Tyumen, Russian Federation RESPONSIBLE INVESTING AS AN ECONOMIC INSTITUTE
D. V. Ovechkin
Tyumen State University, Tyumen, Russian Federation
Keywords: responsible investing, green finance, ESG rating, sustainable development
Abstract
Responsible investment is a trend in the development of the world economy. Russia’s lagging behind the trend can lead to negative effects on the economy. The article examines the formation of responsible investment as an economic institution. An institutional-evolutionary approach based on the principles of variability, selection and heredity of conditions, rules, norms and restrictions of economic activity is applied. It is shown that the institutionalization of responsible investment can be the result of not only external influence on economic agents, but also the result of their independent activity. In this regard, the regulator should pay attention to the problem of information asymmetry, which prevents the spread of responsible investment in the activities of economic agents and its subsequent institutionalization.
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