Reason, Rationality, and Fiduciary Duty

Journal of Business Ethics

Volumn 119, Issue 3, 2014, Pages 365-380

  Lydenberg, Steve ^a  

^a Initiative for Responsible Investment   (United States)

Author keywords

Fiduciary duty; Modern portfolio theory; Rationality; Reason; Responsible investment

Indexed keywords

EID: 84893647446     PISSN: 01674544     EISSN: 15730697     Source Type: Journal    
DOI: 10.1007/s10551-013-1632-3     Document Type: Article

References (38)

1. Anderson, J., & Bajaj, V. (2008, February 15). New troubles in auction-rate securities. New York Times. Retrieved October 12, 2011, from http://www. nytimes. com/2008/02/15/business/15place. html.
2. Bärnghausen, T., et al. (2009). The economic case for vaccination coverage for children. Program on the Global Demography of Aging, Harvard Initiative for Global Health, Working Paper, July 2009. Retrieved October 11, 2011, from http://www. hsph. harvard. edu/pgda/WorkingPapers/2009/PGDA_WP_45. pdf.
3. Bernstein, P. L. (2005). Capital ideas: The improbable origins of modern Wall Street. Hoboken: Wiley.
4. Bernstein, P. L. (2007). Capital ideas evolving. Hoboken: Wiley.
5. Bhidé, A. (2010). A call for judgment: Sensible finance for a dynamic economy. Oxford: Oxford University Press.
6. Bullock, N., & van Duyn, A. (2011, February 9). Hedge funds search for way to short munis. Financial Times.
7. Clark, G., & Urwin, R. (2010). Innovative models of pension fund governance in the context of the global financial crisis. Pensions, 15(1), 62-77.
8. Davidson, P. (2009). John Maynard Keynes. Basingstoke: Palgrave Macmillan.
9. Development and International Co-operation. (1987). Our Common Future, Report of the World Commission on Environment and Development, World Commission on Environment and Development, 1987. Published as Annex to General Assembly document A/42/427, August 2, 1987.
10. Ellis, C. D. (2011). The winners' game. Financial Analysts Journal, 67(4), 11-17.
11. Elster, J. (2009). Reason and rationality. Princeton: Princeton University Press.
12. Friedman, M., & Friedman, R. (1980) Free to choose: A personal statement. New York: Harcourt Brace Jovanonvich.
13. Gudeman, S. (2008). Economy's tension: The dialectics of community and market. New York: Berghahn Books.
14. Halbach, E. C., Jr. (1991-1992). Trust investment law in the third restatement. Iowa Law Review, 77, 1151-1185.
15. Hawley, J., Johnson, K., & Waitzer, E. (2011). Reclaiming fiduciary duty balance. Rotman International Journal of Pension Management, 4(2), 13.
16. Hawley, J. P., & Williams, A. T. (2000). The rise of fiduciary capitalism: How institutional investors can make corporate America more democratic. Philadelphia: University of Pennsylvania Press.
17. Kerber, R. (2007, October 29) Credit crunch highlights risks in money market funds. Boston Globe. Retrieved October 12, 2011, from http://www. boston. com/business/globe/articles/2007/10/29/credit_crunch_highlights_risksin_money_markets/.
18. Koedijk, K., & Slager, A. (2011). Investment beliefs: A positive approach to institutional investing. Basingstoke: Palgrave Macmillan.
19. Kurtz, L., & DiBartolomeom, D. (2011). The long-term performance of a social investment universe. The Journal of Investing, 20(3), 95-102.
20. Louche, C., & Lydenberg, S. (2010). Responsible investing. In J. R. Boatright (Ed.), Finance ethics: Critical issues in theory and practice. Hoboken: Wiley.
21. Lowenstein, R. (2001). When genius failed: The rise and fall of long-term capital management. New York: Random House.
22. Rawls, J. (1991). Political liberalism. Cambridge: Harvard University Press.
23. Romano, R. (1993). Public pension fund activism in corporate governance reconsidered. Columbia Law Review, 93(4), 795-853.
24. Scanlon, T. M. (1998). What we owe to each other. Cambridge: Harvard University Press.
25. Scannell, K. (2011, October 14). Judge gives Rajarathnam 11 years and attacks 'virus' in business. Financial Times.
26. Sen, A. (2009). The idea of justice. Cambridge: Harvard University Press.
27. Shukla, R. (2011, April 4). Mobile phone charges GDP growth. The Economic Times. Retrieved October 11, 2011, from http://economictimes. indiatimes. com/opinion/view-point/mobile-phone-charges-gdp-growth/articleshow/7861551. cms.
28. Simon, J. S., Powers, C. W., & Gunnemann, J. P. (1972). The ethical investor: Universities and corporate responsibility. New Haven: Yale University Press.
29. Skidelsky, R. (2009). Keynes: The return of the master. New York: Public Affairs.
30. Story, L., & Bowley G. (2011, September 12). Market swings are becoming new standard. New York Times.
31. Taleb, N. N. (2007). The Black Swan: The impact of the highly improbable. New York: Random House.
32. Thornley, B., Wood, D., Grace, K., & Sullivant, S. (2010). Impact investing: A framework for policy design and analysis. Cambridge: Initiative for Responsible Investment.
33. Urwin, R., & Woods, C. (2009). Sustainable investing principles: Models for institutional investors. Oxford: Oxford University Press.
34. Waitzer, E. (2009). Defeating short-termism: Why pension funds must lead. Rotman International Journal of Pension Management, 2(2), 4-8.
35. Walsh, M. W. (2004, November 15). Teamsters find pensions at risk. New York Times.
36. Wesley, J. (1872). The use of money. Sermon 50. In T. Jackson (Ed.), Sermons of John Wesley. Retrieved September 30, 2011, from http://new. gbgm-umc. org/umhistory/wesley/sermons/50/.
37. White, G. E. (2003). Tort Law in America: An intellectual history (Expanded Edition). Oxford: Oxford University Press.
38. Youngdahl, J. (2010). Fiduciary duty: Challenges to the traditional view. Presented at the Program for Advanced Trustees Studies, Harvard Law School, Cambridge, Massachusetts, July 28, 2010.