David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 87 (4):519 - 533 (2009)
Many writers have commented on the heterogeneity of the socially responsible investment (SRI) movement. However, few have actually tried to understand and explain it, and even fewer have discussed whether the opposite – standardisation – is possible and desirable. In this article, we take a broader perspective on the issue of the heterogeneity of SRI. We distinguish between four levels on which heterogeneity can be found: the terminological, definitional, strategic and practical. Whilst there is much talk about the definitional ambiguities of SRI, we suggest that there is actually some agreement on the definitional level. There are at least three explanations which we suggest can account for the heterogeneity on the other levels: cultural and ideological differences between different regions, differences in values, norms and ideology between various SRI stakeholders, and the market setting of SRI. Discussing the implications of the three explanations for the SRI market, we suggest that there is reason to be sceptical about the possibilities of standardisation if not standardisation is imposed top-down. Whether this kind of standardisation is desirable or not, we argue, depends on what the motives for it would be. To the extent that standardisation may facilitate the mainstreaming of SRI, it could be a good thing – but we entertain doubts about whether mainstreaming really requires standardisation.
|Keywords||ambiguity business ethics definitions ethical investment heterogeneity mainstreaming responsible investment socially responsible investment standardisation sustainable investment|
|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
Thomas W. Dunfee (2003). Social Investing: Mainstream or Backwater? [REVIEW] Journal of Business Ethics 43 (3):247 - 252.
Terrence Guay, Jonathan P. Doh & Graham Sinclair (2004). Non-Governmental Organizations, Shareholder Activism, and Socially Responsible Investments: Ethical, Strategic, and Governance Implications. [REVIEW] Journal of Business Ethics 52 (1):125-139.
Céline Louche & Steven Lydenberg (2006). Socially Responsible Investment. Proceedings of the International Association for Business and Society 17:112-117.
Grant Michelson, Nick Wailes, Sandra van der Laan & Geoff Frost (2004). Ethical Investment Processes and Outcomes. Journal of Business Ethics 52 (1):1 - 10.
Michael Monahan (2002). The Ethics of Socially Responsible Investing. Business and Professional Ethics Journal 21 (3/4):27-46.
Citations of this work BETA
Alan Lewis & Carmen Juravle (2010). Morals, Markets and Sustainable Investments: A Qualitative Study of 'Champions'. [REVIEW] Journal of Business Ethics 93 (3):483 - 494.
Frédérique Déjean, Stéphanie Giamporcaro, Jean-Pascal Gond, Bernard Leca & Elise Penalva-Icher (2013). Mistaking an Emerging Market for a Social Movement? A Comment on Arjaliès' Social-Movement Perspective on Socially Responsible Investment in France. Journal of Business Ethics 112 (2):205-212.
N. S. Eccles & S. Viviers (2011). The Origins and Meanings of Names Describing Investment Practices That Integrate a Consideration of ESG Issues in the Academic Literature. Journal of Business Ethics 104 (3):389-402.
Bert Scholtens & Riikka Sievänen (2013). Drivers of Socially Responsible Investing: A Case Study of Four Nordic Countries. [REVIEW] Journal of Business Ethics 115 (3):605-616.
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.
Similar books and articles
Kyoko Sakuma & Céline Louche (2008). Socially Responsible Investment in Japan: Its Mechanism and Drivers. [REVIEW] Journal of Business Ethics 82 (2):425 - 448.
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.
Peter Waring & John Lewer (2004). The Impact of Socially Responsible Investment on Human Resource Management: A Conceptual Framework. Journal of Business Ethics 52 (1):99-108.
Shuangge Wen (2009). Institutional Investor Activism on Socially Responsible Investment: Effects and Expectations. Business Ethics 18 (3):308-333.
Jacob Park (2005). Beyond Good Intentions. International Corporate Responsibility Series 2:101-108.
Joakim Sandberg (2011). Socially Responsible Investment and Fiduciary Duty: Putting the Freshfields Report Into Perspective. [REVIEW] Journal of Business Ethics 101 (1):143-162.
Karen L. Benson, Timothy J. Brailsford & Jacquelyn E. Humphrey (2006). Do Socially Responsible Fund Managers Really Invest Differently? Journal of Business Ethics 65 (4):337 - 357.
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.
Mark Jonathan Rhodes (2010). Information Asymmetry and Socially Responsible Investment. Journal of Business Ethics 95 (1):145 - 151.
Christopher J. Cowton & Joakim Sandberg (2012). Socially Responsible Investment. In Ruth Chadwick (ed.), Encyclopedia of Applied Ethics, 2nd ed. Academic Press.
Added to index2009-01-28
Total downloads17 ( #108,216 of 1,413,339 )
Recent downloads (6 months)1 ( #154,160 of 1,413,339 )
How can I increase my downloads?