David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jonathan Jenkins Ichikawa
Jack Alan Reynolds
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Journal of Business Ethics 66 (4):393 - 406 (2006)
In this article we discuss whether it pays to invest ethically. Our aim is to examine corporate social responsibility from philosophical, moral and practical points of views. We focus on two main issues related to ethical investments. Firstly we discuss the moral dilemma of how capitalism has changed its shape in today’s world and from ‘blaming the business’ there is a general attempt to use the markets to promote ethics values and corporate social responsibility. Secondly, we analyze the growth of ethical investment funds in the UK today, and their performance, and highlight some of the institutional investors involved in the management of ethical funds. We discuss whether ethical investments really succeed in reducing the conflict between profit-making and social responsibility as they promise or whether they use commercial rhetoric and market mechanism to merely sell us our own perceived values back. We conclude that the paper has a key contribution in setting the scene for future research in an area that is evolving and of fundamental importance to companies, investors and various stakeholder groups.
|Keywords||ethical investment socially responsible investment corporate governance business ethics|
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References found in this work BETA
David P. Gauthier (1986). Morals by Agreement. Oxford University Press.
O. C. Ferrell (2013). Business Ethics: Ethical Decision Making and Cases. Houghton Mifflin Co.
John Raymond Boatright (2008). Ethics in Finance. Blackwell Pub..
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Citations of this work BETA
Yves Fassin (2012). Stakeholder Management, Reciprocity and Stakeholder Responsibility. Journal of Business Ethics 109 (1):83-96.
Gunther Capelle-Blancard & Stéphanie Monjon (2012). Trends in the Literature on Socially Responsible Investment: Looking for the Keys Under the Lamppost. Business Ethics 21 (3):239-250.
Christophe Revelli & Jean‐Laurent Viviani (2015). Financial Performance of Socially Responsible Investing : What Have We Learned? A Meta‐Analysis. Business Ethics: A European Review 24 (2):158-185.
Lindorff Margaret, Prior Jonson Elizabeth & McGuire Linda (2012). Strategic Corporate Social Responsibility in Controversial Industry Sectors: The Social Value of Harm Minimisation. [REVIEW] Journal of Business Ethics 110 (4):457-467.
Steven Daskal (2013). Saving for Retirement Without Harming Others. Journal of Business Ethics 113 (1):147-156.
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