Topics in Corporate Finance

Sustainable Finance and Government Policy


Volume: 27 Topics in Corporate Finance

Author(s): Dirk Schoenmaker, Rens van Tilburg, Elisa Achterberg and Max van Son

Year: 2019

ISBN: 978-90-77859-32-2

Price: € 20.00

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This 27th issue of the ACCF Topics in Corporate Finance series seeks to contribute to the current public debate on sustainability in finance and sustainable development.

In the first contribution to this issue, prof. Dirk Schoenmaker (Erasmus University Rotterdam), professor of Banking and Finance, provides a typology of sustainable finance: what does it consist of and how can we have finance develop as a means toward sustainable development? He distinguishes three stages of sustainable finance, from avoiding ‘sin’ stocks, via internalization of externalities to actually contributing to sustainable development directly. In his empirical assessment of the international practices, he ranks the current state of the financial sector as still mainly in the first stage: just avoiding activities and investments in companies with evidently very negative societal impact. Much progress is still to be made.

The second contribution (in Dutch) comes from work of the Sustainable Finance Lab and Circle Economy for the Dutch Ministry of Economic Affairs and Climate Policy and is authored by Rens van TilburgElisa Achterberg and Max van Son. It studies the potential market failures in reaching a circular economy, and lists the various government instruments and policies aimed at overcoming such shortcomings. It identifies bottlenecks and discusses the pros and cons of the different instruments and policies. In doing so, it provides some clarity on the effectiveness of government policy.


Publications Topics in Corporate Finance

VolumeYearAuthorTitlePrice
272019Dirk Schoenmaker, Rens van Tilburg, Elisa Achterberg and Max van SonSustainable Finance and Government Policy€ 20.00
262018Arnoud W.A. Boot, Jeroen E. Ligterink and Jens K. MartinUnderstanding Fintech and Private Equity€ 20.00
252017Jeroen E. Ligterink en Jens K. MartinPrivate equity: waardecreatie, herverdeling en excessen€ 20.00
242015Tanju YorulmazerUnderstanding the Crisis: Bank Funding Structures as Source of Instability€ 20.00
232014Anat R. AdmatiTowards a Better Understanding of the Capitalization of Banks€ 20.00
222013Arnoud W.A. BootTransactiemaatschappij en financiële markten: op zoek naar een nieuwe balans€ 20.00
212012Lans BovenbergMacro-oplossingen gezocht: naar integrale oplossingen voor de onevenwichtigheden in wonen, pensioen, ouderenzorg en het bancaire landschap€ 20.00
202011Paul De Grauwe and Arnoud W.A. BootTowards a Fundamental Resolution of the Eurocrisis€ 20.00
192010David T. LlewellynThe Global Banking Crisis and the Post-Crisis Banking and Regulatory Scenario€ 20.00
182010Ludovic PhalippouRegulating Private Equity€ 20.00
172009Frank Partnoy, Arnoud W.A. Boot and Anjan V. ThakorTowards a Fundamental Understanding of Financial Sector Developments€ 20.00
162008Arnoud W. A. BootCorporate finance theorie en financiële crisis in breder perspectief € 20.00
152007Arnoud W.A. Boot, meerdere auteursPrivate equity en aandeelhoudersactivisme€ 20.00
142007X. Vives and V. Strauss-KahnHeadquarters and innovation: does location matter? € 20.00
132006L. Bouchez, M. Knubben, J.A. McCahery and L. Timmerman (eds)The Quality of Corporate Law and the Role of Corporate Law € 20.00
122005J. McCahery and E. VermeulenUnderstanding (Un)incorporated Business Forms € 20.00
112005D. Cumming, G. Fleming and A. SchwienbacherRecent research on the investment behavior of private equity fund managers€ 20.00
102005M.J.G.C. Raaijmakers, G. van Solinge en P. Frentrop Corporate governance: een agenda voor de toekomst€ 20.00
92004Amar BhidéEntrepreneurship and Venture Capital€ 20.00
82004V. Maksimovic, D. Brounen, A. de Jong and K. KoedijkPerspectives on the Theory and Practice of Corporate Finance € 20.00
72003J.J.A. LeenaarsSecuritisatie: Economics en Europees Perspectief€ 20.00
62003U. BhattacharyaGlobal Corporate Governance and Accounting Transparency € 20.00
52002A. Saunders and A. SchmeitsThe Role of Bank Funding for the Corporate Sector: the Netherlands in an International Perspective € 20.00
42001Todd T. MilbournManagement Compensation in the Netherlands: Theory, Evidence, and Best Practice € 12.50
32000A.W.A. Boot and J.E. LigterinkDe Efficiëntie van de Nederlandse Faillissements€ 15.00
22000E.I. Altman and A. Saunders, and A.W.A. Boot, T. Milbourn, and S. DezelanPerspectives on the Regulation of the Financial Services Industry € 12.50
11999I. Walter and A.W.A. BootThe Future of Banking: Two Essays on the Consolidation in the Financial Sector€ 15.00