, Institutions & Money, Journal of Corporate Finance, and Journal of Banking and Finance. Furthermore, the comparison of quantitative research (88%) is still more than the qualitative approach (12%).

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Social and solidarity finance: A conceptual approach

Cited by 16 publications

References 11 publications

The Linkage between ESG Performance and Credit Ratings: A Firm-Level Perspective Analysis

The Linkage between ESG Performance and Credit Ratings: A Firm-Level Perspective Analysis

Understanding Financial Management Practices in Sociological Perspectives: A Transcendental Phenomenological Study

Islamic Capital Market Research in Scopus Indexed Journals Q1: A Review

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