Socially Responsible Investment and Pro-social Change

Aladin Research Commons

Socially Responsible Investment and Pro-social Change

Show full item record

Title: Socially Responsible Investment and Pro-social Change
Author: Starr, Martha A.
Abstract: Socially responsible investment (SRI) refers to investing in companies based on financial and social performance, where the latter includes such concerns as the environment, sweatshop labor, and animal testing. This paper argues that SRI strongly resembles pro-social behaviors and social dynamics found in experimental settings. The role of fairness-related sanctioning is emphasized, wherein companies that treat their various stakeholders “fairly” are screened into SRI portfolios, while those treating them poorly are screened out. It is argued that, because SRI creates opportunities for businesses to thrive relative to their competitors by improving social performance, it creates some scope for pro-social change. Still, the magnitude of changes that can be expected from voluntary changes in business behavior remains to be determined.
Description: Working Paper No. 2007-23. 28 pages.
URI: http://hdl.handle.net/1961/5005
Date: 2007-07


Files in this item

Files Size Format View
2007-23.pdf 236.8Kb PDF View/Open

This item appears in the following Collection(s)

Show full item record

Search DSpace


Advanced Search

Browse

My Account

Statistics