Affiliation: Lucian Blaga University of Sibiu
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.
Pages: 3 - 3
Publication date: December, 2022