Weitere Kapitel dieses Buchs durch Wischen aufrufen
Socially responsible investment (SRI) is the practice of incorporating social and environmental goals into investment decisions. Therefore, SRI is a strategy that encourages corporate practices that promote social responsibility and laudable initiatives such as impact investing, shareholder advocacy and community investing (Guay, Doh, & Sinclair, 2004; Sparkes & Cowton, 2004; Schueth, 2003). The rationale behind SRI is to consider both financial return as well as responsible investments for societal development. Its goals are based upon environmental issues, human rights, community involvement and labour relations (Friedman & Miles, 2001; Ooi & Lajbcygier, 2013; Sparkes, 2003).
Bitte loggen Sie sich ein, um Zugang zu diesem Inhalt zu erhalten
Sie möchten Zugang zu diesem Inhalt erhalten? Dann informieren Sie sich jetzt über unsere Produkte:
Arnold, P., & Hammond, T. (1994). The role of accounting in ideological conflict: Lessons from the South African divestment movement. Accounting, Organizations and Society, 19(2), 111–126.
Auer, B. R. (2016). Do socially responsible investment policies add or destroy European Stock Portfolio value? Journal of Business Ethics, 135(2), 381–397.
Barber, R. (1982). Pension funds in the United States issues of investment and control. Economic and Industrial Democracy, 3(1), 31–73.
BCC. (2009). Why wall street is wooing women and their future wealth. Time Magazine. Retrieved May 12, 2016, from http://time.com/money/2992759/what-do-women-investors-want/
Becchetti, L., & Salustri, F. (2015). The vote with the wallet as a Multiplayer Prisoner’s Dilemma (Working Papers 141). Retrieved May 14, 2016, from http://www.aiccon.it/file/convdoc/wp141.pdf
Bengtsson, E. (2008). Socially responsible investing in Scandinavia–A comparative analysis. Sustainable Development, 16(3), 155–168.
Benjamin, L., Rubin, J. S., & Zielenbach, S. (2004). Community development financial institutions: Current issues and future prospects. Journal of Urban Affairs, 26(2), 177–195.
Benijts, T. (2010). A framework for comparing socially responsible investment markets: An analysis of the Dutch and Belgian retail markets. Business Ethics: A European Review, 19(1), 50–63.
Berry, T. C., & Junkus, J. C. (2013). Socially responsible investing: An investor perspective. Journal of Business Ethics, 112(4), 707–720.
Bilbao-Terol, A., Arenas-Parra, M., Cañal-Fernández, V., & Bilbao-Terol, C. (2013). Selection of socially responsible portfolios using hedonic prices. Journal of Business Ethics, 115(3), 515–529.
Blue & Green Tomorrow. (2012). Positive investing is the way forward for ethical investors. Retrieved May 12, 2016, from http://blueandgreentomorrow.com/features/positive-investing-is-the-way-forward-for-ethical-investors/
Brundtland, G. H. (1989). Global change and our common future. Environment: Science and Policy for Sustainable Development, 31(5), 16–43.
Bugg-Levine, A., & Emerson, J. (2011). Impact investing: Transforming how we make money while making a difference. Innovations, 6(3), 9–18.
Camilleri, M. A. (2015a). Environmental, social and governance disclosures in Europe. Sustainability Accounting, Management and Policy Journal, 6(2), 224–242.
Camilleri, M. A. (2015b). Valuing stakeholder engagement and sustainability reporting. Corporate Reputation Review, 18(3), 210–222.
Carroll, A. B. (1999). Corporate social responsibility evolution of a definitional construct. Business & Society, 38(3), 268–295.
CSRA. (2017). Socially responsible investing. Corporate social responsibility association. Retrieved May 15, 2016, from http://csra.shuttlepod.org/page-537991
Domini, A. (2011). Want to make a difference? Invest responsibly. Huffington Post. Retrieved May 13, 2016, from http://www.huffingtonpost.com/amy-domini/want-to-make-a-difference_b_834756.html
Eccles, R. G., Ioannou, I., & Serafeim, G. (2012). The impact of a corporate culture of sustainability on corporate behavior and performance (No. W17950). Cambridge, MA: National Bureau of Economic Research.
Elkington, J. (1997). Cannibals with forks. The triple bottom line of 21st century. Oxford: Capstone Publishing.
Emmelhainz, M. A., & Adams, R. J. (1999). The apparel industry response to “sweatshop” concerns: A review and analysis of codes of conduct. Journal of Supply Chain Management, 35(2), 51–57.
Entine, J. (2003). The myth of social investing: A critique of its practice and consequences for corporate social performance research. Organization & Environment, 16(3), 352.
EUROSIF. (2014). Press release: 6th sustainable and responsible investment study 2014. Europe-based National Sustainable Investment Forums. Retrieved May 14, 2016, from http://www.eurosif.org/wp-content/uploads/2014/09/Press-Release-European-SRI-Study-2014-English-version.pdf
Friedman, A. L., & Miles, S. (2001). Socially responsible investment and corporate social and environmental reporting in the UK: An exploratory study. The British Accounting Review, 33(4), 523–548.
Garriga, E., & Melé, D. (2004). Corporate social responsibility theories: Mapping the territory. Journal of Business Ethics, 53(1–2), 51–71.
GRI. (2012). Sustainability information important to investors and analysts. Retrieved May 12, 2016, from https://www.globalreporting.org/information/news-and-press-center/Pages/Sustainability-information-important-to-investors-and-analysts-New-research-reveals-that-investors-and-analysts.aspx
Ghoul, W., & Karam, P. (2007). MRI and SRI mutual funds: A comparison of Christian, Islamic (morally responsible investing), and socially responsible investing (SRI) mutual funds. Journal of Investing, 16(2), 96.
Gillan, S. L., & Starks, L. T. (2000). Corporate governance proposals and shareholder activism: The role of institutional investors. Journal of Financial Economics, 57(2), 275–305.
Gray, H. (1983). New directions in the investment and control of pension funds (pp. 36–37). Washington DC: Investor Responsibility Research Centre.
Guay, T., Doh, J. P., & Sinclair, G. (2004). Non-governmental organizations, shareholder activism, and socially responsible investments: Ethical, strategic, and governance implications. Journal of Business Ethics, 52(1), 125–139.
Halvorssen, A. M., & Eldredge, C. (2014). Investing in sustainability: Reform proposals for the ethics guidelines of the Norwegian Sovereign Wealth Fund. European Company Law, 11(2).
Hockerts, K., & Moir, L. (2004). Communicating corporate responsibility to investors: The changing role of the investor relations function. Journal of Business Ethics, 52(1), 85–98.
Hong, H., & Kacperczyk, M. (2009). The price of sin: The effects of social norms on markets. Journal of Financial Economics, 93(1), 15–36.
Jackson, E. T. (2013). Interrogating the theory of change: Evaluating impact investing where it matters most. Journal of Sustainable Finance & Investment, 3(2), 95–110.
Jemel-Fornetty, H., Louche, C., & Bourghelle, D. (2011). Changing the dominant convention: The role of emerging initiatives in mainstreaming ESG. Finance and Sustainability: Towards a New Paradigm, 85–117.
Kempf, A., & Osthoff, P. (2007). The effect of socially responsible investing on portfolio performance. European Financial Management, 13(5), 908–922.
Krumsiek, B. J. (1997). The emergence of a new era in mutual fund investing: Socially responsible investing comes of age. The Journal of Investing, 6(4), 25–30.
Lane, M. J. (2015). The mission-driven venture: Business solutions to the world’s most vexing social problems. Hoboken, NJ: Wiley.
Lemke, T. P., & Lins, G. T. (2014). Regulation of investment advisers. Securities law handbook series. New York, NY: Clark Boardman Callaghan.
Lemke, T. P., Lins, G. T., Hoenig, K. L., & Rube, P. S. (2015). Hedge funds and other private funds: Regulation and compliance. In press.
Lobe, S., & Walkshäusl, C. (2011, May 9). Vice vs. virtue investing around the world. Virtue Investing Around the World.
Logue, A. C. (2009). Socially responsible investing for dummies. Indianapolis, IN: Wiley.
Lydenberg, S. D. (2002). Envisioning socially responsible investing. Journal of Corporate Citizenship, 7, 57–77.
Mansuri, G., & Rao, V. (2004). Community-based and-driven development: A critical review. The World Bank Research Observer, 19(1), 1–39.
Maretick, M. (2015). Women rule: Why the future of social, sustainable and impact investing is in female hands. Triple Pundit. Retrieved June 2, 2016, from http://www.triplepundit.com/2015/04/women-rule-future-social-sustainable-impact-investing-female-hands/#
Matten, D., & Moon, J. (2008). “Implicit” and “explicit” CSR: A conceptual framework for a comparative understanding of corporate social responsibility. Academy of Management Review, 33(2), 404–424.
McCann, L., Solomon, A., & Solomon, J. (2003). Explaining the growth in UK socially responsible investment. Journal of General Management, 28(4), 15–36.
Miller, A. (1992). Green investment. In D. Owen (Ed.), Green reporting: Accountancy and the challenge of the nineties (pp. 242–255). London: Chapman and Hall.
Nayar, M. G. (1978). Human rights: The United Nations and United States Foreign Policy: Introduction. Harvard International Law Journal, 19, 813.
Ooi, E., & Lajbcygier, P. (2013). Virtue remains after removing sin: Finding skill amongst socially responsible investment managers. Journal of Business Ethics, 113(2), 199–224.
Pienitz, R., & Vincent, W. F. (2000). Effect of climate change relative to ozone depletion on UV exposure in subarctic lakes. Nature, 404, 484–487.
Pivo, G. (2008). Responsible property investment criteria developed using the Delphi Method. Building Research & Information, 36(1), 20–36.
Porter, M. E., & Kramer, M. R. (2011). The big idea: Creating shared value. Harvard Business Review, 89(1), 2.
Renneboog, L., Ter Horst, J., & Zhang, C. (2008). Socially responsible investments: Institutional aspects, performance, and investor behavior. Journal of Banking & Finance, 32(9), 1723–1742.
Reynolds, P., Goldberg, D. E., & Hurley, S. (2004). Prevalence and patterns of environmental tobacco smoke exposures among California teachers. American Journal of Health Promotion, 18(5), 358–365.
Rhodes, M. J. (2010). Information asymmetry and socially responsible investment. Journal of Business Ethics, 95(1), 145–150.
Richardson, B. J. (2008). Socially responsible Investment Law: Regulating the Unseen Polluters. Oxford: Oxford University Press.
Rojas, M., M’zali, B., Turcotte, M., & Merrigan, P. (2009). Bringing about changes to corporate social policy through shareholder activism: Filers, issues, targets, and success. Business and Society Review, 114(2), 217–252.
Schepers, D. H., & Prakash Sethi, S. (2003). Bridging the gap between the promise and performance of socially responsible funds. Business and Society Review, 108(1), 11–32.
Scholtens, B. (2005). Style and performance of Dutch socially responsible investment funds. The Journal of Investing, 14(1), 63–72.
Scholtens, B., & Sievänen, R. (2013). Drivers of socially responsible investing: A case study of four Nordic countries. Journal of Business Ethics, 115(3), 605–616.
Schueth, S. (2003). Socially responsible investing in the United States. Journal of Business Ethics, 43(3), 189–194.
Smith, M. P. (1996). Shareholder activism by institutional investors: Evidence from CalPERS. The Journal of Finance, 51(1), 227–252.
Sparkes, R. (2001). Ethical investment: Whose ethics, which investment? Business Ethics: A European Review, 10(3), 194–205.
Sparkes, R. (2003). Socially responsible investment: A global revolution. Chichester: Wiley.
Sparkes, R., & Cowton, C. J. (2004). The maturing of socially responsible investment: A review of the developing link with corporate social responsibility. Journal of Business Ethics, 52(1), 45–57.
Statman, M. (2000). Socially responsible mutual funds (corrected). Financial Analysts Journal, 56(3), 30–39.
Sullivan, L. (1983). Agents for change: The mobilization of multinational companies in South Africa. Law & Pol’y Int’l Bus, 15, 427.
USSIF. (2017). SRI basics: What is sustainable, responsible and impact investing. The forum for sustainable and responsible investment. Retrieved May 14, 2016, from http://www.ussif.org/sribasics
Walker, H., & Brammer, S. (2009). Sustainable procurement in the United Kingdom public sector. Supply Chain Management: An International Journal, 14(2), 128–137.
Wright, P., & Ferris, S. P. (1997). Research notes and communications agency conflict and corporate strategy: The effect of divestment on corporate value. Strategic Management Journal, 18, 77–83.
- Socially Responsible and Sustainable Investing
Mark Anthony Camilleri
- Chapter 4
Neuer Inhalt/© Stellmach, Neuer Inhalt/© BBL, Neuer Inhalt/© Maturus, Pluta Logo/© Pluta, Neuer Inhalt/© hww, digitale Transformation/© Maksym Yemelyanov | Fotolia