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  1. Prospect Theory: An Analysis of Decision Under Risk.D. Kahneman & A. Tversky - 1979 - Econometrica: Journal of the Econometric Society:263--291.
    The following values have no corresponding Zotero field: PB - JSTOR.
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  • Socially Responsible Mutual Funds.[author unknown] - 2003 - Business Ethics: The Magazine of Corporate Responsibility 17 (1):19-19.
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  • Experimental Economics: Rethinking the Rules.Nicholas Bardsley, Robin Cubitt, Graham Loomes, Peter Moffat, Chris Starmer & Robert Sugden - 2009 - Princeton University Press.
    The authors explore the history of experiments in economics, provide examples of different types of experiments and show that the growing use of experimental methods is transforming economics into an empirical science.
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  • (1 other version)The Choice of Criteria in Ethical Investment.Craig Mackenzie - 1998 - Business Ethics, the Environment and Responsibility 7 (2):81-86.
    How do ethical investment funds choose their ethical criteria? How intelligent is this process from an ethical point of view? This paper reports on his field work carried out as part of the Bath University ‘Morals and Money’ Project. After completing this research, Dr. Craig Mackenzie left academia to become ethics development officer at Friends Provident. He can be contacted at 15 Old Bailey, London, EC4M 7AP; [email protected].
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  • Understanding Socially Responsible Investing: The Effect of Decision Frames and Trade-off Options. [REVIEW]Katherina Glac - 2009 - Journal of Business Ethics 87 (1):41 - 55.
    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 (...)
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  • Support for investor activism among U.k. Ethical investors.Alan Lewis & Craig Mackenzie - 2000 - Journal of Business Ethics 24 (3):215 - 222.
    An important goal of ethical investment is to influence companies to improve their ethical and environmental performance. The principal means that many ethical funds employ is passive market signalling, which may not, on its own, have a significant effect. A much more promising approach may be active engagement. This paper reports on a questionnaire study of a sample of 1146 ethical investors in order to assess whether U.K. ethical investors would support more activist ethical investment and whether they would be (...)
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  • Performance of Ethical Mutual Funds in Spain: Sacrifice or Premium?Angeles Fernandez-Izquierdo & Juan Carlos Matallin-Saez - 2008 - Journal of Business Ethics 81 (2):247-260.
    There is currently much debate in the economic literature about whether ethical investment involves a financial sacrifice or premium. One of the most common methods of testing this compares the financial performance of ethical investment funds with that of other funds not considered “socially responsible” or ethical. The majority of these research studies evaluate the performance of the ethical funds according to classic measures, whereby different financial markets, in different countries and for different periods of time serve as reference for (...)
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  • The Ethical Mutual Fund Performance Debate: New Evidence from Canada.Rob Bauer, Jeroen Derwall & Rogér Otten - 2007 - Journal of Business Ethics 70 (2):111-124.
    Although the academic interest in ethical mutual fund performance has developed steadily, the evidence to date is mainly sample-specific. To tackle this critique, new research should extend to unexplored countries. Using this as a motivation, we examine the performance and risk sensitivities of Canadian ethical mutual funds vis-à-vis their conventional peers. In order to overcome the methodological deficiencies most prior papers suffered from, we use performance measurement approaches in the spirit of Carhart (1997, Journal of Finance 52(1): 57–82) and Ferson (...)
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  • Irrational Exuberance.Robert J. Shiller - 2001 - Princeton University Press.
    This first edition of this book was a broad study, drawing on a wide range of published research and historical evidence, of the enormous stock market boom that started around 1982 and picked up incredible speed after 1995. Although it took as its specific starting point this ongoing boom, it placed it in the context of stock market booms generally, and it also made concrete suggestions regarding policy changes that should be initiated in response to this and other such booms. (...)
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  • The Investment Performance of Socially Responsible Investment Funds in Australia.Stewart Jones, Sandra van der Laan, Geoff Frost & Janice Loftus - 2008 - Journal of Business Ethics 80 (2):181 - 203.
    Interest in the notion of the possible financial sacrifice suffered by socially responsible investment (SRI) fund investors for considering ethical, social and environmental issues in their investment decisions has spawned considerable academic interest in the performance of SRI funds. Both the Australian and international research literature have yielded largely mixed results. However, several of these studies are hampered by methodological problems which can obscure the significance of reported results, such as the use of small sample sizes, inconsistencies in the time (...)
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  • (1 other version)Ethical investment processes and outcomes.Grant Michelson, Nick Wailes, Sandra Van Der Laan & Geoff Frost - 2004 - Journal of Business Ethics 52 (1):1-10.
    There is a growing body of literature on ethical or socially responsible investment across a range of disciplines. This paper highlights the key themes in the field and identifies some of the major theoretical and practical challenges facing both scholars and practitioners. One of these challenges is understanding better the complexity of the relationship between such investment practices and corporate behaviour. Noting that ethical investment is seldom characterised by agreement about what it actully constitutes, and that much of the extant (...)
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  • The Performance of European Socially Responsible Funds.Maria Ceu Cortez, Florinda Silva & Nelson Areal - 2009 - Journal of Business Ethics 87 (4):573-588.
    Recent years have witnessed an increasing growth in mutual funds that invest according to social criteria. As a consequence, the financial performance of these portfolios has attracted the interest of academics and practitioners. This paper investigates the performance of a sample of socially responsible mutual funds from seven European countries investing globally and/or in the European market. Using unconditional and conditional models, we assess the performance of these funds in comparison to conventional and socially responsible benchmark portfolios. The results show (...)
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  • 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 (...)
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  • (1 other version)Ethical Investment Processes and Outcomes.Grant Michelson, Nick Wailes, Sandra van der Laan & Geoff Frost - 2004 - Journal of Business Ethics 52 (1):1 - 10.
    There is a growing body of literature on ethical or socially responsible investment across a range of disciplines. This paper highlights the key themes in the field and identifies some of the major theoretical and practical challenges facing both scholars and practitioners. One of these challenges is understanding better the complexity of the relationship between such investment practices and corporate behaviour. Noting that ethical investment is seldom characterised by agreement about what it actully constitutes, and that much of the extant (...)
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  • The Performance of Socially Responsible Mutual Funds: The Role of Fees and Management Companies. [REVIEW]Javier Gil-Bazo, Pablo Ruiz-Verdú & André A. P. Santos - 2010 - Journal of Business Ethics 94 (2):243 - 263.
    In this article, we shed light on the debate about the financial performance of socially responsible investment (SRI) mutual funds by separately analyzing the contributions of before-fee performance and fees to SRI funds' performance, and by investigating the role played by fund management companies in the determination of those variables. We apply the matching estimator methodology to obtain our results and find that in the period 1997–2005, US SRI funds had better beforeand after-fee performance than conventional funds with similar characteristics. (...)
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  • Corporate ethical performance: Trends, forecasts and outlooks. [REVIEW]L. J. Brooks - 1989 - Journal of Business Ethics 8 (1):31 - 38.
    Executives, professionals, educators and labour leaders are requesting an update on corporate ethical trends. This article presents an examination of why the interest in corporate ethics is growing both in society and in corporations. An analysis follows of how corporations are responding to this interest, and of how that response might be enhanced through improved second-generation codes of ethical performance.
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  • (1 other version)The choice of criteria in ethical investment.Craig Mackenzie - 1998 - Business Ethics, the Environment and Responsibility 7 (2):81–86.
    How do ethical investment funds choose their ethical criteria? How intelligent is this process from an ethical point of view? This paper reports on his field work carried out as part of the Bath University ‘Morals and Money’ Project. After completing this research, Dr. Craig Mackenzie left academia to become ethics development officer at Friends Provident. He can be contacted at 15 Old Bailey, London, EC4M 7AP; [email protected].
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  • The financial performance of ethical investment trusts: An australian perspective. [REVIEW]Lorne S. Cummings - 2000 - Journal of Business Ethics 25 (1):79 - 92.
    This study examines whether differences in financial performance exist for investment trusts which base their portfolio selection primarily on an ethical screen, compared to indexes which incorporate a broader spectrum of investments. Results indicate that on a risk-adjusted basis there is an insignificant difference in the financial performance of these trusts against three common market benchmarks. However as to the extent of the directional effect, there does exist slightly superior financial performance by ethical trusts against their respective industry average indexes, (...)
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  • Playing by the rules: ethical criteria at an ethical investment fund.Christopher Cowton - 1999 - Business Ethics, the Environment and Responsibility 8 (1):60-69.
    Although ethical investment is a growing phenonenon which attracts a signficant amount of media interest, relatively little has been written about the internal operations of ethical investment funds. Using a variety of sources, including interviews with a fund manager and participant observation at meetings of the fund’s ethical advisory committee, this paper examines the decision making of one ethical unit trust operating in the United Kingdom. In particular, it describes the development of the ethical criteria and the ways in which (...)
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