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
Categories (categorize this paper)
DOI 10.1007/s10551-008-9800-6
Options
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

PhilArchive copy


Upload a copy of this paper     Check publisher's policy     Papers currently archived: 63,247
Through your library

References found in this work BETA

Mental Models in Cognitive Science.P. Johnsonlaird - 1980 - Cognitive Science 4 (1):71-115.

View all 11 references / Add more references

Citations of this work BETA

Are Investors Willing to Sacrifice Cash for Morality?R. H. Berry & F. Yeung - 2013 - Journal of Business Ethics 117 (3):477-492.

View all 16 citations / Add more citations

Similar books and articles

Information Asymmetry and Socially Responsible Investment.Mark Jonathan Rhodes - 2010 - Journal of Business Ethics 95 (1):145 - 151.
Socially Responsible Investing: A Critical Appraisal. [REVIEW]D. Bruce Johnsen - 2003 - Journal of Business Ethics 43 (3):219 - 222.
Socially Responsible Investing in the United States.Steve Schueth - 2003 - Journal of Business Ethics 43 (3):189 - 194.

Analytics

Added to PP index
2009-01-28

Total views
67 ( #159,414 of 2,448,588 )

Recent downloads (6 months)
1 ( #449,192 of 2,448,588 )

How can I increase my downloads?

Downloads

My notes