Financial Markets – Under the Sign of CSR. Some Evidences Regarding Financial Education

Mirela Panait (), Irina Radulescu () and Alina Brezoi ()
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Irina Radulescu: Petroleum-Gas University of Ploiesti, Romania
Alina Brezoi: Petroleum-Gas University of Ploiesti, Romania

Chapter 11 in 1st International Conference Global Ethics - Key of Sustainability (GEKoS), 2020, vol. 11, pp 96-106 from Editura Lumen

Abstract: The financial market is in a process of metamorphosis, the international crises being determining factors in the reconfiguration process. In addition, the stakeholders attitude reshapes the different components of the financial markets. Financial consumers have become a force that requires financial institutions to adopt honest and ethical behavior. Portfolio investors also sanction, by specific methods, the inappropriate behavior of companies towards the environment or local communities or encourage listed companies that carry out corporate social responsibility (CSR) programs. The stock exchanges and the authorities that supervise and regulate the segments of the financial market are promoters of CSR, both through the power of the example and through specific programs. In this dynamic context, the article aims to carry out an analysis regarding the contribution of financial market actors on promoting the principles of sustainable development and the principles of Global Compact in national economies. The article focuses on the process of financial education in several European countries. The authors identified and analyzed five financial education platforms in selected European countries. The analysis of the statistical data reveals a low interest of financial consumers, especially from the countries from the former communist bloc.

Keywords: financial market; CSR; financial education (search for similar items in EconPapers)
JEL-codes: F2 M1 M2 O2 O3 (search for similar items in EconPapers)
Date: 2020
ISBN: 978-1-910129-25-8
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Persistent link: https://EconPapers.repec.org/RePEc:lum:prchap:11-11

DOI: 10.18662/lumproc/gekos2020/11

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