David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 76 (3):243 - 252 (2007)
Most studies into the performance of socially responsible investment vehicles have focused on the performance of sustainable or socially responsible mutual funds. This research has been complemented recently by a number of studies that have examined the performance of sustainable investment indices. In both cases, the majority of studies have concluded that the returns of socially responsible investment vehicles have either underperformed, or failed to outperform, comparable market indices. Although the impact of sustainable indices to date has been limited, the recent launch of sustainable indices by Dow Jones and FTSE suggests that more attention is being paid to the subject by financial markets, investors, and companies. This development raises a number of important issues which are reviewed in this article: (a) the performance of indices compared with their benchmark indices; (b) the methodologies employed in compiling the indices; and (c) the impact of the indices on companies and the investment community. The article concludes with a number of suggestions for areas that merit future research.
|Keywords||CSR SRI sustainable indices sustainable investing sustainable mutual funds|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
Steve Schueth (2003). Socially Responsible Investing in the United States. Journal of Business Ethics 43 (3):189 - 194.
Lorne S. Cummings (2000). The Financial Performance of Ethical Investment Trusts: An Australian Perspective. [REVIEW] Journal of Business Ethics 25 (1):79 - 92.
Pietra Rivoli (2003). Making a Difference or Making a Statement? Finance Research and Socially Responsible Investment. Business Ethics Quarterly 13 (3):271-287.
Donald H. Schepers (2003). A Critique of Social Investing's Diversity Measures. Business and Society Review 108 (4):487-508.
[author unknown] (1997). Is There a Cost to Being Socially Responsible in Investing? Business Ethics: The Magazine of Corporate Responsibility 11 (1):26-26.
Citations of this work BETA
Ioanna Boulouta (2013). Hidden Connections: The Link Between Board Gender Diversity and Corporate Social Performance. [REVIEW] Journal of Business Ethics 113 (2):185-197.
Cory Searcy (2012). Corporate Sustainability Performance Measurement Systems: A Review and Research Agenda. [REVIEW] Journal of Business Ethics 107 (3):239-253.
Michael Robinson, Anne Kleffner & Stephanie Bertels (2011). Signaling Sustainability Leadership: Empirical Evidence of the Value of DJSI Membership. [REVIEW] Journal of Business Ethics 101 (3):493-505.
Isabel Costa Lourenço, Jeffrey Lawrence Callen, Manuel Castelo Branco & José Dias Curto (2014). The Value Relevance of Reputation for Sustainability Leadership. Journal of Business Ethics 119 (1):17-28.
Ioanna Boulouta & Christos N. Pitelis (2013). Who Needs CSR? The Impact of Corporate Social Responsibility on National Competitiveness. Journal of Business Ethics 119 (3):1-16.
Similar books and articles
Danielle E. Warren & William S. Laufer (2009). Are Corruption Indices a Self-Fulfilling Prophecy? A Social Labeling Perspective of Corruption. Journal of Business Ethics 88 (4):841 - 849.
Josep M. Lozano, Laura Albareda & M. Rosario Balaguer (2006). Socially Responsible Investment in the Spanish Financial Market. Journal of Business Ethics 69 (3):305 - 316.
Christian List (2003). The Voting Power Approach : A Theory of Measurement. A Response to Max Albert. European Union Politics 4 (4):487-497.
Douglas Cumming & Sofia Johan (2007). Socially Responsible Institutional Investment in Private Equity. Journal of Business Ethics 75 (4):395 - 416.
Jonas Nilsson (2008). Investment with a Conscience: Examining the Impact of Pro-Social Attitudes and Perceived Financial Performance on Socially Responsible Investment Behavior. [REVIEW] Journal of Business Ethics 83 (2):307 - 325.
Thomas Pogge (2009). Developing Morally Plausible Indices of Poverty and Gender Equity. Philosophical Topics 37 (2):199-221.
Lisa Papania, Daniel M. Shapiro & John Peloza (2008). Social Impact as a Measure of Fit Between Firm Activities and Stakeholder Expectations. International Journal of Business Governance and Ethics 4 (1):3.
Avshalom Madhala Adam & Tal Shavit (2008). How Can a Ratings-Based Method for Assessing Corporate Social Responsibility (Csr) Provide an Incentive to Firms Excluded From Socially Responsible Investment Indices to Invest in Csr? Journal of Business Ethics 82 (4):899 - 905.
Maria Ceu Cortez, Florinda Silva & Nelson Areal (2009). The Performance of European Socially Responsible Funds. Journal of Business Ethics 87 (4):573 - 588.
Added to index2009-01-28
Total downloads29 ( #129,898 of 1,789,836 )
Recent downloads (6 months)1 ( #420,676 of 1,789,836 )
How can I increase my downloads?