Ethical investment processes and outcomes

Journal of Business Ethics

Volumn 52, Issue 1, 2004, Pages 1-10

  Michelson, Grant ^a   Wailes, Nick ^a   Van Der Laan, Sandra ^a,b   Frost, Geoff ^a  

^a UNIVERSITY OF SYDNEY   (Australia)

^b APCEA ^*

Author keywords

Corporate social responsibility; Ethical investment; Funds management; Screening; Socially responsible investing

Indexed keywords

EID: 4043077675     PISSN: 01674544     EISSN: None     Source Type: Journal    
DOI: 10.1023/B:BUSI.0000033103.12560.be     Document Type: Review

References (43)

1. Angel, J. J. and P. Rivoli: 1997, 'Does Ethical Investing Impose a Cost Upon the Firm? A Theoretical Perspective', Journal of Investing 6(4), 57-61.
2. Baker, D. and A. Fung: 2001, 'Collateral Damage: Do Pension Fund Investments Hurt Workers?' in A. Fung, T. Hebb, and J. Rogers, (eds.), Working Capital: The Power of Labor's Pensions (Cornell University Press, Ithaca).
3. Bushee, B.: 2001, 'Do Institutional Investors Prefer Near-Term Earnings over Long Run Value?', Contemporary Accounting Research 18(2), 207-242.
4. Carswell, A.: 2002, 'Crisis of Conscience', Australian CPA 72(3), 26-27.
5. Cready, W.: 2001, 'The Separation Theorem, Investor 'Mypoia', and Market Prices: A Discussion of "Do Institutional Investors Prefer Near-Term Earnings over Long-Run Value?"', Contemporary Accounting Research 18(2), 247-256.
6. Cullis, J. G., A. Lewis and A. Winnett: 1992, 'Paying to be Good? U.K. Ethical Investments', Kyklos 45(1), 3-23.
7. Cummings, L. A.: 2000, 'The Financial Performance of Ethical Investment Trusts: An Australian Perspective', Journal of Business Ethics 25(1), 79-92.
8. Dillenburg, S., T. Greene and H. Erekson: 2003, 'Approaching Socially Responsible Investment with a Comprehensive Ratings Scheme: Total Social Impact', Journal of Business Ethics 43(3), 167-177.
9. Drury, B.: 2003, 'Green with Envy', Sydney Morning Herald, 3 December.
10. Dunfee, T. W.: 2003, 'Social Investing: Mainstream or Backwater?', Journal of Business Ethics 43(3), 247-252.
11. Hickman, K. A., W. R. Teets and J. J. Kohls: 1999, 'Social Investing and Modern Portfolio Theory', American Business Review 17(1), 72-78.
12. Hirschman, A. O.: 1970, Exit, Voice, and Loyalty (Harvard University Press, Cambridge, US).
13. Hoggett, J. and M. Nahan: 2002, 'Ethical Investment - Deconstructing the Myth', IPA Review 54(3), 3-6.
14. Hollingworth, S.: 1998, 'Green Investing: A Growing Concern?', Australian CPA 68(4), 28-30.
15. Irvine, W. B.: 1987, 'The Ethics of Investing', Journal of Business Ethics 6(3), 233-242.
16. Lazonick, W. and M. O'Sullivan: 2000, 'Maximising Shareholder Value: A New Ideology for Corporate Governance', Economy and Society 29(1), 13-35.
17. Lewis, A.: 2002, Morals, Markets and Money: Ethical, Green and Socially Responsible Finance (Financial Times-Prentice Hall, Harlow, UK).
18. Lewis, A. and C. Mackenzie: 2000a, 'Morals, Money, Ethical Investing and Economic Psychology', Human Relations 53(2), 179-191.
19. Lewis, A. and C. Mackenzie: 2000b, 'Support for Investor Activism among U.K. Ethical Investors', Journal of Business Ethics 24(3), 215-222.
20. Mackenzie, C. and A. Lewis: 1999, 'Morals and Markets: The Case of Ethical Investing', Business Ethics Quarterly 9(3), 439-452.
21. Mallin, C. A., B. Saadouni and R. Briston: 1995, 'The Financial Performance of Ethical Investment Funds', Journal of Business Finance and Accounting 22(4), 483-496.
22. Murray, L.: 2003, 'Making Money with God on your Side', Australian Financial Review 6, October.
23. Rivoli, P.: 2003, 'Making a Difference or Making a Statement? Finance Research and Socially Responsible Investment', Business Ethics Quarterly 13(3), 271-287.
24. Schepers, D. H. and S. P. Sethi: 2003, 'Do Socially Responsible Funds Actually Deliver what they Promise? Bridging the Gap Between the Promise and Performance of Socially Responsible Funds', Business and Society Review 108(1), 11-32.
25. Schlegelmilch, B.: 1997, 'The Relative Importance of Ethical and Environmental Screening: Implications for the Marketing of Ethical Investment Funds', International Journal of Bank Marketing 15(2), 48-53.
26. Schueth, S.: 2003, 'Socially Responsible Investing in the United States', Journal of Business Ethics 43(3), 189-194.
27. Schwartz, M. S.: 2003, 'The "Ethics" of Ethical Investing', Journal of Business Ethics 43(3), 195-213.
28. Social Investment Forum: 2001, Report on Socially Responsible Investing Trends in the United States (available at: www.socialinvest.org).
29. Solomon, J., A. Solomon and S. Norton: 2002, 'Socially Responsible Investment in the UK: Drivers and Current Issues', Journal of General Management 27(3), 1-13.
30. Sparkes, R.: 2001, 'Ethical Investment: Whose Ethics, Which Investment?', Business Ethics: A European Review 10(3), 194-205.
31. Spiller, R.: 2000, 'Ethical Business and Investment: A Model for Business and Society', Journal of Business Ethics 27(1/2), 149-160.
32. Stone, B. A.: 2001, 'Corporate Social Responsibility and Institutional Investment', Business and Society 40(1), 112-117.
33. Taylor, R.: 2001, 'Putting Ethics into Investment', Business Ethics: A European Review 10(1), 53-60.
34. Tippet, J.: 2001, 'Performance of Australia's Ethical Funds', Australian Economic Review 34(2), 170-178.
35. Tippet, J. and P. Leung: 2001, 'Defining Ethical Investment and its Demography in Australia', Australian Accounting Review 11(3), 44-55.
36. Total Environment Centre (TEC): 2003, Ethical? Investment: A Review of the Socially Responsible Investment Industry in Australia (TEC, Sydney).
37. Useem, M.: 1993, Executive Defense: Shareholder Power and Corporate Reorganization (Harvard University Press, Cambridge, MA).
38. Useem, M.: 1996, Investor Capitalism: How Money Managers are Changing the Face of Corporate America (Basic Books, New York).
39. Useem, M.: 1998, 'Corporate Leadership in a Globalizing Equity Market', Academy of Management Executive 12(4), 43-59.
40. Webley, P., A. Lewis and C. Mackenzie: 2001, 'Commitment Among Ethical Investors: An Experimental Approach', Journal of Economic Psychology 22(1), 27-42.
41. Williams, C. and L. Sharamitaro: 2002, 'Building a Model for Culturally Responsible Investment', Journal of Arts Management, Law and Society 32(2), 144-158.
42. Williams, S.: 1999, 'U.K. Ethical Investment: A Coming of Age', Journal of Investing 8(2), 58-75.
43. Yach, D., S. Brinchmann and S. Bellet: 2001, 'Healthy Investments and Investing in Health', Journal of Business Ethics 33(3), 191-198.