Financing Sustainable Growth and Building the Capital Markets Union in the European Union

• Autorzy: Małgorzata Janicka

Warianty tytułu

Finansowanie zrównoważonego rozwoju wobec budowy unii rynków kapitałowych w Unii Europejskiej

• Języki publikacji: EN

Abstrakty

EN

The European Union is trying to make environmental, social and corporate governance (ESG) central to its financial system. Investments, which flow through the capital market, should favour sustainable development. The closing of the investment gap in sustainable investment is one of the priorities on the way to the sustainable growth of the EU economy. Very unfortunately, sustainable finance has been made part of the plan to build the capital markets union. In my opinion, including sustainable finance in this process is a misguided solution. The aim of this article is to analyse the conditions of including sustainable finance in the process of building the capital markets union. Since the subject discussed in the article is completely new, the author did not consult any academic studies that could have acted as a point of reference in the conducted analyses. The article can be seen as a pioneering study intended to contribute to fill the gap in this area. (original abstract)

Unia Europejska zmierza do tego, by uczynić kwestie z zakresu ochrony środowiska, polityki społecznej i ładu korporacyjnego (environmental, social and governance, ESG) centralnymi elementami systemu finansowego. Likwidacja luki inwestycyjnej odnoszącej się do zrównoważonych inwestycji jest jednym z priorytetów na drodze prowadzącej do zrównoważonego rozwoju gospodarki UE. Niefortunnie postanowiono jednak włączyć kwestie zrównoważonych finansów (sustainable finance) w proces pogłębiania integracji rynków kapitałowych w Unii Europejskiej. Zdaniem autorki artykułu nie jest to dobre rozwiązanie. Celem publikacji jest analiza uwarunkowań i zasadności włączania sustainable finance w proces budowy unii rynków kapitałowych. Ponieważ podjęty w artykule temat jest zupełnie nowy, brakuje opracowań i artykułów naukowych, które mogłyby stanowić odniesienie dla prowadzonych w niniejszym artykule analiz. Publikacja ta ma przyczynić się do wypełnienia istniejącej w tym zakresie luki. (abstrakt oryginalny)

Słowa kluczowe

EN

Investment; Finance; Capital market

PL

Inwestycje; Finanse; Rynek kapitałowy

• Czasopismo: Argumenta Oeconomica Cracoviensia
• Rocznik: 2019
• Numer: no 2(21)
• Strony: 81--96

Twórcy

autor

Małgorzata Janicka

• University of Lodz, Poland

Bibliografia

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Identyfikatory

DOI

doi.org/10.15678/AOC.2019.2104