The relevance of the sustainable finance paradigm in the EAEU financial market's strategy development

Research output

Abstract

The financial market is the most important economic mechanism that supports the development of real economy and contributes to the improvement of the society's welfare. Traditional views on the role of the financial market in the economy appeal to the theory of financial development primacy. However, in recent years it has become increasingly clear that this theory is not able to reflect the diversity of new global challenges associated with the depletion of natural resources. The traditional demands of the consumer society are replaced by a gradual awareness of environmental responsibility in its broader sense, which correlates with sustainable development goals adopted for all countries of the world. Therefore, the research addresses the sustainable development of the EAEU financial market as a driver of the Eurasian integration, revealing three key issues: the essence of the sustainable finance; essential features of the EAEU countries' financial markets and the role of the Russian market as a driving force of the integration; current trends in the development of a strategy for forming the common EAEU financial market. The paper shows that the EAEU financial integration strategy should be analyzed and recommendations for its development should be offered taking into account the sustainable finance paradigm as an open window of opportunities.

Original languageEnglish
Title of host publicationProceedings of the 33rd International Business Information Management Association Conference, IBIMA 2019
Subtitle of host publicationEducation Excellence and Innovation Management through Vision 2020
EditorsKhalid S. Soliman
PublisherIBIMA
Pages2933-2941
Number of pages9
ISBN (Electronic)9780999855126
Publication statusPublished - 1 Jan 2019
Event33rd International Business Information Management Association Conference: Education Excellence and Innovation Management through Vision 2020, IBIMA 2019 - Granada
Duration: 10 Apr 201911 Apr 2019

Publication series

NameProceedings of the 33rd International Business Information Management Association Conference, IBIMA 2019: Education Excellence and Innovation Management through Vision 2020

Conference

Conference33rd International Business Information Management Association Conference: Education Excellence and Innovation Management through Vision 2020, IBIMA 2019
CountrySpain
CityGranada
Period10/04/1911/04/19

Fingerprint

Finance
Sustainable development
Natural resources
Financial markets
Strategy development
Market strategy
Paradigm
Economics

Scopus subject areas

  • Business and International Management
  • Management of Technology and Innovation

Cite this

Lvova, N. A., Voronova, N. S., & Ivanov, V. V. (2019). The relevance of the sustainable finance paradigm in the EAEU financial market's strategy development. In K. S. Soliman (Ed.), Proceedings of the 33rd International Business Information Management Association Conference, IBIMA 2019: Education Excellence and Innovation Management through Vision 2020 (pp. 2933-2941). (Proceedings of the 33rd International Business Information Management Association Conference, IBIMA 2019: Education Excellence and Innovation Management through Vision 2020). IBIMA.
Lvova, Nadezhda A. ; Voronova, Natalya S. ; Ivanov, Viktor V. / The relevance of the sustainable finance paradigm in the EAEU financial market's strategy development. Proceedings of the 33rd International Business Information Management Association Conference, IBIMA 2019: Education Excellence and Innovation Management through Vision 2020. editor / Khalid S. Soliman. IBIMA, 2019. pp. 2933-2941 (Proceedings of the 33rd International Business Information Management Association Conference, IBIMA 2019: Education Excellence and Innovation Management through Vision 2020).
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abstract = "The financial market is the most important economic mechanism that supports the development of real economy and contributes to the improvement of the society's welfare. Traditional views on the role of the financial market in the economy appeal to the theory of financial development primacy. However, in recent years it has become increasingly clear that this theory is not able to reflect the diversity of new global challenges associated with the depletion of natural resources. The traditional demands of the consumer society are replaced by a gradual awareness of environmental responsibility in its broader sense, which correlates with sustainable development goals adopted for all countries of the world. Therefore, the research addresses the sustainable development of the EAEU financial market as a driver of the Eurasian integration, revealing three key issues: the essence of the sustainable finance; essential features of the EAEU countries' financial markets and the role of the Russian market as a driving force of the integration; current trends in the development of a strategy for forming the common EAEU financial market. The paper shows that the EAEU financial integration strategy should be analyzed and recommendations for its development should be offered taking into account the sustainable finance paradigm as an open window of opportunities.",
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Lvova, NA, Voronova, NS & Ivanov, VV 2019, The relevance of the sustainable finance paradigm in the EAEU financial market's strategy development. in KS Soliman (ed.), Proceedings of the 33rd International Business Information Management Association Conference, IBIMA 2019: Education Excellence and Innovation Management through Vision 2020. Proceedings of the 33rd International Business Information Management Association Conference, IBIMA 2019: Education Excellence and Innovation Management through Vision 2020, IBIMA, pp. 2933-2941, Granada, 10/04/19.

The relevance of the sustainable finance paradigm in the EAEU financial market's strategy development. / Lvova, Nadezhda A.; Voronova, Natalya S.; Ivanov, Viktor V.

Proceedings of the 33rd International Business Information Management Association Conference, IBIMA 2019: Education Excellence and Innovation Management through Vision 2020. ed. / Khalid S. Soliman. IBIMA, 2019. p. 2933-2941 (Proceedings of the 33rd International Business Information Management Association Conference, IBIMA 2019: Education Excellence and Innovation Management through Vision 2020).

Research output

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N2 - The financial market is the most important economic mechanism that supports the development of real economy and contributes to the improvement of the society's welfare. Traditional views on the role of the financial market in the economy appeal to the theory of financial development primacy. However, in recent years it has become increasingly clear that this theory is not able to reflect the diversity of new global challenges associated with the depletion of natural resources. The traditional demands of the consumer society are replaced by a gradual awareness of environmental responsibility in its broader sense, which correlates with sustainable development goals adopted for all countries of the world. Therefore, the research addresses the sustainable development of the EAEU financial market as a driver of the Eurasian integration, revealing three key issues: the essence of the sustainable finance; essential features of the EAEU countries' financial markets and the role of the Russian market as a driving force of the integration; current trends in the development of a strategy for forming the common EAEU financial market. The paper shows that the EAEU financial integration strategy should be analyzed and recommendations for its development should be offered taking into account the sustainable finance paradigm as an open window of opportunities.

AB - The financial market is the most important economic mechanism that supports the development of real economy and contributes to the improvement of the society's welfare. Traditional views on the role of the financial market in the economy appeal to the theory of financial development primacy. However, in recent years it has become increasingly clear that this theory is not able to reflect the diversity of new global challenges associated with the depletion of natural resources. The traditional demands of the consumer society are replaced by a gradual awareness of environmental responsibility in its broader sense, which correlates with sustainable development goals adopted for all countries of the world. Therefore, the research addresses the sustainable development of the EAEU financial market as a driver of the Eurasian integration, revealing three key issues: the essence of the sustainable finance; essential features of the EAEU countries' financial markets and the role of the Russian market as a driving force of the integration; current trends in the development of a strategy for forming the common EAEU financial market. The paper shows that the EAEU financial integration strategy should be analyzed and recommendations for its development should be offered taking into account the sustainable finance paradigm as an open window of opportunities.

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PB - IBIMA

ER -

Lvova NA, Voronova NS, Ivanov VV. The relevance of the sustainable finance paradigm in the EAEU financial market's strategy development. In Soliman KS, editor, Proceedings of the 33rd International Business Information Management Association Conference, IBIMA 2019: Education Excellence and Innovation Management through Vision 2020. IBIMA. 2019. p. 2933-2941. (Proceedings of the 33rd International Business Information Management Association Conference, IBIMA 2019: Education Excellence and Innovation Management through Vision 2020).