Environmental, social and governance investment standardization: moving towards sustainable economy

This paper is devoted to the investigation of environmental, social and governance investment (investment with ESG criterion) normative base in the context of standardization process in sustainable economy financing. Complexity of such standardization and the lack of commonly accepted regulations, indexes metrics are under discussions of scholars, which encourage the need for clear guidance in ESG investment. 651 sustainability rating products and more than 300 investment policy instruments in different countries show the need for classifying the ESG standards. The solution of this scientific and practical task is based on the developed ESG investment standards system classifications. Proposed classification incorporates such criteria as level of standards adoption, mandatory degree, sectorial specificity, degree of companies’ awareness of responsible activity, ensuring transparency and the benchmarks formation, creating the institutional support of the ESG investment standardization process in sustainable economy and making more grounded investment and regulatory decisions.

Download Full-text

Policy Instruments for a Sustainable Economy

Economy & Environment - Economic Policies for Sustainable Development ◽

10.1007/978-94-011-0832-4_1 ◽

1994 ◽

pp. 1-19 ◽

Cited By ~ 1

Author(s):

Thomas Sterner

Keyword(s):

Policy Instruments ◽

Sustainable Economy

Download Full-text

Guarding the For(es)t: Sustainable economy conflicts and stakeholder preference of policy instruments

Forest Policy and Economics ◽

10.1016/j.forpol.2021.102553 ◽

2021 ◽

Vol 131 ◽

pp. 102553

Author(s):

Tamaki Ohmura ◽

Leonard Creutzburg

Keyword(s):

Policy Instruments ◽

Sustainable Economy

Download Full-text

The Regulatory State

The Oxford Handbook of Regulation ◽

10.1093/oxfordhb/9780199560219.003.0004 ◽

2010 ◽

pp. 63-84 ◽

Cited By ~ 11

Author(s):

Karen Yeung

Keyword(s):

Social Activity ◽

Policy Instruments ◽

Regulatory State ◽

Institutional Form ◽

The Usa ◽

Regulatory Development ◽

Political Dimensions ◽

The Uk ◽

Regulatory Decisions ◽

Core Characteristics

This article examines the main features of the regulatory state and considers some of the explanations that seek to account for its emergence. It begins by exploring the core characteristics that are claimed to define the regulatory state, focusing on changes in institutional form, functional mission, and policy instruments employed by the state to guide and stimulate economic and social activity. Secondly, it considers some of the explanations that have been offered to explain its emergence. Thirdly, it explores the paths of regulatory development in two other locations that are frequently labelled as regulatory states — the USA and the UK. Accordingly, the fourth section of this article touches upon various attempts to reconcile the apparent tension between the image of regulation as a technocratic, apolitical process in pursuit of economic efficiency, and recognition that regulatory decisions invariably have political dimensions, and therefore require democratic legitimation.

Download Full-text

An outline of psychoanalysis (1940). Part II. The practical task. Chapter VI: The technique of psychoanalysis

PsycEXTRA Dataset ◽

10.1037/e417472005-628 ◽

1971 ◽

Author(s):

Sigmund Freud

Keyword(s):

Practical Task

Download Full-text

PFI OECD - Framework for Strong investment Policy

Voprosy Ekonomiki ◽

10.32609/0042-8736-2015-10-151-156 ◽

2015 ◽

pp. 151-156

Author(s):

A. Koval

Keyword(s):

Sustainable Development ◽

Foreign Direct Investment ◽

Direct Investment ◽

Comprehensive Approach ◽

Investment Policy ◽

Policy Framework ◽

Investment Climate ◽

Systematic Monitoring ◽

Investment Tool ◽

National Investment

The improving investment climate objective requires a comprehensive approach to the regulatory framework enhancement. Policy Framework for Investment (PFI) is a significant OECD’s investment tool which makes possible to identify the key obstacles to the inflow foreign direct investment and to determine the main measures to overcome them. Using PFI by Russian authorities would allow a systematic monitoring of the national investment policy and also take steps to improve the effectiveness of sustainable development promotion regulations.

Download Full-text

Macroprudential Policy Instruments of Central Banks

Voprosy Ekonomiki ◽

10.32609/0042-8736-2012-8-32-47 ◽

2012 ◽

pp. 32-47

Author(s):

S. Andryushin ◽

V. Kuznetsova

Keyword(s):

Systemic Risk ◽

Financial Stability ◽

Financial System ◽

Policy Instruments ◽

Central Banks ◽

Macroprudential Policy ◽

Policy Studies ◽

The Future ◽

Financial Cycles

The paper analyzes central banks macroprudencial policy and its instruments. The issues of their classification, option, design and adjustment are connected with financial stability of overall financial system and its specific institutions. The macroprudencial instruments effectiveness is evaluated from the two points: how they mitigate temporal and intersectoral systemic risk development (market, credit, and operational). The future macroprudentional policy studies directions are noted to identify the instruments, which can be used to limit the financial systemdevelopment procyclicality, mitigate the credit and financial cycles volatility.

Download Full-text

Tax competition and the activity of the regional tax policy

Voprosy Ekonomiki ◽

10.32609/0042-8736-2020-10-5-27 ◽

2020 ◽

pp. 5-27

Author(s):

S. M. Drobyshevsky ◽

N. S. Kostrykina ◽

A. V. Korytin

Keyword(s):

Tax Competition ◽

Tax Policy ◽

Fiscal Federalism ◽

Policy Instruments ◽

Tax Incentives ◽

Fiscal Autonomy ◽

Tax Legislation ◽

Tax Exemptions ◽

Open Question ◽

Regional Budgets

The problem of efficiency of regional tax expenditures is an actual issue of the fiscal policy and fiscal federalism in Russia. A large fiscal autonomy allows federal subjects to realize a more active tax policy to attract new investments. One cannot claim current fiscal powers of the Russian regions to be wide. However, not all the regions use even existing tax policy instruments. Moreover, out of the regions that use them only few provide incentives to stimulate investment decisions. Others use regional tax measures to support businesses that already have strong positions in the region. And it is an open question whether such tax incentives are efficient. On the other hand, an aggressive tax competition for investors can also be wasteful for regional budgets. In this paper, we calculate indicators that characterize the depth and scope of tax exemptions provided at the regional level. The calculations are based on the open tax statistics. Through the analysis of the tax legislation as well as the economic structure of selected regions, we reveal the inducements of their higher activity: federal regional tax policy, tax competition or benefits for budget-forming companies of the region.

Download Full-text