David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Business Ethics: A European Review 16 (1):71–86 (2007)
In this article I discuss the idea that investors have moral reasons to avoid investing in certain business areas based on their own moral views towards these areas. Some has referred to this as ”conscience investing”, and it is a central part of the conception of ethical investing within the socially responsible investment (SRI) movement. I present what I take to be the main arguments for this kind of investing as they are given by those who have defended it, and discuss the plausibility of these arguments from the point of view of moral philosophy. In the end, I argue that focusing on the moral views of individual investors is not very fruitful – we have strong reasons to think that investors do not have moral reasons to invest ”with their consciences”, or, to the extent that we may allow such reasons, that they are very weak compared to other sorts of moral reasons pertaining to ethical investing.
|Keywords||No keywords specified (fix it)|
|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
Jonathan Bennett (1974). The Conscience of Huckleberry Finn. Philosophy 49 (188):123-134.
Brenda Cohen (1967). An Ethical Paradox. Mind 76 (302):250-259.
Brenda Cohen (1972). Non-Dogmatism and Ethical Paradoxes. Mind 81 (323):432-433.
Marc Cooper & Bodo B. Schlegelmilch (1993). FOCUS: Key Issues in Ethical Investment. Business Ethics 2 (4):213–227.
Christopher Cowton (1999). Accounting and Financial Ethics: From Margin to Mainstream? Business Ethics 8 (2):99–107.
Citations of this work BETA
William R. Pasewark & Mark E. Riley (2010). It's a Matter of Principle: The Role of Personal Values in Investment Decisions. [REVIEW] Journal of Business Ethics 93 (2):237 - 253.
Similar books and articles
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.
Joakim Sandberg (2011). What Are Your Investments Doing Right Now? In Wim Vandekerckhove, Jos Leys, Kristian Alm, Bert Scholtens, Silvana Signori & Henry Schäfer (eds.), Responsible Investment in Times of Turmoil. Springer. 165--177.
Sirkku Hellsten & Chris Mallin (2006). Are 'Ethical' or 'Socially Responsible' Investments Socially Responsible? Journal of Business Ethics 66 (4):393 - 406.
William B. Irvine (1987). The Ethics of Investing. Journal of Business Ethics 6 (3):233 - 242.
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.
Céline Louche, Daniel Arenas & Katinka C. Cranenburgh (2012). From Preaching to Investing: Attitudes of Religious Organisations Towards Responsible Investment. [REVIEW] Journal of Business Ethics 110 (3):301-320.
Katherina Glac (2009). Understanding Socially Responsible Investing: The Effect of Decision Frames and Trade-Off Options. [REVIEW] Journal of Business Ethics 87 (1):41 - 55.
Steve Schueth (2003). Socially Responsible Investing in the United States. Journal of Business Ethics 43 (3):189 - 194.
Derek Yach (2001). Healthy Investments in Investing in Health. Journal of Business Ethics 33 (3):191 - 198.
Joakim Sandberg (2008). The Ethics of Investing: Making Money or Making a Difference? Dissertation, University of Gothenburg
Added to index2009-01-28
Total downloads6 ( #203,706 of 1,101,139 )
Recent downloads (6 months)2 ( #177,254 of 1,101,139 )
How can I increase my downloads?