Responsible Investment Around the World

Responsible Investment Around the World: Finance after the Great Reset

BY

JULIA M. PUASCHUNDER

Columbia University, USA

United Kingdom – North America – Japan – India – Malaysia – China

Emerald Publishing Limited

Howard House, Wagon Lane, Bingley BD16 1WA, UK

First edition 2023

Copyright © 2023 Julia M. Puaschunder.

Published under exclusive licence by Emerald Publishing Limited.

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British Library Cataloguing in Publication Data

A catalogue record for this book is available from the British Library

ISBN: 978-1-80382-852-7 (Print)

ISBN: 978-1-80382-851-0 (Online)

ISBN: 978-1-80382-853-4 (Epub)

1. Introduction1
2. Responsibility9
2.1. Foundations10
2.1.1. Philosophical Foundations10
2.1.2. Economic Foundations13
2.1.3. Leadership Foundations14
2.1.4. Behavioral Foundations16
2.2. Responsibility Within Markets27
2.3. Corporate Social Responsibility31
2.3.1. The Value of CSR36
2.3.2. International Differences39
2.3.3. Global Governance44
2.3.4. Public Private Partnerships46
2.3.5. CSR as a Multi-stakeholder Management Means48
2.3.6. The UNGC49
2.3.7. COVID-19 Pandemic External Shock52
2.3.8. COVID-19 Induced Inequality54
2.3.9. Corporate Social Justice in the Aftermath of the COVID-19 Pandemic57
2.4. Socially Responsible Investment60
2.4.1. Forms62
2.4.2. Stakeholders66
2.4.3. Emergence67
2.4.4. Historical Background70
2.4.5. International Nuances72
2.4.6. 2008 World Financial Crisis76
2.4.7. Economic Impact of COVID-1977
2.4.8. COVID-19 New Finance Order79
2.4.9. Inequality in the Socio-economic Fallout of COVID-1983
2.4.10. Finance Performance versus Real Economy Constraints Gap85
2.4.11. Social Volatility and Affective Fallout Propensities Spread87
2.4.12. Inflation92
2.4.13. Interest Rate97
2.4.14. Responsible Finance: Targeted Rescue, Recovery and Relief Aid99
2.4.15. Urban–Local–Regional and National Focus100
2.4.16. Global and Future-oriented Beneficiaries Focus101
2.4.17. Institutional Framework103
2.4.18. Finance after the Great Reset119
2.4.19. Political Divestiture121
2.4.20. Positive-screened SRI Ventures of the Future141
3. Discussion and Future Prospect161
4. Conclusion183
References195
Index233