Order:
  1.  60
    Making a Difference or Making a Statement? Finance Research and Socially Responsible Investment.Pietra Rivoli - 2003 - Business Ethics Quarterly 13 (3):271-287.
    What does socially responsible investing (SRI) accomplish for investors and for society? Proponents of SRI claim that the practiceyields competitive portfolio returns for investors, while at the same time achieving better outcomes for society at large. Skepticsview SRI as ineffective at best and ill-conceived marketing hype at worst. My objective in this paper is to apply mainstream finance research findings to the question of whether SRI may be expected to lead to superior social outcomes. I conclude that under the perfectmarkets (...)
    Direct download (4 more)  
     
    Export citation  
     
    Bookmark   26 citations  
  2.  62
    Labor Standards in the Global Economy: Issues for Investors. [REVIEW]Pietra Rivoli - 2003 - Journal of Business Ethics 43 (3):223 - 232.
    In the mid-1990s, global labour standards emerged as a new and important are of concern for socially responsible investors, especially with respect to investments in the "problematic" footwear, apparel, and toy industries. In this paper, I elucidate the primary areas of concern for investors and discuss a framework for evaluating firms'' labor standards performance. In addition, I argue that today''s sweatshop debates follow closely those of centuries ago, with the standard economic defense of low wage manufacturing on the one hand, (...)
    Direct download (4 more)  
     
    Export citation  
     
    Bookmark   15 citations  
  3.  24
    Ethical Aspects of Investor Behavior.Pietra Rivoli - 1995 - Journal of Business Ethics 14 (4):265 - 277.
    The neoclassical paradigm assumes that shareholders'' utility is solely a function of their wealth, and prescribes that management should act in a manner consistent with share price maximization. The stakeholder view also assumes that shareholders'' utility derives from wealth, but prescribes that managers must balance the shareholder wealth maximization objective against the rights of other constituencies. Thus, while neoclassicists and stakeholder theorists have different prescriptives for management behavior, their definitions of the shareholders'' interest are consistent — shareholders are self-interested economic (...)
    Direct download (4 more)  
     
    Export citation  
     
    Bookmark   4 citations