David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jack Alan Reynolds
Learn more about PhilPapers
Dissertation, University of Gothenburg (2008)
The concepts of 'ethical' and 'socially responsible' investment (SRI) have become increasingly popular in recent years and funds which offer this kind of investment have attracted many individual inve... merstors. The present book addresses the issue of 'How ought one to invest?' by critically engaging with the ideas of the proponents of this movement about what makes 'ethical' investing ethical. The standard suggestion that ethical investing simply consists in refraining from investing in certain 'morally unacceptable companies' is criticised for being both too rigid (often resting on absolute moral rules which lead to an austere conclusion) and too ineffective for individual investors (investors who after all control only a small part of the investment universe). Furthermore, the idea that ethical investing could consist in engaging more actively with the companies one invests in, in order to make them change their ways and become more socially responsible, is criticised for being just as ineffective for individual investors. Some more radical alternatives are elaborated on and defended - for instance, the suggestion that investors should make as much money from their investments as possible and then donate the proceeds to socially worthwhile charities. From similar suggestions, the common idea that there is no conflict between morality and profitability, or that genuinely ethical investing can be just as profitable as mainstream investing, is criticised for being too naïve. Making a difference may indeed require personal sacrifice of investors, but it is argued that the needs of the possible recipients of philanthropy are morally more important than the luxury of investment returns.
|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
No references found.
Citations of this work BETA
Joakim Sandberg, Carmen Juravle, Ted Martin Hedesström & Ian Hamilton (2009). The Heterogeneity of Socially Responsible Investment. Journal of Business Ethics 87 (4):519 - 533.
Joakim Sandberg (2011). Socially Responsible Investment and Fiduciary Duty: Putting the Freshfields Report Into Perspective. [REVIEW] Journal of Business Ethics 101 (1):143-162.
Joakim Sandberg, Carmen Juravle, Ted Martin Hedesström & Ian Hamilton (2009). The Heterogeneity of Socially Responsible Investment. Journal of Business Ethics 87 (4):519-533.
Similar books and articles
Mark Jonathan Rhodes (2010). Information Asymmetry and Socially Responsible Investment. Journal of Business Ethics 95 (1):145 - 151.
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.
Steve Schueth (2003). Socially Responsible Investing in the United States. Journal of Business Ethics 43 (3):189 - 194.
William B. Irvine (1987). The Ethics of Investing. Journal of Business Ethics 6 (3):233 - 242.
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.
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.
Derek Yach (2001). Healthy Investments in Investing in Health. Journal of Business Ethics 33 (3):191 - 198.
Pietra Rivoli (2003). Making a Difference or Making a Statement? Finance Research and Socially Responsible Investment. Business Ethics Quarterly 13 (3):271-287.
Jonathan McLachlan & John Gardner (2004). A Comparison of Socially Responsible and Conventional Investors. Journal of Business Ethics 52 (1):11-25.
Joakim Sandberg (2007). Should I Invest with My Conscience? Business Ethics: A European Review 16 (1):71–86.
Added to index2010-04-08
Total downloads65 ( #65,982 of 1,907,551 )
Recent downloads (6 months)9 ( #77,142 of 1,907,551 )
How can I increase my downloads?