Switch to: References

Add citations

You must login to add citations.
  1. It’s a Matter of Principle: The Role of Personal Values in Investment Decisions.William R. Pasewark & Mark E. Riley - 2010 - Journal of Business Ethics 93 (2):237-253.
    We investigate the role of personal values in an investment decision in a controlled experimental setting. Participants were asked to choose an investment in a bond issued by a tobacco company or a bond issued by a non-tobacco company that offered an equal or sometimes lower yield. We then surveyed the participants regarding their feelings toward tobacco use to determine whether these values influenced their investment decision. Using factor analysis, we identified investment- and tobacco-related dimensions on which participants’ responses tended (...)
    Download  
     
    Export citation  
     
    Bookmark   12 citations  
  • Investing in Socially Responsible Companies is a must for Public Pension Funds? Because there is no Better Alternative.S. Prakash Sethi - 2005 - Journal of Business Ethics 56 (2):99-129.
    With assets of over US$1.0 trillion and growing, public pension funds in the United States have become a major force in the private sector through their holding of equity positions in large publicly traded corporations. More recently, these funds have been expanding their investment strategy by considering a corporation's long-term risks on issues such as environmental protection, sustainability, and good corporate citizenship, and how these factors impact a company's long-term performance. Conventional wisdom argues that the fiduciary responsibility of the pension (...)
    Download  
     
    Export citation  
     
    Bookmark   36 citations  
  • Measuring Investors' Socially Responsible Preferences in Mutual Funds.Iván Barreda-Tarrazona, Juan Carlos Matallín-Sáez & Mª Rosario Balaguer-Franch - 2011 - Journal of Business Ethics 103 (2):305-330.
    The aim of this study is to analyze investor behavior towards socially responsible mutual funds. The analysis is based on an experimental study where a sample of individuals takes investment decisions under different parameters of information about the investment alternatives and expected returns. In the experiment, each participant decides how to distribute an investment budget between two funds, returns on which are uncertain and change over time. Two treatments are conducted, each providing a different degree of information on the socially (...)
    Download  
     
    Export citation  
     
    Bookmark   8 citations  
  • Socially Responsible Investment and Fiduciary Duty: Putting the Freshfields Report into Perspective.Joakim Sandberg - 2011 - Journal of Business Ethics 101 (1):143-162.
    A critical issue for the future growth and impact of socially responsible investment (SRI) is whether institutional investors are legally permitted to engage in it – in particular whether it is compatible with the fiduciary duties of trustees. An ambitious report from the United Nations Environment Programme’s Finance Initiative (UNEP FI), commonly referred to as the ‘Freshfields report’, has recently given rise to considerable optimism on this issue among proponents of SRI. The present article puts the arguments of the Freshfields (...)
    Download  
     
    Export citation  
     
    Bookmark   13 citations  
  • Investing in Peace: The Motivational Dynamics of Diaspora Investment in Post-Conflict Economies.Tjai M. Nielsen & Liesl Riddle - 2009 - Journal of Business Ethics 89 (S4):435 - 448.
    Post-conflict economies often prove daunting for foreign investors. Many of these nations are reaching out to diasporans, emigrants, and their descendants living abroad, for much-needed foreign investment capital. Little is known about why diasporans invest in their countries of origin. Recent scholarly inquiry regarding investment decision making has suggested that non-pecuniary, psychological concerns often motivate investment decisions. We develop a conceptual model identifying three types of investment return expectations — financial, emotional, and those related to social status — that may (...)
    Download  
     
    Export citation  
     
    Bookmark   2 citations  
  • The Financial Performance of a Socially Responsible Investment Over Time and a Possible Link with Corporate Social Responsibility.Greig A. Mill - 2006 - Journal of Business Ethics 63 (2):131-148.
    This paper empirically examines the financial performance of a UK unit trust that was initially “conventional” and later adopted socially responsible investment (SRI) principles (ethical investment principles). Comparison is made with three similar conventional funds whose investment objectives remained unchanged. Analysis techniques employed in previous studies find similar results: mean risk-adjusted performance is unchanged by the switch to SRI, with no evidence of over-or under-performance relative to the benchmark market index by any of the four funds. More interestingly, changes in (...)
    Download  
     
    Export citation  
     
    Bookmark   13 citations  
  • Three questions about engagement and exclusion in responsible investment.Ivar Kolstad - 2015 - Business Ethics: A European Review 25 (1):45-58.
    There is a move towards more use of engagement strategies in responsible investment. This change in strategies is motivated by a number of claims about the effectiveness of engagement versus exclusion of companies from the investment universe. This paper examines the basis for three central claims: That engagement, in contrast to exclusion, does not reduce the investment universe; That exclusion reduces an investor's influence on a company; and That engagement with exclusion is necessarily a more effective means of influencing companies (...)
    Download  
     
    Export citation  
     
    Bookmark   5 citations  
  • Sustainable investment and environmental, social, and governance investing: A bibliometric and systematic literature review.Sheeba Kapil & Vrinda Rawal - 2023 - Business Ethics, the Environment and Responsibility 32 (4):1429-1451.
    Environmental, social, and governance (ESG) investing is synonymous with sustainable investment for socially responsible investors. Unfortunately, the diversity of ESG investing remains unattended amidst the growth in ESG literature, as the academic literature focuses dominantly on measuring performance. An understanding of a wide range of subjects entailing ESG is required before future research on ESG investing is performed. To overcome the challenge, this systematic literature review uses bibliometric mapping to reveal four significant research themes within the ESG investing literature: investor (...)
    Download  
     
    Export citation  
     
    Bookmark   1 citation  
  • A Comparison of Models Describing the Impact of Moral Decision Making on Investment Decisions.Eva Hofmann, Erik Hoelzl & Erich Kirchler - 2008 - Journal of Business Ethics 82 (1):171-187.
    As moral decision making in financial markets incorporates moral considerations into investment decisions, some rational decision theorists argue that moral considerations would introduce inefficiency to investment decisions. However, market demand for socially responsible investment is increasing, suggesting that investment decisions are influenced by both financial and moral considerations. Several models can be applied to explain moral behavior. We test the suitability of (a) multiple attribute utility theory (MAUT), (b) theory of planned behavior, and (c) issue-contingent model of ethical decision making (...)
    Download  
     
    Export citation  
     
    Bookmark   12 citations  
  • Investment with a Conscience: Examining the Impact of Pro-Social Attitudes and Perceived Financial Performance on Socially Responsible Investment Behavior.Jonas Nilsson - 2008 - Journal of Business Ethics 83 (2):307-325.
    This article addresses the growing industry of retail socially responsible investment (SRI) profiled mutual funds. Very few previous studies have examined the final consumer of SRI profiled mutual funds. Therefore, the purpose of this study was to, in an exploratory manner, examine the impact of a number of pro-social, financial performance, and socio-demographic variables on SRI behavior in order to explain why investors choose to invest different proportions of their investment portfolio in SRI profiled funds. An ordinal logistic regression analysis (...)
    Download  
     
    Export citation  
     
    Bookmark   26 citations  
  • Active First Movers vs. Late Free-Riders? An Empirical Analysis of UN PRI Signatories’ Commitment.Tobias Bauckloh, Stefan Schaltegger, Sebastian Utz, Sebastian Zeile & Bernhard Zwergel - 2021 - Journal of Business Ethics 182 (3):747-781.
    Joining voluntary thematic initiatives can be a means for firms to legitimate their business activities. However, a lack of review mechanisms could create incentives for free-riding. This might lead to a lower commitment to the initiative’s principles, and endanger its credibility and its members’ legitimacy benefits. Whether members of voluntary initiatives take advantage of the opportunity to free-ride has not been analyzed empirically so far. To fill this research gap, we investigate from an institutional theory perspective the actual implementation behavior (...)
    Download  
     
    Export citation  
     
    Bookmark   1 citation  
  • How Corporate Reputation Disclosures Affect Stakeholders’ Behavioral Intentions: Mediating Mechanisms of Perceived Organizational Performance and Corporate Reputation.Kim T. Baumgartner, Carolin A. Ernst & Thomas M. Fischer - 2020 - Journal of Business Ethics 175 (2):361-389.
    Corporate reputation is decisive for stakeholders’ supporting or repelling behavior and, therefore, one of firms’ most valuable intangible resources. Drawing on signaling theory, this paper focuses on the usefulness of voluntarily provided corporate reputation disclosures (CRDs) and examines their impact on stakeholders’ attitudinal and behavioral outcomes. Our experimental vignette studies reveal that CRDs reduce stakeholders’ information asymmetries, which positively affects perceived organizational performance and corporate reputation as well as stakeholders’ purchase, investment, and employment intentions. The relationships between CRDs and stakeholders’ (...)
    Download  
     
    Export citation  
     
    Bookmark   2 citations  
  • The Heterogeneity of Socially Responsible Investment.Joakim Sandberg, Carmen Juravle, Ted Martin Hedesström & Ian Hamilton - 2008 - Journal of Business Ethics 87 (4):519-533.
    Many writers have commented on the heterogeneity of the socially responsible investment (SRI) movement. However, few have actually tried to understand and explain it, and even fewer have discussed whether the opposite – standardisation – is possible and desirable. In this article, we take a broader perspective on the issue of the heterogeneity of SRI. We distinguish between four levels on which heterogeneity can be found: the terminological, definitional, strategic and practical. Whilst there is much talk about the definitional ambiguities (...)
    Download  
     
    Export citation  
     
    Bookmark   36 citations  
  • The Corporate Social Responsibility of Pharmaceutical Product Recalls: An Empirical Examination of U.S. and U.K. Markets. [REVIEW]Eng Tuck Cheah, Wen Li Chan & Corinne Lin Lin Chieng - 2007 - Journal of Business Ethics 76 (4):427-449.
    The pressure on companies to practice corporate social responsibility (CSR) has gained momentum in recent times as a means of sustaining competitive advantage in business. The pharmaceutical industry has been acutely affected by this trend. While pharmaceutical product recalls have become rampant and increased dramatically in recent years, no comprehensive study has been conducted to study the effects of announcements of recalls on the shareholder returns of pharmaceutical companies. As product recalls could significantly damage a company's reputation, profitability and brand (...)
    Download  
     
    Export citation  
     
    Bookmark   9 citations  
  • What’s in a Name: An Analysis of Impact Investing Understandings by Academics and Practitioners.Anna Katharina Höchstädter & Barbara Scheck - 2015 - Journal of Business Ethics 132 (2):449-475.
    Recently, there has been much talk of impact investing. Around the world, specialized intermediaries have appeared, mainstream financial players and governments have become involved, renowned universities have included impact investing courses in their curriculum, and a myriad of practitioner contributions have been published. Despite all this activity, conceptual clarity remains an issue: The absence of a uniform definition, the interchangeable use of alternative terms and unclear boundaries to related concepts such as socially responsible investment are being criticized. This article aims (...)
    Download  
     
    Export citation  
     
    Bookmark   19 citations  
  • (2 other versions)A political economy approach to regulated australian information disclosures.Matthew Haigh & James Guthrie - 2009 - Business Ethics, the Environment and Responsibility 18 (2):192-208.
    In an effort to improve comparability between socially responsible investment products and standardize investment terminology, Australian legislators recently required investment managers to report to retail investors the extent to which 'social considerations' are used in portfolio construction. Using a lens of political economy, this paper assesses whether the objectives of the legislation to standardize investment terminology, promote inter-product comparability and encourage the accountability of product claims have been met. The context of legislative development is examined in Australian Parliamentary debates. Practised (...)
    Download  
     
    Export citation  
     
    Bookmark   2 citations  
  • The Relationship Between Individuals’ Recognition of Human Rights and Responses to Socially Responsible Companies: Evidence from Russia and Bulgaria.Petya Puncheva-Michelotti, Marco Michelotti & Peter Gahan - 2010 - Journal of Business Ethics 93 (4):583-605.
    An emerging body of literature has highlighted a gap in our understanding of the extent to which the salience attached to human rights is likely to influence the extent to which an individual takes account of Corporate Social Responsibility in decision making. The primary aim of this study is to begin to address this gap by understanding how individuals attribute different emphasis on specific aspects of human rights when making decisions to purchase, work, invest or support the community operations for (...)
    Download  
     
    Export citation  
     
    Bookmark   3 citations  
  • (2 other versions)A political economy approach to regulated Australian information disclosures.Matthew Haigh & James Guthrie - 2009 - Business Ethics: A European Review 18 (2):192-208.
    In an effort to improve comparability between socially responsible investment products and standardize investment terminology, Australian legislators recently required investment managers to report to retail investors the extent to which ‘social considerations’ are used in portfolio construction. Using a lens of political economy, this paper assesses whether the objectives of the legislation to standardize investment terminology, promote inter‐product comparability and encourage the accountability of product claims have been met. The context of legislative development is examined in Australian Parliamentary debates. Practised (...)
    Download  
     
    Export citation  
     
    Bookmark   1 citation  
  • Cleansing Investor’s Conscience: The Effects of Incidental Guilt on Socially Responsible Investment Decisions.Victoria Gevorkova, Ivan Sangiorgi & Julia Vogt - 2024 - Journal of Business Ethics 193 (1):89-114.
    This paper explores the effects of incidental guilt on Socially Responsible Investment (SRI) decisions of retail investors. Do investors who feel guilty invest more in SRIs to clear their conscience? Are guilty investors willing to sacrifice returns to restore their moral selves? Using survey data from an online quasi-experiment among a sample of US retail investors, we find that individuals who experience incidental guilt are willing to invest more in SRI funds than those in a neutral state. We show that (...)
    Download  
     
    Export citation  
     
    Bookmark  
  • Are Investors Willing to Sacrifice Cash for Morality?R. H. Berry & F. Yeung - 2013 - Journal of Business Ethics 117 (3):477-492.
    The paper uses questionnaire responses provided by a sample of ethical investors to investigate willingness to sacrifice ethical considerations for financial reward. The paper examines the amount of financial reward necessary to cause an ethical investor to accept a switch from good ethical performance to poor ethical performance. Conjoint analysis is used to allow quantification of the utilities derived from different combinations of ethical and financial performance. Ethical investors are shown to vary in their willingness to sacrifice ethical for financial (...)
    Download  
     
    Export citation  
     
    Bookmark   7 citations