Information Asymmetry and Socially Responsible Investment

Selecting, applying and reporting on investment screens for socially responsible investing (SRI) presents challenges for companies, investors and fund managers. This article seeks to clarify the nature of these challenges in developing an understanding of the foundations of ethical investment screen...

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Bibliographic Details
Main Author: Rhodes, Mark Jonathan (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 2010
In: Journal of business ethics
Year: 2010, Volume: 95, Issue: 1, Pages: 145-150
Further subjects:B Socially Responsible Investing
B Information Asymmetry
B fund management
B accounting conventions
B Social Policy
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Description
Summary:Selecting, applying and reporting on investment screens for socially responsible investing (SRI) presents challenges for companies, investors and fund managers. This article seeks to clarify the nature of these challenges in developing an understanding of the foundations of ethical investment screens. At a conceptual level this work argues that there is a common element to the ethical foundations of SRI, even with very different apparent motivations and investment restrictions. Establishing this commonality assists in explaining the information asymmetry problem inherent in SRI. A market-facilitated solution illustrates how these insights might foster the development of socially responsible investment.
ISSN:1573-0697
Reference:Errata "Erratum to: Information Asymmetry and Socially Responsible Investment (2010)"
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/s10551-009-0343-2