Ethical requirement and financial interest: a literature review on socially responsible investing
By Matt Wallis, Christian Klein. 2015
150 citations recorded by the source corpus.
This paper provides an overview of the status quo in socially responsible investing (SRI) literature. We outline motives, history, and current best practice of SRI. We also provide a thorough analysis of a wide set of studies that cover two key topics in this field: the first research objective is to determine the relative performance of SRI vehicles in comparison to their conventional benchmarks. Our meta-analysis shows that most research studies find that socially responsible (SR) investments perform equal to conventional investments, but these findings are challenged by contradictory results from other studies. The second objective is to analyze SR behavior’s effects on a company’s financial results. We cover the period between 1986 and 2012. This paper provides future researchers with a well-documented and structured overview of the existing literature on SRI, thereby identifying gaps that might be closed by future research.
Subfields: Finance, Information Systems and Management, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/d7e3aa98b47f7878499f36d95002b74c8ee6d2a9
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Citations in the corpus
- Environmental, Social and Governance (ESG) and Investment Decision in Bangladesh (2018, background): “Investment decision was previously followed by an ordinary triangle covering risk, liquidity, and return, however, a growing number of investors nowadays use the phenomenal square, covering liquidity, risk, return and sustainability [42].”
- Past, present, and future of sustainable finance: insights from big data analytics through machine learning of scholarly research (2022, unknown): “…2011; Friede et al., 2015; Halbritter & Dorfleit-ner, 2015; Himick, 2011; Nielsen & Noergaard, 2011), and ethical investing (Bauer et al., 2007; Belghitar et al., 2014; Chow et al., 2014; Pender & Brocchetto, 2011; Richardson, 2009; Säve-Söderbergh, 2010; von Wallis & Klein, 2015; Watson, 2011).”