Abstract
Sustainable finance is not the same as green finance understood as financing a low-carbon economy. It is a broader concept that focuses on the importance of long-term investments that include environmental, social, and governance factors. Owing to these long-term investments, the financial system develops in a harmonious way, serving sustainable economic growth. One of the obstacles that stand in the way of long-term investments is short-termism: the focus of managers and investors on the short time horizon, prioritizing a near-time shareholder interest over the long-term growth of the company. This characteristic feature of modern financial markets is seen as a suboptimal state that prevents companies from reaching their full potential and the goals of sustainable development. The aim of this comparative study across EU countries is to examine whether the abolition of the quarterly reporting requirement by public companies domiciled in selected EU member states resulted in companies withdrawing from the publication of quarterly reports.
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Janicka, M., Sajnóg, A., Sosnowski, T. (2021). Short-termism—The Causes and Consequences for the Sustainable Development of the Financial Markets. In: Leal Filho, W., Krasnov, E.V., Gaeva, D.V. (eds) Innovations and Traditions for Sustainable Development. World Sustainability Series. Springer, Cham. https://doi.org/10.1007/978-3-030-78825-4_29
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