Socially Responsible Investment and Pro-social Change

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Socially Responsible Investment and Pro-social Change

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dc.contributor.author Starr, Martha A.
dc.date.accessioned 2009-02-20T21:20:04Z
dc.date.available 2009-02-20T21:20:04Z
dc.date.created 2007-07
dc.date.issued 2007-07
dc.identifier.uri http://hdl.handle.net/1961/5005
dc.description Working Paper No. 2007-23. 28 pages. en
dc.description.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. en
dc.description.sponsorship Department of Economics, American University en
dc.language.iso en_US en
dc.publisher Department of Economics, American University en
dc.rights Copyright © 2007 by Martha Starr. All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. en
dc.subject.other social responsibility en
dc.subject.other pro-social behavior en
dc.subject.other fairness en
dc.subject.other investment decisions en
dc.subject.other corporate culture en
dc.title Socially Responsible Investment and Pro-social Change en
dc.type Working Paper en


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