A Critical Review of Sustainable Business Indices and their Impact

Fowler, Stephen J.; Hope, Chris

doi:10.1007/s10551-007-9590-2

Cited by 217 publications

(167 citation statements)

References 22 publications

Supporting

Mentioning

152

Contrasting

Unclassified

Order By: Relevance

“…Another specific aspect of Islamic banking is the abandonment of the fixed-income market, since receiving and paying interest rates are not permitted (Hussein and Omran 2005). Furthermore, a growing environmental movement has raised its concerns (Fowler and Hope 2007). More recently, personal ethical and social convictions have become more important.…”

Section: Historical Developmentmentioning

confidence: 99%

“…In their paper Fowler and Hope (2007) provide an overview of the major sustainability indices, which screening methods they use and which benchmark index underlies them. The best-known indices are introduced in detail by Sparkes (2002:295).…”

Section: Performance Of Sr Investmentsmentioning

confidence: 99%

“…To summarize to date the relationship between social responsibility and returns has not been conclusive. Fowler and Hope (2007) conclude that ''Despite the considerable research, there is no consensus in the academic or practitioner communities on the relative performance of SRI mutual funds.'' A possible explanation for the different results discussed above is provided by Barnett and Salomon (2006), who put forward a possible solution on why the debate on the relationship between SRI and financial performance has gone on for so long.…”

Section: Sr [ Conventional Portfolio Returnsmentioning

confidence: 99%

See 2 more Smart Citations

Ethical requirement and financial interest: a literature review on socially responsible investing

Wallis¹,

Klein

2014

Bus Res

130

View full text Add to dashboard Cite

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Abstract This paper provides an overview of the status quo in socially responsible investing (SRI) literature. We outline motives, history, and current best practice of SRI. We also provide a thorough analysis of a wide set of studies that cover two key topics in this field: the first research objective is to determine the relative performance of SRI vehicles in comparison to their conventional benchmarks. Our metaanalysis shows that most research studies find that socially responsible (SR) investments perform equal to conventional investments, but these findings are challenged by contradictory results from other studies. The second objective is to analyze SR behavior's effects on a company's financial results. We cover the period between 1986 and 2012. This paper provides future researchers with a well-documented and structured overview of the existing literature on SRI, thereby identifying gaps that might be closed by future research. Terms of use: Documents in EconStor may

show abstract

Section: Historical Developmentmentioning

confidence: 99%

Section: Performance Of Sr Investmentsmentioning

confidence: 99%

Section: Sr [ Conventional Portfolio Returnsmentioning

confidence: 99%

See 1 more Smart Citation

Ethical requirement and financial interest: a literature review on socially responsible investing

Wallis¹,

Klein

2014

Bus Res

130

View full text Add to dashboard Cite

show abstract

“…Additionally, certain incentives motivating companies to pursue sustainability management can be identified which only impact stock index listed companies, such as the opportunity to be included in prestigious sustainability indices, like the Dow Jones Sustainability Index [69][70][71]. To control for the effect of being listed in well-known stock indices, another dummy variable was introduced indicating whether or not a company belongs to either the DAX or the MDAX, the two major German stock indices.…”

Section: Being Supportive Of Corporate Sustainability and The Applicamentioning

confidence: 99%

Involving Corporate Functions: Who Contributes to Sustainable Development?

et al. 2014

View full text Add to dashboard Cite

A large body of literature claims that corporate sustainable development is a cross-functional challenge, which requires all functional units to be involved. However, it remains uncertain to what extent and in which way different corporate functions are actually involved in corporate sustainability management. To bridge this research gap, our paper draws on a concept of involvement introduced in the field of consumer behavior. Based on this previous research, our paper distinguishes two components of involvement: first, a cognitive-affective component, incorporating being affected by sustainability issues and being supportive of corporate sustainability; and second, a behavioral component, represented by the application of sustainability management tools. We use this concept to empirically analyze the involvement of corporate functions in sustainability management and find considerable differences in large German companies. Whereas public relations and strategic management are heavily involved, finance, accounting and management control appear not to be involved. A multinomial logistic regression shows that the cognitive-affective component significantly influences the behavioral component, with a functional unit being affected influencing the application of tools the most. Building on the model proposed, the paper provides implications on how to increase a functional unit's involvement in sustainability management.

show abstract

“…Pensions funds doubt the materiality of the information reported according to GRI Guidelines, which has already been debated (Boiral, 2013;Moneva, 2006). Concerning sustainability indexes, companies recognized that they may be useful, but they have their limitations as Fowler and Hope (2007) pointed out. They are perceived as a kind of reputational ranking rather than evidence of good ESG management and performance.…”

Section: Barriers For Esg Integration In Spainmentioning

confidence: 99%

Drivers and Barriers of Environmental, Social and Governance Information in Investment Decision-Making: The Spanish Case

Paredes-Gázquez¹,

Benito²,

González³

2014

IJBM

View full text Add to dashboard Cite

Socially responsible investment (SRI) and the consideration of environmental, social and governance (ESG) issues when investing has experienced tremendous growth in recent years around the world and especially in Europe. The aim of this paper is to analyse the drivers and barriers to the integration of ESG information in the financial market and why Spain has not kept pace with countries that have traditionally been leaders in SRI. For this purpose, we interviewed Spanish investors, asset managers, analysts and invested companies (in particular investor relations departments) to analyze their perceptions of ESG integration and determine the specific drivers and barriers to ESG integration in investment.

show abstract

A Critical Review of Sustainable Business Indices and their Impact

Abstract: CSR, SRI, sustainable indices, sustainable investing, sustainable mutual funds,

Cited by 217 publications

References 22 publications

Ethical requirement and financial interest: a literature review on socially responsible investing

Ethical requirement and financial interest: a literature review on socially responsible investing

Involving Corporate Functions: Who Contributes to Sustainable Development?

Drivers and Barriers of Environmental, Social and Governance Information in Investment Decision-Making: The Spanish Case

Contact Info

Product

Resources

About