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The Space Value of Money: Rethinking Finance Beyond Risk & Time

Autor Armen V. Papazian
en Limba Engleză Hardback – 4 sep 2022
The Space Value of Money introduces a fresh and innovative perspective on sustainability and finance. It expands our financial value framework, heretofore built around risk and time, by factoring in space, as an analytical dimension and our physical context. The proposed principle and metrics entrench our responsibility for space impact into our value equations, making finance inherently sustainable and acting as a theoretical bridge between core finance theory and the growing field of sustainable finance or ESG integration. The book offers a novel approach to value design, measurement, and creation, discussing the theoretical, mathematical, institutional, technological and data elements of the transformation.

The Space Value of Money principle and metrics offer us the opportunity to adjust our financial value framework and transform human productivity in line with our sustainability targets. They also enable the design and engineering of the financialinstruments that can help us address our evolutionary challenges/investment, like the transition to Net Zero.

“Every once in a while, a book comes along that makes a fundamental contribution that is both profound and practical. A book that every member of the National Space Council, including the NASA Administrator and the Space Force chief of space operations should read. The Space Value of Money will be of interest to ESG and impact investors, government regulators, financial theorists, and outer space enthusiasts.” —Lt Col Peter Garretson, Senior Fellow in Defense Studies at the American Foreign Policy Council

“No doubt, the pressing environmental challenges we face make the concept of the space impact of investments even more compelling.” —Dr. Pascal Blanqué, Chairman of Amundi Institute, Former Group CIO of Amundi Asset Management

“The Space Value of Money brings much needed conceptual rigour, whilst further advocating the case for a new paradigm shift in financial valuation. This work gives us the lasting frameworks that aggregate impact across all spatial dimensions. Dr. Papazian culminates over ten years of research in this rich book, providing the springboard for further innovation and system implementation in this area.” —Domenico Del Re, Director, Sustainability and Climate Change, PwC

“Enthralling and captivating. Papazian offers a clear, thorough, and comprehensive discussion. The Space Value of Money gives us an opportunity to reframe our thinking and to explore what is possible. A great read!” —Daud Vicary, Founding Trustee of the Responsible Finance and Investment Foundation

“Armen has developed a novel way to create financial models that are better suited to dealing with the many parameters required if we are to properly consider environmental factors and sustainability in economics and finance. I have found this engaging andlook forward to seeing its future use.” —Dr. Keith Carne, First Bursar, King’s College, Cambridge University
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Specificații

ISBN-13: 9781137594877
ISBN-10: 113759487X
Pagini: 255
Ilustrații: XXIX, 255 p. 39 illus., 29 illus. in color.
Dimensiuni: 155 x 235 x 23 mm
Greutate: 0.58 kg
Ediția:1st ed. 2022
Editura: Palgrave Macmillan UK
Colecția Palgrave Macmillan
Locul publicării:London, United Kingdom

Cuprins

Chapter 1. Introduction.- Chapter 2. Finance: A Value Paradigm and Equations without Space.- Chapter 3. Sustainable Finance: A Framework Without Value Equations.- Chapter 4. The Missing Principle: Space Value of Money.- Chapter 5. Quantifying Space Impact.- Chapter 6. Integrating Impact into Value.- Chapter 7. The Algorithms of Sustainable Finance.- Chapter 8. Sustainable Money Mechanics in Space.- Chapter 9. Conclusion.

Notă biografică

Armen V. Papazian is a financial economist, a visionary thinker and innovator. He is a former stock exchange executive, investment banker, lecturer in finance, consultant, and researcher.  He is the author of numerous articles and thought leadership contributions across professional and academic publications and global media. He earned his PhD at the University of Cambridge, Judge Business School, King’s College Cambridge.

Textul de pe ultima copertă

“Every once in a while, a book comes along that makes a fundamental contribution that is both profound and practical. A book that every member of the National Space Council, including the NASA Administrator and the Space Force chief of space operations should read. The Space Value of Money will be of interest to ESG and impact investors, government regulators, financial theorists, and outer space enthusiasts.” —Lt Col Peter Garretson, Senior Fellow in Defense Studies at the American Foreign Policy Council

“No doubt, the pressing environmental challenges we face make the concept of the space impact of investments even more compelling.” —Dr. Pascal Blanqué, Chairman of Amundi Institute, Former Group CIO of Amundi Asset Management

“The Space Value of Money brings much needed conceptual rigour, whilst further advocating the case for a new paradigm shift in financial valuation. This work gives us the lasting frameworks that aggregate impact acrossall spatial dimensions. Dr. Papazian culminates over ten years of research in this rich book, providing the springboard for further innovation and system implementation in this area.” —Domenico Del Re, Director, Sustainability and Climate Change, PwC

“Enthralling and captivating. Papazian offers a clear, thorough, and comprehensive discussion. The Space Value of Money gives us an opportunity to reframe our thinking and to explore what is possible. A great read!” —Daud Vicary, Founding Trustee of the Responsible Finance and Investment Foundation

“Armen has developed a novel way to create financial models that are better suited to dealing with the many parameters required if we are to properly consider environmental factors and sustainability in economics and finance. I have found this engaging and look forward to seeing its future use.” —Dr. Keith Carne, First Bursar, King’s College, Cambridge University

TheSpace Value of Money introduces a fresh and innovative perspective on sustainability and finance. It expands our financial value framework, heretofore built around risk and time, by factoring in space, as an analytical dimension and our physical context. The proposed principle and metrics entrench our responsibility for space impact into our value equations, making finance inherently sustainable and acting as a theoretical bridge between core finance theory and the growing field of sustainable finance. The book offers a novel approach to value design, measurement, and creation, discussing the theoretical, mathematical, institutional, technological and data elements of the transformation. The space value framework enables the financial instruments that can help us address our evolutionary challenges/investments, like the transition to Net Zero.

Armen V. Papazian is a financial economist, a visionary thinker and innovator. He is a former stock exchange executive, investment banker, lecturer in finance, consultant, and researcher. He earned his PhD at the University of Cambridge, Judge Business School, King’s College Cambridge.

Caracteristici

Presents new thinking on sustainability in finance and investment going beyond ESG integration Offers a new framework for the measurement and integration of impact into investment modelling and valuation Introduces space, as an analytical dimension and our physical context, into core finance theory and practice