Finance and Management for the Anthropocene

Paul Shrivastava, Laszlo Zsolnai, David Wasieleski, Mark Stafford-Smith, Thomas Walker, Olaf Weber, Cary Krosinsky and David Oram
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Paul Shrivastava: Penn State - Pennsylvania State University - Penn State System, ICN Business School, CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine
Laszlo Zsolnai: Corvinus University of Budapest
David Wasieleski: ICN Business School, Duquesne University [Pittsburgh], CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine
Mark Stafford-Smith: Land and Water Flagship [Canberra] - CSIRO - Commonwealth Scientific and Industrial Research Organisation [Australia]
Thomas Walker: Concordia University [Montreal]
Olaf Weber: University of Waterloo [Waterloo]
Cary Krosinsky: Yale University [New Haven], Brown University School of Public Health

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Abstract: The Anthropocene era is characterized by a pronounced negative impact of human and social activities on natural ecosystems. To the extent finance, economics and management underlie human social activities, we need to reassess these fields and their role in achieving global sustainability. This article briefly presents the scientific evidence on accelerating impacts of human activities on nature, which have resulted in breach of planetary boundaries and onset of global climate change. It offers some potential leverage points for change toward sustainability stewardship by highlighting the important role of finance and economics in addressing climate change. We examine the role of financial stakeholders in addressing planetary boundaries and offer a modified stakeholder theory, from which we propose future directions for finance in the Anthropocene.

Keywords: Anthropocene; planetary boundaries; stakeholder theory; sustainability; theory of the firm (search for similar items in EconPapers)
Date: 2019-02-12
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Citations: View citations in EconPapers (7)

Published in Organization and Environment, 2019, 32 (1), pp.26-40. ⟨10.1177/1086026619831451⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02056016

DOI: 10.1177/1086026619831451

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