Overview
- Addresses the necessity to hardwire sustainability into our equations of value and return
- Offers new equations that quantify and integrate the space impact of cash flows in their valuation
- Discusses the implications of a transformed value framework for money mechanics and the funding of the transition
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Table of contents (6 chapters)
Keywords
About this book
A ground-breaking work that addresses a crucial challenge facing our planet and the finance discipline, this book discusses key omissions in finance theory, principles, and equations, and explores recent developments in sustainable finance/ESG integration. It reveals a spaceless analytical framework and a sustainability debate that avoids the very logic of money creation. A theoretical treatise on sustainability in finance, the book makes the case for the hardwiring of sustainability into financial mathematics, offering a complementary principle and new equations for the purpose, while also discussing the implications of such a transformation for money mechanics.
Reviews
“Dr. Papazian’s Space Value of Money concept addresses sustainability in microeconomics and macroeconomics—it critically updates and accounts for the additional dimension. This should be compulsory reading for all students of finance and investing.”
—Eoin Murray, Head of Investment, Federated Hermes Limited
“At a time when the climate crisis drives home the point for urgent action, and ESG measurements have come under intense scrutiny, one can hardly overstate the importance of this book. Rigorous and comprehensive, it offers an investment impact measurement methodology and answers the key financial question of our times: how can we fund the transition to a sustainable world? A finance handbook for the future.”
—Dr. Matteo Cominetta, Head of Macroeconomic Research, Barings LLC
“In the bewildering and ever-swelling sea of acronyms that now covers the world of sustainable finance, Dr. Armen Papazian’s laser-like focus on the financial mathematics of investment value and return is a most welcome addition to the profession’s navigation skills.”
—George Littlejohn, Senior Adviser, Chartered Institute for Securities & Investment
“This is a brave book—it highlights inconvenient truths about the financial mathematics of investment that guides the global flow of capital and offers thought through solutions. It is a must read for anyone concerned with planetary sustainability.”
—Adrian Webb, Founder & Director, Space Value Foundation
Authors and Affiliations
About the author
Armen V. Papazian is a financial economist, board director, consultant, and author of The Space Value of Money: Rethinking Finance Beyond Risk & Time.
Bibliographic Information
Book Title: Hardwiring Sustainability into Financial Mathematics
Book Subtitle: Implications for Money Mechanics
Authors: Armen V. Papazian
DOI: https://doi.org/10.1007/978-3-031-45689-3
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023
Hardcover ISBN: 978-3-031-45688-6Published: 12 November 2023
Softcover ISBN: 978-3-031-45691-6Due: 13 December 2023
eBook ISBN: 978-3-031-45689-3Published: 11 November 2023
Edition Number: 1
Number of Pages: XXVII, 144
Number of Illustrations: 6 b/w illustrations, 12 illustrations in colour
Topics: Business Finance, Sustainable Development, Investment Appraisal, Macroeconomics/Monetary Economics//Financial Economics, Risk Management, Risk Management