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BukuSustainable Stakeholder Capitalism: A Moral Vision of Responsible Global Financial Risk Management
Bibliografi
Author: Petrick, Joseph A.
Topik: Sustainable Stakeholder Capitalism (SSC); System integrity capacity; Moral imagination; Responsible financial risk management
Bahasa: (EN )    
Penerbit: Springer Science & Business Media     Tahun Terbit: 2012    
Jenis: Article - diterbitkan di jurnal ilmiah internasional
Fulltext: art_10.1007_s10551-011-1157-6.pdf (290.75KB; 2 download)
Abstract
The author identifies the major micro-, meso-, and macro-level financial risk shifting factors that contributed to the Great Global Recession and how the absence of a compelling moral vision of responsible financial risk management perpetuated the economic crisis and undermined the recovery by blind reliance upon insufficiently accountable bailouts. The author offers a new theoretical model of Sustainable Stakeholder Capitalism by exercising moral imagination which inclusively and moderately balances four multi-level factors: types of capitalism, moral theories, human nature drives, and credit risk profiles. Finally, the author recommends micro-, meso-, and macro level practical reforms to prevent a recurrence of the current economic free fall, to re-create systemic global financial institution integrity, and to promote responsible risk management for sustainable global prosperity for current and future generations.
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