Information Asymmetry and Socially Responsible Investment

Journal of Business Ethics 95 (1):145 - 151 (2010)
Abstract
Selecting, applying and reporting on investment screens for socially responsible investing (SRI) presents challenges for companies, investors and fund managers. This article seeks to clarify the nature of these challenges in developing an understanding of the foundations of ethical investment screens. At a conceptual level this work argues that there is a common element to the ethical foundations of SRI, even with very different apparent motivations and investment restrictions. Establishing this commonality assists in explaining the information asymmetry problem inherent in SRI. A market-facilitated solution illustrates how these insights might foster the development of socially responsible investment
Keywords accounting conventions  fund management  information asymmetry  social policy  socially responsible investing
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DOI 10.1007/s10551-009-0343-2
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Natural Justice.K. G. Binmore - 2005 - Oxford University Press.
The "Ethics" of Ethical Investing.Mark S. Schwartz - 2003 - Journal of Business Ethics 43 (3):195 - 213.
Morals and Markets: The Case of Ethical Investing.Craig Mackenzie & Alan Lewis - 1999 - Business Ethics Quarterly 9 (3):439-452.

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