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.
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
Armen V. Papazian is a financial economist, board director, consultant, and author of The Space Value of Money: Rethinking Finance Beyond Risk & Time.
Chapter 1. Introduction.- Chapter 2. The Risk and Time Value of Money.- Chapter 3. Sustainability in Finance: Frameworks, Standards and Scores.- Chapter 4. The Space Value of Money.- Chapter 5. Implications for Money Mechanics.- Chapter 6 Conclusion.
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Hardwiring Sustainability into Financial Mathematics