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  1. Institutional Investor Power and Heterogeneity.Lori Verstegen Ryan & Marguerite Schneider - 2003 - Business and Society 42 (4):398-429.
    This article examines the implications of the escalation in institutional inves power and heterogeneity for two dominant theories of corporate governanceagency theory and stakeholder theory. From this analysis, a new view of the agency relationship between institutional investors and their portfolio firms emerges, which recognizes the institutions’ market power, complex role as financial intermediaries, and possible involvement in simultaneous and opposing agency contracts. We also conclude that stakeholder theorists should reconsider these newly empowered shareholders’moral standing in relation to their portfolio (...)
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  • Some Observations on the Global Practice of Socially Responsible Investment.Céline Louche & Steven Lydenberg - 2006 - Proceedings of the International Association for Business and Society 17:164-169.
    This research applies the notion of sustainability (Barney, 1991; Braa, Monteiro, & Sahay, 2004) to the mechanisms used by socially responsible investment(SRI) firms with respect to their stakeholders (investors and target firms). A contrast is developed between US and UK SRI firms. It is noted that screens, while maintaining a strong investor base, are less sustainable from the perspective of the firms targeted by SRI funds, whereas advocacy has stronger elements of sustainability with respect to the relations with corporations.
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  • The Ethics of Investing: Making Money or Making a Difference?Joakim Sandberg - 2008 - Dissertation, University of Gothenburg
    The concepts of 'ethical' and 'socially responsible' investment (SRI) have become increasingly popular in recent years and funds which offer this kind of investment have attracted many individual inve... merstors. The present book addresses the issue of 'How ought one to invest?' by critically engaging with the ideas of the proponents of this movement about what makes 'ethical' investing ethical. The standard suggestion that ethical investing simply consists in refraining from investing in certain 'morally unacceptable companies' is criticised for being (...)
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  • (1 other version)Bridging the Gap Between the Promise and Performance of Socially Responsible Funds.S. Prakash Sethi Donald H. Schepers - 2003 - Business and Society Review 108 (1):11-32.
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  • The maturing of socially responsible investment: A review of the developing link with corporate social responsibility. [REVIEW]Russell Sparkes & Christopher J. Cowton - 2004 - Journal of Business Ethics 52 (1):45-57.
    This paper reviews the development of socially responsible investment (SRI) over recent years and highlights the prospects for an increasingly strong connection with the practice of corporate social responsibility. The paper argues that not only has SRI grown significantly, it has also matured. In particular, it has become an investment philosophy adopted by a growing proportion of large investment institutions. This shift in SRI from margin to mainstream and the position in which institutional investors find themselves is leading to a (...)
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  • Non-governmental organizations, shareholder activism, and socially responsible investments: Ethical, strategic, and governance implications. [REVIEW]Terrence Guay, Jonathan P. Doh & Graham Sinclair - 2004 - Journal of Business Ethics 52 (1):125-139.
    In this article, we document the growing influence of non-governmental organizations (NGOs) in the realm of socially responsible investing (SRI). Drawing from ethical and economic perspectives on stakeholder management and agency theory, we develop a framework to understand how and when NGOs will be most influential in shaping the ethical and social responsibility orientations of business using the emergence of SRI as the primary influencing vehicle. We find that NGOs have opportunities to influence corporate conduct via direct, indirect, and interactive (...)
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  • A Brand New Brand of Corporate Social Performance.Tim Rowley & Shawn Berman - 2000 - Business and Society 39 (4):397-418.
    We argue that corporate social performance (CSP) has become a legitimizing identity (brand) for researchers in the business and society field, but it has not developed into a viable theoretical or operational construct. Because measuring CSP is contingent on the operational setting (industry, issues, etc.), it is difficult to produce worthwhile comparisons across studies or generalizing beyond the boundaries of a specific study. The authors suggest that researchers remove the CSP label from their operational variables, and instead narrowly define their (...)
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  • 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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  • Social Investing: Mainstream or Backwater? [REVIEW]Thomas W. Dunfee - 2003 - Journal of Business Ethics 43 (3):247 - 252.
    Social investing, though not yet fully mainstream, has the potential to obtain such status. Questions relating to the future of social investing include the following. (1) What properly falls within the ambit of social investing? Assuming that no single definition of social responsibility is feasible, what then are the limits? (2) What do we need to know about investor psychology concerning social investing? What motivates people to buy socially screened investments and why do they sometimes act inconsistently? (3) How can (...)
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  • The "Ethics" of Ethical Investing.Mark S. Schwartz - 2003 - Journal of Business Ethics 43 (3):195 - 213.
    There appears to be an implicit assumption by those connected with the ethical investment movement (e.g., ethical investment firms, individual investors, social investment organizations, academia, and the media), that ethical investment is in fact ethical. This paper will attempt to challenge the notion that the ethical mutual fund industry, as currently taking place, is acting in an ethical manner. Ethical issues such as the transparency of the funds and advertising are discussed. Ethical mutual fund screens such as tobacco, alcohol, gambling, (...)
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  • The development of ethical investment products.Christopher J. Cowton - 1994 - In Andreas R. Prindl & Bimal Prodham (eds.), Ethical conflicts in finance. Cambridge: Blackwell Finance. pp. 213--232.
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  • Ethical investment: Whose ethics, which investment?Russell Sparkes - 2001 - Business Ethics, the Environment and Responsibility 10 (3):194–205.
    Ethical or socially responsible investment is one of the most rapidly growing areas of finance. New government regulations mean that all pension funds are obliged to take such considerations into account. However, this phenomenon has received little critical attention from business ethicists, and a clear conceptual framework is lacking. This paper, by a practitioner in the field, attempts to fill this analytical gap. It considers what difference, if any, lies between the terms ‘ethical’, ‘green’, or ‘socially responsible’. It also tackles (...)
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  • (2 other versions)FOCUS: Key issues in ethical investment.Marc Cooper & Bodo B. Schlegelmilch - 1993 - Business Ethics, the Environment and Responsibility 2 (4):213–227.
    Welcome precision is brought to the idea, history, types and motives of ethical investment in what will become an authoritative review of the subject. Marc Cooper is a postgraduate researcher at the European Business Management School, University of Wales, and Bodo Schlegelmilch, recently British Rail Professor of Marketing there, has recently been appointed Professor of Marketing at the American Graduate School of International Management (Thunderbird), Phoenix, Arizona.
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  • 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 (...)
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  • (2 other versions)FOCUS: Key Issues in Ethical Investment.Marc Cooper & Bodo B. Schlegelmilch - 1993 - Business Ethics: A European Review 2 (4):213-227.
    Welcome precision is brought to the idea, history, types and motives of ethical investment in what will become an authoritative review of the subject. Marc Cooper is a postgraduate researcher at the European Business Management School, University of Wales, and Bodo Schlegelmilch, recently British Rail Professor of Marketing there, has recently been appointed Professor of Marketing at the American Graduate School of International Management (Thunderbird), Phoenix, Arizona.
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  • (1 other version)Bridging the Gap Between the Promise and Performance of Socially Responsible Funds.Donald H. Schepers & S. Prakash Sethi - 2003 - Business and Society Review 108 (1):11-32.
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  • The Ethics of Socially Responsible Investing.Michael Monahan - 2002 - Business and Professional Ethics Journal 21 (3-4):27-46.
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