Exploring socially responsible investment perspectives: A literature mapping and an investor classification
By Kyriakos Chatzitheodorou, A. Skouloudis, K. Evangelinos, Ioannis E. Nikolaou. Sustainable Production and Consumption, 2019
137 citations recorded by the source corpus.
Abstract Socially Responsible Investments (SRIs) have become increasingly popular over the past decade. The majority of the literature focuses on SRI performance (versus conventional investments), content and related evaluation-screening techniques. Even though numerous terms with differing focus have been coined (e.g. sustainable, environmental, ethical, and social investments) to describe the rationale for SRIs, they all pertain to one all-encompassing SRIs definition. This undermines the accuracy and robustness of current measurement techniques as only certain aspects of the overall SRIs performance are assessed. The purpose of this paper is threefold: Firstly, a mapping of SRIs terminology according to the focus areas is provided followed by a classification for Socially Responsible Investors based on underlying motivational factors. A narrative literature review has been conducted for SRIs relying on the triple-bottom-line approach. It concludes with a mapping of SRIs territory by outlining seven distinct SRI categories for investors’ motivations and also offers a classification with ten types of SRIs. Thirdly, a discussion regarding the relationship between SRIs and cleaner production is presented. The finding shows that there is a dichotomy in the field of SRIs. Some types of investors move to SRIs mainly to exploit new financial opportunities or to avoid potential risks regarding the environmental and social aspects of sustainability while value-based investors are willing to invest money in firms and projects with an environmental, social and ethical orientation.
Subfields: Building and Construction, Finance, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/6816561b6f5d791592ce1876420435a7731ad2e4
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Citations in the corpus
- What Future for the Green Bond Market? How Can Policymakers, Companies, and Investors Unlock the Potential of the Green Bond Market? (2020, background): “Investors can better support their investment strategies with additional information on issuers’ sustainability plans (Ng 2018) and increase their exposure to less volatile instruments (Veys 2010), which is appealing to both traditional profit-seeking investors and socially responsible investors (Ch”
- Past, present, and future of sustainable finance: insights from big data analytics through machine learning of scholarly research (2022, unknown): “…on the comparative performance between socially responsible funds and traditional funds along with associated screening and evaluation criteria (Chatzitheodorou et al., 2019), with studies showing better performance of socially responsible funds over traditional funds (Pedersen et al., 2020),…”