Gold Standard: Socially Responsible Investment Analysis

Rute Abreu () and Carlos Pinho ()
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Rute Abreu: Instituto Politécnico da Guarda/UDI-IPG/CICF-IPCA/CISeD-IPV
Carlos Pinho: Universidade de Aveiro, GOVCOPP

A chapter in The Palgrave Handbook of Corporate Social Responsibility, 2021, pp 817-842 from Springer

Abstract: Abstract In this chapter, the authors describe the relevance of the gold and its influence across markets on the promotion of the socially responsible investment. Indeed, the relationship between social responsibility and investment is achieved through recommendations that it should lead the stakeholders to assume a higher degree of responsibility with lower level of risk management, knowing that the gold standard is a fundamental asset to the most important markets (Govett and Govett 1982). Investors recognize that managers have an incentive to promise that their investments will pay off considerable (Hillier et al. (2012) Financial markets and corporate strategy. McGraw-Hill Higher Education, London). This need obliges to change and to understand the relevance to increase transparency and accountability to the socially responsible investment. Therefore, the authors will answer to the research question: “Why the gold standard is relevant to the National Central Banks of the European Union?” Methodologically, this research focuses, on the one hand, on the literature review to contextualize the socially responsible investment, in general, and the gold, in particular. Also, the research needs the support of the accounting standards. On the other hand, it promotes the open data research as especially important tool (Garcia-Aceves 2018), in the last years, which is rarely promoted (Davies et al. 2019). In this perspective, it can be seen over the years a growing concern about the need for data based on the annual report of the National Central Banks of the European Union, which plays an active role in the financial and the monetary policies of each Member State of European Union. More than provide a literature review about the gold as an asset, it was made a discussion of different methodologies used by researchers to evidence gold as an investment that could be classified as social responsible because it gives the systematic running of the market by enlightening the confidence on the open data to the integrity of socially responsible investment.

Keywords: Gold standard; Methodology; Central Bank; Accounting; Finance (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-42465-7_74

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DOI: 10.1007/978-3-030-42465-7_74

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