Corporate citizenship, stakeholder management and Sustainable Development Goals (SDGs) in financial institutions and capital markets

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

Purpose–The aim of this theoretical and conceptual research paper is to give a definition of the concept ofcorporate citizenship, which together with business ethics and stakeholder management function as foundation ofa vision of the UN Sustainable Development Goals (SDGs) for financial institutions and capital markets.
Design/methodology/approach–This paper is based on a conceptual methodology which analyzes the mainaspectsof corporate citizenship withregard stakeholder management and the UN SDGs.Inparticular there is focuson stakeholder justice, integrity and fairness with regard to stakeholder responsibility at capital markets.
Findings–This paper suggests that concepts of corporate citizenship, business ethics, stakeholder justice,integrity and fairness, as well as stakeholder responsibility must be conceived as the basis for an acceptablevision of sustainable development at capital markets.
Research limitations/implications–This paper is a theoretical paper so the paper is limited to thepresentation of major concepts from the point of view of business ethics, stakeholder management and SDGs.This is a framework that needs to be developed in specific research and investment practice at capital markets.
Practical implications–This paper provides the basis for developing a good vision of SDGs in financialinstitutions and capital markets and it demonstrates that the SDGs must be developed as the foundation of ethics of investments and capital markets.
Social implications–With suggestions of visions of corporate citizenship, business ethics and stakeholdermanagement this paper situates the firm in a social context as a social actor in the context of sustainabledevelopment. The business firm is therefore integrated in society and there is a close connection between businessand society which needs to be developed in codes and values of ethics of financial institutions capital markets.
Originality/value–The originality and value of this paper is a conceptual formulation of the relation betweenthe concepts of corporate citizenship, business ethics, stakeholder management and SDGs in financial markets.With this the paper refers to earlier research and summarizes concepts from this in a short synthesis.
Original languageEnglish
JournalJournal of Capital Markets Studies
Volume4
Issue number1
Pages (from-to)47-59
ISSN2514-4774
DOIs
Publication statusPublished - 2020

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