Key challenges facing the socially responsible investment (SRI) sector in South Africa

Investment Analysts Journal

Volumn 70, Issue 1, 2009, Pages 11-26

  Herringer, A ^b   Firer, C ^a   Viviers, S ^b  

^a UNIVERSITY OF CAPE TOWN   (South Africa)

^b NELSON MANDELA METROPOLITAN UNIVERSITY   (South Africa)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 73149106174     PISSN: 10293523     EISSN: 20770227     Source Type: Journal    
DOI: 10.1080/10293523.2009.11082511     Document Type: Article

References (53)

1. 2006 Fearless forecast: What do investment managers thing about responsible investing. 2006? Mercer Investment Consulting, March. Retrieved 22 September 2006, from http://www.mercerIC.com
2. Balch O. 2005. Brazil and socially responsible investment - Indexing responsible companies. 2008. Ethical Corporation, 27 September. Retrieved 10 January 2006, from http://www.ethicalcorp.com/content.asp?ContentID=3906
3. Baue W. 2003. SRI growing amongst European institutional investors and in Asian emerging markets. Social Funds, 17 October. Retrieved 15 July 2004, from http://www.socialfunds.com/news/article.cgi/article124 5.html
4. Bauer R, Koedijk K and Otten R. 2005. International evidence on ethical mutual fund performance and investment style. Journal of Banking & Finance, 29(7): 1751-1767.
5. Becker E and McVeigh P. 1999. Social funds in the United States: Their history, financial performance and societal impacts. Washington: Second National Heartland Labor-Capital Conference.
6. Bonorchis R. 2006. Pension funds consider social investment. Business Report, 16 February. Retrieved 20 February 2006, from http://www.busrep.co.za/index.php?fSectionId=&fArticleId=3117094
7. Business and sustainable development: A global guide. 2007. Retrieved 1 August 2008, from http://www.bsdglobal.com/banking/sus_investment.asp
8. Cameron B. 2006. State pension fund to turn up heat on corporate SA. Personal Finance, 26 May. Retrieved 29 May 2006, from http://www.persfin.co.za/index.php?fSectionId=595&fArticleId=3264739
9. Christensen M and Guyoton S. 2004. Can SRI help corporate governance? European Sustainability and Responsible Investment Forum. Retrieved 31 July 2008, from www.eurosif.org/content/download/413/2809/version/1/ file/art-insead-2003-02.pdf
10. Coffey A, Holbrook B and Atkinson P. 1996. Qualitative data analysis: Technologies and representations. Sociological Research Online, 1(1). Retrieved 10 November 2008, from http://www.socresonline.org.uk/1/1/4.html
11. Cowton C. 1998. Socially responsible investment. Encyclopaedia of Applied Ethics, 4: 181-190.
12. Cranston S. 2004. Too much money, too few deals. Financial Mail, 13 August. Retrieved 12 July 2008, from http://www.free.financialmail.co.za/report04/sanlam 04/msanlam.htm
13. De Cleene S and Sonnenberg D. 2004. Socially responsible investment in South Africa, 2nd Edition. Johannesburg: African Institute of Corporate Citizenship.
14. Domini AL. 2001. Socially responsible investing - Making a difference and making money. Dearborn Trade Publishing, Chicago.
15. Du Preez L. 2005. Investing beyond the bottom line. Personal Finance, 1st Quarter: 32-45.
16. Eccles NS, Nicholls S and De Jongh D. 2008. The state of responsible investment in South Africa. Pretoria: UNISA Centre for Corporate Citizenship. Retrieved 5 August 2008, from http://www.unisa.ac.za/contents/colleges/col_econ_man_science/ccc/docs/State%20of%20responsible%20In vestment%20in%20South%20Africa.pdf
17. European SRI Study 2008. 2008. Eurosif. Retrieved 1 April 2009, from http://www.eurosif.org/publications/sri_studies
18. Finlay A. 2004. Investing in social responsibility. South Africa Info, 20 August. Retrieved 14 July 2008, from http://www.southafrica.info/business/economy/development/
19. FTSE/JSE SRI Index. 2008. Retrieved 20 July 2008, from http://www.jse.co.za/sri/
20. Healing J. 2005. Social investments give great returns. Sunday Times, 29 May:18.
21. Heese K.2005. The development of socially responsible investment in South Africa: experience and evolution of SRI in global markets. Development Southern Africa, 22(5): 729-739.
22. Hitt MA, Ireland RD and Hoskisson RE. 2005. Strategic management. 6th Edition. Boston: Thomson South-Western.
23. Hussein K and Omran M. 2005. Ethical investment revisited: evidence from Dow Jones Islamic indexes. The Journal of Investing, 14(3): 105-124.
24. Hutton RB, D'Antonio L and Johnsen T. 1998. Socially responsible investing. Business and Society Magazine, 37(3): 281-306.
25. IFC. 2003. Towards sustainable responsible investments in emerging markets. Prepared by Enterprising Solutions Global Consulting. October. Investors must navigate minefield of socially acceptable offerings. 2003. Business Day survey: pension fund investments, 29 April: 18.
26. Kawamura, M. 2002. NLI Research, NLI Research Institute, No.160. Retrieved 31 July 2008 from, http://www.nli-research.co.jp/english/socioeconomics/2002/li0201a.ht ml
27. Leeman M. 2005. Sifting through socially responsible investment jargon. Business Report, 8 February: 9.
28. Lewis P, Saunders M and Thornhill A. 2003. Research methods for business students. 3rd Edition. Harlow: Prentice Hall.
29. Mainstream responsible investment. 2004. World Economic Forum - Global Corporate Citizenship Initiative Retrieved 10 August 2008 from, http://www.socialfunds.com/news/article.cgi/1610.html
30. Mansley M. 2000. Socially responsible investment: a guide for pension fund managers. Suffolk, UK: Monitor Press.
31. Manuel TA.2001. National budget speech, Department of Finance, 21 February. Retrieved 15 May 2009 from, http://www.finance.gov.za/documents/national%20bud get/2001/speech/speech.pdf
32. McLachlan J and Gardner J. 2004. A comparison of socially responsible and conventional investors. Journal of Business Ethics, 52(1): 11-25.
33. Moore Odell A. 2008. New index contains companies that support stewardship. Journal Social Funds, 24 January. Retrieved1February2008from, http://www.socialfunds.com/news/article.cgi/2455.html
34. Needle D. 2004. Business in context: an introduction to business and its environment. 4th Edition. Sydney: Thomson.
35. One planet business: Creating value within planetary limits. 2007. Sustainability.com. 1st Edition. Retrieved 31 July 2008 from, http://www.sustainability.com/aboutsustainability/article _previous.asp?id=941
36. Petersen F. 2005. Targeted and profitable. Financial Mail, 10 June. Retrieved 12 July 2008 from, http://www.free.financialmail.co.za/report05/fmfmjun05/dfm.htm
37. Renneboog L, Ter Horst J and Zhang C. 2008. Socially responsible investments: Institutional aspects, performance, and investor behavior. Journal of Banking & Finance, 32: 1723-1742.
38. Responsible investment in focus: How leading public pension funds are meeting the challenge. 2007. The United Nations Environmental Programme Finance Initiative Asset Management Group & The UKSIF Sustainable Pensions Project. Retrieved 5 January 2006 from, http://www.socialinvest.org/resources/research/documents/EmergingMarketsPaper_FINAL.pdf
39. Report on Socially Responsible investing trends in the United States. 2007. Social Investment Forum, Washington. Retrieved 17 August 2008 from, http://www.socialinvest.org/resources/research/
40. Scheuth S. 2003. Socially tesponsible investing in the United States. Journal of Business Ethics, 43(3): 189-194.
41. Schröder, M. 2007. Is there a difference? The performance characteristics of SRI equity indices. Journal of Business Finance & Accounting, 34(1): 331-348.
42. Shari'ah-compliant mutual funds growing in India. 2008. Islamic Finance News, 21 May. Retrieved 5 June 2008 from, http://islamicfinancenews.wordpress.com/2008/05/21/shariah-compliant-mutual-funds-growing-in-india/
43. Shevel A. 2009. Shareholders build muscle with King 3. Sunday Times, 1 March. Retrieved 10 March 2009 from, http://www.thetimes.co.za/News/Article.aspx?id=94895 0
44. Socially oriented fund review 2000: A mixed year sets an uncertain stage. 2001. Business Map, May 14 www.businessmap.co.za/archives.asp?dYear=2001&dMonth=5&AID=4
45. Steward N. 2008. Credit crisis is opportunity for SRI. Investment & Pensions Europe Magazine. Retrieved 27 November 2008 from, http://www.ipe.com/news/Credit_crisis_is_opportunity_ for_SRI_Pearce_29806.php
46. Tranchimand H. 2006. SRI in Europe: one size does not fit all. Presentation held at the 5th annual conference of the Australian Ethical Investment Association, Sydney, 21-22 September.
47. United Nations Principles for responsible investment. 2006. Retrieved 1 June 2006 from, http://www.unpri.org
48. Visser WAM. 2005. Corporate citizenship in South Africa - A review of progress since democracy. Journal of Corporate Citizenship, Summer(18): 29-38.
49. Viviers S. 2007. A critical assessment of socially responsible investing in South Africa. Unpublished doctoral thesis, Nelson Mandela Metropolitan University, Port Elizabeth.
50. Viviers S. Bosch, JK, Smit EVDM and Buijs A. 2008. The risk-adjusted performance of responsible investment funds in South Africa. Investments Analysts Journal, 68(November): 1-17.
51. White MA. 1995. The performance of environmental mutual funds in the United States and Germany: is there economic hope for "green" investors? Research in Corporate Social Performance and Policy, (supplement 1): 323-324.
52. Wierzycka M. 2004. Weighing up pension funds and the social good. Sunday Times Business Times, 16 May. Retrieved 18 May 2004 from, http://sundaytimes.co.za/2004/05/16/business/money/ money07.asp
53. Wilcox C. 2001. SRIs seem to pummel peers in the long run. Investment Management Weekly, 14(4): 1-3.