David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 43 (3):189 - 194 (2003)
Socially responsible investing (SRI) has emerged in recent years as a dynamic and quickly growing segment of the U.S. financial services industry involving over $2 trillion in professionally managed assets. Its conceptual origins can be found in the early history of civilization, with it's modern roots in the 1960s. This paper provides an overview of the breadth and depth of the concept and practice of socially and environmentally responsible investing, describes the investment strategies that together define SRI as currently practiced in the U.S., offers several observations about some of the factors fueling its dramatic growth, and presents data showing that investors who choose to invest in a socially and environmentally responsible manner can do so without giving up investment returns. SRI has matured to a point where virtually any investment need can be met through portfolio design that integrates an investor's personal values, institutional mission, and/or social priorities. The socially responsible investment industry in the United States is a young phenomenon. Even referring to it as an "industry" ten years ago may have been a bit of a stretch. While it has grown dramatically in recent years, it is an area of work, of study and of practical application that continues to evolve in many significant ways. One intriguing example of the ongoing development of the field can be found in the analysis of the language used to describe it. The terms social investing, socially responsible investing, ethical investing, socially aware investing, socially conscious investing, green investing, values-based investing, and mission-based or mission-related investing all refer to the same general process and are often used interchangeably.
|Keywords||description history performance myth – busted socially responsible investing|
|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
C. B. Bhattacharya, Daniel Korschun & Sankar Sen (2009). Strengthening Stakeholder–Company Relationships Through Mutually Beneficial Corporate Social Responsibility Initiatives. Journal of Business Ethics 85 (2):257 - 272.
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.
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.
Stewart Jones, Sandra van der Laan, Geoff Frost & Janice Loftus (2008). The Investment Performance of Socially Responsible Investment Funds in Australia. Journal of Business Ethics 80 (2):181 - 203.
Stephen J. Fowler & C. Hope (2007). A Critical Review of Sustainable Business Indices and Their Impact. Journal of Business Ethics 76 (3):243 - 252.
Similar books and articles
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.
Joakim Sandberg (2008). The Ethics of Investing: Making Money or Making a Difference? Dissertation, University of Gothenburg
D. Bruce Johnsen (2003). Socially Responsible Investing: A Critical Appraisal. [REVIEW] Journal of Business Ethics 43 (3):219 - 222.
Mark Jonathan Rhodes (2010). Information Asymmetry and Socially Responsible Investment. Journal of Business Ethics 95 (1):145 - 151.
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.
Joakim Sandberg (2007). Should I Invest with My Conscience? Business Ethics: A European Review 16 (1):71–86.
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.
Christopher J. Cowton & Joakim Sandberg (2012). Socially Responsible Investment. In Ruth Chadwick (ed.), Encyclopedia of Applied Ethics, 2nd ed. Academic Press
Derek Yach (2001). Healthy Investments in Investing in Health. Journal of Business Ethics 33 (3):191 - 198.
William Martin (2009). Socially Responsible Investing: Is Your Fiduciary Duty at Risk? [REVIEW] Journal of Business Ethics 90 (4):549 - 560.
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.
Maria Ceu Cortez, Florinda Silva & Nelson Areal (2009). The Performance of European Socially Responsible Funds. Journal of Business Ethics 87 (4):573 - 588.
Jonathan McLachlan & John Gardner (2004). A Comparison of Socially Responsible and Conventional Investors. Journal of Business Ethics 52 (1):11-25.
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.
Thomas W. Dunfee (2003). Social Investing: Mainstream or Backwater? [REVIEW] Journal of Business Ethics 43 (3):247 - 252.
Added to index2011-05-29
Total downloads38 ( #85,935 of 1,725,161 )
Recent downloads (6 months)3 ( #210,933 of 1,725,161 )
How can I increase my downloads?