Understanding Socially Responsible Investing: The Effect of Decision Frames and Trade-off Options [Book Review]

Journal of Business Ethics 87 (1):41 - 55 (2009)
Abstract
Over the past two decades, the phenomenon of socially responsible investing has become more widespread. However, knowledge about the individual socially responsible investor is largely limited to descriptive and comparative accounts. The question of "why do some investors practice socially responsible investing and others don't?" is therefore still largely unanswered. To address this shortcoming in the current literature, this paper develops a model of the decision to invest socially responsibly that is grounded in the cognition literature. The hypotheses proposed in the model are tested with an experimental survey. The results indicate that the framing of the investing situation influences the likelihood of engagement in socially responsible investing and how much return the individuals are willing to sacrifice when choosing socially responsible over conventional investments. The study does not find support for a relationship between expectations about corporate social responsibility and the likelihood of engagement in socially responsible investing
Keywords corporate social responsibility  decision framing  decision making  investor behavior  investor cognition  social reporting  socially responsible investing
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DOI 10.1007/s10551-008-9800-6
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References found in this work BETA
Morals and Markets: The Case of Ethical Investing.Craig Mackenzie & Alan Lewis - 1999 - Business Ethics Quarterly 9 (3):439-452.
Social Investing: Mainstream or Backwater? [REVIEW]Thomas W. Dunfee - 2003 - Journal of Business Ethics 43 (3):247 - 252.

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Practicalities Bottleneck to Pension Fund Responsible Investment?Riikka Sievänen - 2014 - Business Ethics: A European Review 23 (3):309-326.

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