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dc.contributor.authorAhlström, H
dc.contributor.authorMonciardini, D
dc.date.accessioned2021-04-08T08:52:55Z
dc.date.issued2021-02-24
dc.description.abstractThe financial sector has seen a transformation towards ‘sustainable’ finance particularly in Europe, driven also by unprecedented regulatory reforms. At the same time, many are sceptical about the real impact of these reforms, fearing that they are triggering a paradoxical financialisation of sustainability. Building on recent research on institutional logics and institutional fields formation, we examine changes in the EU regulatory dynamics as characterised by shifts in framing the relationship between sustainability and finance. Deploying a longitudinal approach (2009–2019), consisting of archival data and semi-structured interviews, we explore the development of EU sustainable finance regulation as an extended, interactive and contested process. Specifically, we suggest that regulatory dynamics depend on the hybrid configuration of the social constituencies supporting sustainable finance reforms and on shifts in the overall prevalence of the financial logic in society. Our paper sheds light on the inherent contradictions and limitations of sustainable finance as a means for transformative sustainability reforms.en_GB
dc.description.sponsorshipEuropean Union Horizon 2020en_GB
dc.identifier.citationPublished online 24 February 2021en_GB
dc.identifier.doi10.1007/s10551-021-04763-x
dc.identifier.grantnumber693642en_GB
dc.identifier.urihttp://hdl.handle.net/10871/125301
dc.language.isoenen_GB
dc.publisherSpringeren_GB
dc.rights.embargoreasonUnder embargo until 24 February 2022 in compliance with publisher policyen_GB
dc.rights© The Author(s), under exclusive licence to Springer Nature B.V. part of Springer Nature 2021en_GB
dc.subjectSustainable financeen_GB
dc.subjectResponsible investorsen_GB
dc.subjectCivil societyen_GB
dc.subjectInstitutional logicsen_GB
dc.subjectEU policyen_GB
dc.titleThe Regulatory Dynamics of Sustainable Finance: Paradoxical Success and Limitations of EU Reformsen_GB
dc.typeArticleen_GB
dc.date.available2021-04-08T08:52:55Z
dc.identifier.issn0167-4544
dc.descriptionThis is the author accepted manuscript. The final version is available from Springer via the DOI in this recorden_GB
dc.identifier.journalJournal of Business Ethicsen_GB
dc.rights.urihttp://www.rioxx.net/licenses/all-rights-reserveden_GB
dcterms.dateAccepted2021-02-03
rioxxterms.versionAMen_GB
rioxxterms.licenseref.startdate2021-02-24
rioxxterms.typeJournal Article/Reviewen_GB
refterms.dateFCD2021-04-08T08:50:58Z
refterms.versionFCDAM
refterms.panelCen_GB


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