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An Alternative Finance Approach for a More Sustainable Financial System

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Designing a Sustainable Financial System

Abstract

Alternative finance represents a small but interesting field of research. Concepts such as “alternative financing instruments”, alternative financing channels and “alternative forms of finance” can be found in the recent literature with increasing frequency. Despite all this attention and activities in this field, extant knowledge is fragmented, and various deficiencies exist. Moving from these considerations, the main aims of this chapter are (i) to explore the domain of “alternative finance”; (ii) to map and to assess the intellectual territory of this research field; (iii) to provide a critical analysis of the current state of the art in this new finance approach through the analysis of the ontological, epistemological and methodological issues posed in academia and (iv) to identify and discuss the main emerging streams of research. This chapter also contributes to the ongoing debate on the role of alternative finance for a more sustainable financial system by exploring new concepts, instruments and dynamics of the alternative finance in the service of human welfare and dignity.

This chapter is the result of collaboration between the authors. In particular, Dr. Rosella Carè contributed to the following Sects. 2.2, 2.2.1, 2.2.2, 2.3, 2.3.2, 2.3.3, 2.3.7, 2.3.9, 2.4 and 2.5; Prof. Dr. Annarita Trotta contributed to the Sects. 2.1, 2.3.1 and 2.3.8. Finally, Dr. Alessandro Rizzello contributed to the Sects. 2.3.4, 2.3.5, 2.3.6 and 2.6.

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Acknowledgments

The authors thank the Editors—Professor Thomas Walker, Professor Stefanie Kibsey and Professor Rohan Crichton—for the opportunity to contribute to this book. They also wish to extend their gratitude to the anonymous reviewers for their important contributions and useful comments.

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  1. Department of Legal, Historical, Economic and Social Sciences, University Magna Graecia of Catanzaro, Catanzaro, Italy

    Rosella Carè, Annarita Trotta & Alessandro Rizzello

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  1. David O’Brien Centre for Sustainable Enterprise, Concordia University, John Molson School of Business, Montreal, QC, Canada

    Thomas Walker

  2. David O’Brien Centre for Sustainable Enterprise, Concordia University, John Molson School of Business, Montreal, QC, Canada

    Stéfanie D. Kibsey

  3. David O’Brien Centre for Sustainable Enterprise, Concordia University, John Molson School of Business, Montreal, QC, Canada

    Rohan Crichton

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Carè, R., Trotta, A., Rizzello, A. (2018). An Alternative Finance Approach for a More Sustainable Financial System. In: Walker, T., Kibsey, S.D., Crichton, R. (eds) Designing a Sustainable Financial System. Palgrave Studies in Sustainable Business In Association with Future Earth. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-66387-6_2

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