David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jonathan Jenkins Ichikawa
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
Russell Sparkes & Christopher J. Cowton (2004). The Maturing of Socially Responsible Investment: A Review of the Developing Link with Corporate Social Responsibility. [REVIEW] Journal of Business Ethics 52 (1):45-57.
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.
Tim Rowley & Shawn Berman (2000). A Brand New Brand of Corporate Social Performance. Business and Society 39 (4):397-418.
Mark S. Schwartz (2003). The "Ethics" of Ethical Investing. Journal of Business Ethics 43 (3):195 - 213.
S. Prakash Sethi (2005). Investing in Socially Responsible Companies is a Must for Public Pension Funds – Because There is No Better Alternative. Journal of Business Ethics 56 (2):99 - 129.
Citations of this work BETA
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.
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.
Diane-Laure Arjaliès (2010). A Social Movement Perspective on Finance: How Socially Responsible Investment Mattered. [REVIEW] Journal of Business Ethics 92 (1):57 - 78.
Riikka Sievänen, Hannu Rita & Bert Scholtens (2013). The Drivers of Responsible Investment: The Case of European Pension Funds. [REVIEW] Journal of Business Ethics 117 (1):137-151.
Céline Louche, Daniel Arenas & Katinka C. van Cranenburgh (2012). From Preaching to Investing: Attitudes of Religious Organisations Towards Responsible Investment. Journal of Business Ethics 110 (3):301-320.
Similar books and articles
Mark Jonathan Rhodes (2010). Information Asymmetry and Socially Responsible Investment. Journal of Business Ethics 95 (1):145 - 151.
Joakim Sandberg (2011). Socially Responsible Investment and Fiduciary Duty: Putting the Freshfields Report Into Perspective. [REVIEW] Journal of Business Ethics 101 (1):143-162.
Jacob Park (2005). Beyond Good Intentions. International Corporate Responsibility Series 2:101-108.
Shuangge Wen (2009). Institutional Investor Activism on Socially Responsible Investment: Effects and Expectations. Business Ethics 18 (3):308-333.
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.
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 downloads25 ( #189,629 of 1,908,158 )
Recent downloads (6 months)4 ( #223,594 of 1,908,158 )
How can I increase my downloads?