Catholic Social Thought and Sustainability. Ethical and Economic Alignment
| Autor: | Ana María Gómez-Bezares, Fernando Gómez-Bezares |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
media_common.quotation_subject
lcsh:Risk in industry. Risk management Principal–agent problem social doctrine of the Catholic Church social economic progress financial performance Order (exchange) 0502 economics and business lcsh:Finance lcsh:HG1-9999 ddc:330 ESG indices Stakeholder theory media_common 050208 finance Financial performance Human rights business.industry 05 social sciences Doctrine Public relations economic development lcsh:HD61 economic ethics Sustainability business sustainability Business Form of the Good 050203 business & management |
| Zdroj: | Journal of Risk and Financial Management Volume 14 Issue 1 Journal of Risk and Financial Management, Vol 14, Iss 11, p 11 (2021) |
| ISSN: | 1911-8074 |
| DOI: | 10.3390/jrfm14010011 |
| Popis: | In this research, we demonstrate that business sustainability can be a model to foster in order to reach real development, as it is shown that business sustainability has both an ethical and economic logic. Even though, from an ethical point of view, sustainability can be well-founded on human rights and civic ethics, our goal in this paper has been to sustain and enrich business sustainability based on the Social Doctrine of the Catholic Church, which can be shared in its advises by many non-Catholic people, as it is a rich source of wisdom. We have also studied its economic logic analyzing why it is justified for sustainable companies to obtain good results, formulating the model to alleviate the agency problem (which allows it to overcome the traditional stakeholder model), studying empirical analyses that demonstrate the good financial performance of sustainable companies, and making a new analysis that confirms the above. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|