How Should Responsible Investors Behave? Keynes’s Distinction Between Entrepreneurship and Speculation Revisited

Hecker, Christian

doi:10.1007/s10551-020-04427-2

Cited by 6 publications

(1 citation statement)

References 32 publications

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“…Indeed, recent research has argued that prioritising investing based on fundamental analysis, values and ethics rather than speculation is in line with sustainability. 134 Monitoring and engagement with the investee companies as a form of active ownership constitute a key investment stewardship approach in faith-based investing. On the secular front, the UN Principles of Responsible Investment, 135 the UK Stewardship Code 136 and the Malaysian Code for Institutional Investors 137 have stipulated stewardship principles which overlap with the stewardship values and practices under the umbrella of faith-based investing.…”

Section: Faith-based Investing Values: Conceptual Alignment and Nexus...mentioning

confidence: 99%

Faith-Based Investing, Stewardship, and Sustainability: A Comparative Analysis

Tan Tjin Yi

2023

Erasmus Law Review

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This article discusses how faith-based investing addresses sustainability, focusing on Catholic, Church of England, and Islamic faith-based investing in the US, the UK and Malaysia, respectively, as illustrative examples. It posits that there are three dimensions to how these three institutional religions approach sustainability through faith-based investing, namely the underpinning religious values and principles, the legal and regulatory framework governing faith-based investing, and investment stewardship approaches. Section 2 provides an overview of sustainability and sustainable finance, situating faith-based investing within the universe of socially responsible investing and environmental, social and governance investing. Section 3 delves into sustainability and the values and organising principles underpinning Catholic, Church of England, and Islamic faith-based investing to highlight areas of conceptual alignment and their nexus to sustainability. Section 4 examines the legal and regulatory frameworks governing faith-based investing contrasting an extensive reliance on soft law in the US context with specifically tailored law and regulation for Islamic faith-based investing in Malaysia and considers its implications on the certification of faith-based investing as a central element. Section 5 compares the faith-based investment stewardship approaches in these jurisdictions to identify areas of convergence and divergence. Section 6 reflects on the broader opportunities which faith-based investing encounters in its development and the challenges it faces in advancing sustainability.

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Section: Faith-based Investing Values: Conceptual Alignment and Nexus...mentioning

confidence: 99%

Faith-Based Investing, Stewardship, and Sustainability: A Comparative Analysis

Tan Tjin Yi

2023

Erasmus Law Review

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Risks of Investing in Business Projects: Analysis, Evaluation, Management

Satsuk

Zhutiaeva

Vladimirova

et al. 2022

International Scientific Siberian Transport Forum TransSiberia - 2021

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Keynes‘ Überlegungen zu unternehmerischem Handeln unter Unsicherheit

Hecker

2021

Wirtschaftsdienst

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ZusammenfassungAus Sicht von Keynes hängt das Erfolgspotenzial der Marktwirtschaft nicht nur von der staatlichen Wirtschaftspolitik ab, sondern ebenso vom Wirken vorausschauender Unternehmer:innen. Diese sollen sich seiner Meinung nach dadurch auszeichnen, dass sie trotz allgegenwärtiger Unsicherheit langfristige Erwartungen bilden und auf eigene Verantwortung danach handeln. Dadurch tragen sie maßgeblich zu wirtschaftlicher Stabilität, Humankapitalbildung und technischem Fortschritt bei. Aus heutiger Sicht zeigt sich die Bedeutung des Unternehmertums vor allem im Hinblick auf die Entwicklung nachhaltiger Geschäftsmodelle, während die Orientierung an kapitalmarktbasierten Benchmarks zu gravierenden Fehlsteuerungen führen kann.

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How Should Responsible Investors Behave? Keynes’s Distinction Between Entrepreneurship and Speculation Revisited

Cited by 6 publications

References 32 publications

Faith-Based Investing, Stewardship, and Sustainability: A Comparative Analysis

Faith-Based Investing, Stewardship, and Sustainability: A Comparative Analysis

Risks of Investing in Business Projects: Analysis, Evaluation, Management

Keynes‘ Überlegungen zu unternehmerischem Handeln unter Unsicherheit

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