Overview

Sustainability has three main accepted dimensions: economic growth, social responsibility, and environmental protection. It is a truly multidimensional and multidisciplinary concept, and directly affects the risks and opportunities for markets and businesses. Markets are the most dominant social institutions of all time. Sustainable markets are about creating sustainable value, achieving the institutionsa (TM) and marketsa (TM) goals, as well as, ensuring that they contribute to positive social, economic, and environmental outcomes. Understanding what they are and how they work is crucial for a sound economy and for sustainable market and business development principles. Sustainable development offers long term benefits for markets, business, and institutions, including reduced risk, attraction of new investors, protection of shareholders, and most importantly, safeguarding their strength and longevity. These are also crucial for equitable distribution, keeping a balance between economic and social benefits for a sound eco-system. There is a significant and natural interaction, support, and causality between market and business sustainability. Business and market sustainability reforms need to be at the center of the global financial system and should be the essence of their development. Creation of such operations is imperative for the strategy planners of businesses, policy makers, and other stakeholders seeking to build more resilient markets and businesses.

Full Product Details

9781472433428

Table of Contents

Reviews

'Professor Aras has tackled the very timely subject of business sustainability. She has put together a global perspective that presents best practices, discusses the role of businesses and markets, and provides examples of innovative approaches. The book will be a valuable resource not only for scholars but also for the wider business community and policy makers.' Reena Aggarwal, Georgetown Center for Financial Markets and Policy, USA 'This work demonstrates the multi-dimensional elements of sustainability, moving beyond conceptions of sustainable enterprise and industry, to ask fundamental questions regarding the sustainability of markets. Can markets be made to work towards sustainable development rather than environmental destruction? The book highlights how new modes of regulation, governance, incentives and strategic thinking are essential to reformulate the fundamental objectives and operations of economic endeavour towards sustainable goals.' Thomas Clarke, University of Technology, Sydney, Australia

Author Information

Guler Aras is a professor of Finance at Yildiz Technical University, Istanbul, Turkey, and a Visiting Professor at Georgetown University McDonough School of Business. She is the founding director of the Center for Finance, Governance and Sustainability (CFGS) at YTU. She is the former Dean of Faculty of Administrative and Economic Sciences and that of the Graduate School. Her research focus is on the economy and financial markets with particular emphasis on the relationship between sustainability, corporate governance, social responsibility, and corporate financial performance. She has published more than 20 books and has contributed over 200 articles in academic, business and professional journals. Her most recent co-authored books are entitled The Durable Corporation: Strategies for Sustainable Development, also published by Gower, and Governance and Social Responsibility: International Perspectives.

Tab Content 6

Countries Available