Financement participatif de l’entrepreneuriat durable : une théorie postmoderne du portefeuille de Markowitz (notice n° 757000)
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fixed length control field | 03656cam a2200313 4500500 |
005 - DATE AND TIME OF LATEST TRANSACTION | |
control field | 20250123100658.0 |
041 ## - LANGUAGE CODE | |
Language code of text/sound track or separate title | fre |
042 ## - AUTHENTICATION CODE | |
Authentication code | dc |
100 10 - MAIN ENTRY--PERSONAL NAME | |
Personal name | Giacomoni, Gilbert |
Relator term | author |
245 00 - TITLE STATEMENT | |
Title | Financement participatif de l’entrepreneuriat durable : une théorie postmoderne du portefeuille de Markowitz |
260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
Date of publication, distribution, etc. | 2023.<br/> |
500 ## - GENERAL NOTE | |
General note | 52 |
520 ## - SUMMARY, ETC. | |
Summary, etc. | La Finance durable prend en compte à un degré ou un autre, les considérations environnementales, sociales et de gouvernance dans les décisions d’investissement. Elle se veut au service du bien commun, mais se heurte à un vide théorique : le concept fondationnel d’utilité commune n’est pas défini et ne peut être manié économiquement. Par défaut, ce qui concerne le bien commun est extra-financier, non averti (i.e. non-professionnel), voire en dehors des circuits bancaires institutionnels, à l’instar du crowdfunding. L’objet de l’article est de modéliser, sous l’angle de l’économie comportementale, les raisonnements et les comportements décisionnels des financeurs avertis et non avertis, sur une base théorique unifiée, l’utilité commune mesurant la satisfaction (vs insatisfaction) ou le bien-être (vs mal-être) que le plus grand nombre retire de la consommation ou de l’obtention de bien commun par un petit nombre. Elle se comprend dès lors de manière relative, comme une utilité originelle, d’un temps où cela participait de la survie de l’espèce et où la propriété n’avait pas encore commencé à menacer le bien commun et causé sa chute (Tragedy of the commons). Son couplage avec la théorie moderne du portefeuille de Markowitz en donne une version postmoderne, au service d’une finance durable et qui a fait l’objet d’expérimentations en entrepreneuriat durable. |
520 ## - SUMMARY, ETC. | |
Summary, etc. | Sustainable finance integrates, to one degree or another, environmental, social and governance considerations into investment decisions. It works for the common good but faces a theoretical gap: the foundational concept of common utility makes no economic sense. By default, common good relates to extra-financial reporting, not-sophisticated investors and outside banking channels trading (such as crowdfunding). The intent of the paper is, from a behavioral economics perspective, to model the reasoning and decision behaviors of both sophisticated and not-sophisticated investors, while common utility measures the satisfaction (vs dissatisfaction) or welfare (vs discomfort) that the greatest number finds in the consumption or the obtaining of the common good by a small number. Common utility can therefore be understood relatively, as an original utility at stake at a time when it ensured the survival of mankind and when property had not yet begun to threaten the common good and cause its downfall (Tragedy of the commons). Its coupling with Markowitz’s modern portfolio theory gives a postmodern version of it, at the service of sustainable finance and with experiments in sustainable entrepreneurship. |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | risque-rendement |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | Utilité commune |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | entrepreneuriat durable |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | finance durable |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | bien commun |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | financement participatif |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | Common utility |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | Crowdfunding |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | Sustainable entrepreneurship |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | Sustainable finance |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | Common good |
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
Topical term or geographic name as entry element | Risk-return |
786 0# - DATA SOURCE ENTRY | |
Note | Management & Sciences Sociales | 35 | 2 | 2023-12-13 | p. 164-183 | 1952-3262 |
856 41 - ELECTRONIC LOCATION AND ACCESS | |
Uniform Resource Identifier | <a href="https://shs.cairn.info/revue-management-et-sciences-sociales-2023-2-page-164?lang=fr&redirect-ssocas=7080">https://shs.cairn.info/revue-management-et-sciences-sociales-2023-2-page-164?lang=fr&redirect-ssocas=7080</a> |
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