Keeping Ethical Investment Ethical: Regulatory Issues for Investing for Sustainability

Richardson, Benjamin J.

doi:10.1007/s10551-008-9958-y

Cited by 188 publications

(150 citation statements)

References 20 publications

Supporting

Mentioning

131

Contrasting

Unclassified

Order By: Relevance

“…As a matter of fact, the consonance between these stakeholders' expectations and the way that the entrepreneur presents and discloses the performance is crucially related to reputation [68,69], and previous researchers cite cooperation with the environment as a critical aspect to successfully build public trust and a solid reputation [70][71][72]. Other authors also mention the influence of environmental, social and governance factors on reputation [73][74][75][76], with communication playing a key role in order to achieve the competitive advantage related to public trust, community confidence and social approval [77]. Actually, this challenge should become a key concern for directors [78] given its usefulness during crisis management [79].…”

Section: Reputation As a Competitive Advantagementioning

confidence: 99%

Reputation, Game Theory and Entrepreneurial Sustainability

2016

View full text Add to dashboard Cite

Abstract:This manuscript provides a novel approach to reputational management as a driver of entrepreneurial sustainability, using game theory to integrate three dimensions of reputation. First, if the entrepreneur perceives reputation as a risk source, the analysis is framed as a prisoner's dilemma schema that is solved by protecting against reputational threats from entrepreneurial sustainability. Second, if the entrepreneur perceives reputation as a competitive advantage, the analysis is framed as an innovator's dilemma that is solved by getting reputational opportunities from entrepreneurial sustainability. Third, if reputation is perceived as a strategic asset, the analysis is framed as a coordination game schema that results in the development of a reputational intelligence skill that has the potential to become crucial for success in entrepreneurial sustainability. Consequently, this manuscript provides an original multidisciplinary analysis of reputational management by relating well-known theoretical results from game theory to organizational realities.

show abstract

Section: Reputation As a Competitive Advantagementioning

confidence: 99%

Reputation, Game Theory and Entrepreneurial Sustainability

2016

View full text Add to dashboard Cite

show abstract

“…The purpose of this is to encourage and assist SR behavior in companies (Bischofskonferenz 2010). Richardson (2009) criticizes the ethical screening approach. He notes that, ''in a milieu where SRI is largely a matter of voluntary choice,'' some financiers only ''masquerade'' as responsible investors without really changing their underlying unethical practices.…”

Section: Guideline Portfolio Investmentmentioning

confidence: 99%

“…Initially, ethical investments were driven primarily by moral desire and the perceived responsibility to improve the world, whereas today SRI is mainly driven by the desire to increase returns, and/or to reduce investment risk. Therefore, he advocates increased governmental regulation in the SRI arena, highlighting that current voluntary normative regimes-such as the UN Principles of Responsible Investment-seem insufficient (Richardson 2009). Besides the classical approaches of positive and negative screening, mixed strategies-such as the two-stage approach, which starts with negative screening followed by positive criteria, and the trade-off approach, which calculates an overall score or rating for companies-are discussed (Cowton 1999).…”

Section: Guideline Portfolio Investmentmentioning

confidence: 99%

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

“…Table 2 identifies the main statements within each paper for each driver defined. By analyzing the results, two main categories may be identified: 1) papers highlighting the need to adopt socially responsible and sustainable paradigms and methods of asset pricing (Choi & Gray, 2008;Fatemi & Fooladi, 2013;Hoechstaedter and Scheck, 2015;Humprey et al, 2012;Neal and Cochran, 2008;Richardson, 2009;Soppe, 2004), and 2) papers demonstrating the positive impact of ESG ratings and the adoption of socially responsible and sustainable investor behavior on financial performances (Eberhardt-Toth & Wasieleski, 2012;Girerd-Potin et al, 2014;Hebb et al, 2010).…”

Section: Resultsmentioning

confidence: 99%

Behavioral Issues for Sustainable Investment Decision-Making: A Literature Review

Tomo¹,

Landi²

2016

IJBM

View full text Add to dashboard Cite

The aim of this work is to understand the role of the Environmental, Social and Governance (ESG) paradigm in the corporate assessment by investors and the use of this paradigm as guide for managerial decision-making process by corporations. A review of the international literature is provided using five different couples of keywords on Thomson Reuters ISI Web of Knowledge research engine. The literature production increased only after the 2007 crisis and the median year of the results is 2011, thus highlighting just a recent attention to themes as ethics and corporate social responsibility. Main limitations are related to the classic limitations of literature reviews, as the choice of number and type of keywords and journals, the resulting selection of studies, the choice of relevant outcomes and the interpretation, generalization and application of results. The study provides both theoretical and practical implications: a complete review of contributions on the theme is provided; then, some insights in investors and corporations behaviors through the ESG lens, thus suggesting a more ethical and responsible behavior in investment decision-making processes.

show abstract

Keeping Ethical Investment Ethical: Regulatory Issues for Investing for Sustainability

Abstract: financial markets, ethical investment, socially responsible investment, sustainable development, environmental law,

Cited by 188 publications

References 20 publications

Reputation, Game Theory and Entrepreneurial Sustainability

Reputation, Game Theory and Entrepreneurial Sustainability

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

Behavioral Issues for Sustainable Investment Decision-Making: A Literature Review

Contact Info

Product

Resources

About