Being Virtuous and Prosperous: SRI’s Conflicting Goals

Richardson, Benjamin J.; Cragg, Wes

doi:10.1007/s10551-010-0632-9

Cited by 71 publications

(48 citation statements)

References 31 publications

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“…Hahn et al (2016) propose that firms that are able to balance and combine profit-oriented and morally driven social initiatives in an ambidextrous manner will achieve higher levels of positive environmental and social impact. Richardson and Cragg (2010) discuss the tensions between financial and ethical outcomes in socially responsible investments.…”

Section: Instrumentalmentioning

confidence: 99%

A Paradox Perspective on Corporate Sustainability: Descriptive, Instrumental, and Normative Aspects

et al. 2017

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The last decade has witnessed the emergence of a paradox perspective on corporate sustainability. By explicitly acknowledging tensions between different desirable, yet interdependent and conflicting sustainability objectives, a paradox perspective enables decision makers to achieve competing sustainability objectives simultaneously and creates leeway for superior business contributions to sustainable development. In stark contrast to the business case logic, a paradox perspective does not establish emphasize business considerations over concerns for environmental protection and social well-being at the societal level. In order to contribute to the consolidation of this emergent field of research, we offer a definition of the paradox perspective on corporate sustainability and a framework to delineate its descriptive, instrumental, and normative aspects. This framework clarifies the paradox perspective's contents and its implications for research and practice. We use the framework to map the contributions to this thematic symposium on paradoxes in sustainability and to propose questions for future research.

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Section: Instrumentalmentioning

confidence: 99%

A Paradox Perspective on Corporate Sustainability: Descriptive, Instrumental, and Normative Aspects

et al. 2017

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“…The fair trade case especially has captured the attention of many (e.g., Jaffee 2007; Raynolds et al 2007). Much of the writing on this topic, however, has been descriptive (Moore 2004;Raynolds 2009) and normative (Kinder 2005a, b;Richardson 2009;Richardson and Cragg 2010) in nature. This work has no doubt been valuable, since fair trade represents a novel form of capitalist practice, and significant work was needed at the outset to document its history (Fridell 2007), its uniqueness (Raynolds 2000), and its global relevance (Raynolds et al 2007).…”

Section: Resultsmentioning

confidence: 99%

“…Values-based investing ''sought to align-to the extent possible-an investor's portfolio holdings with his/her/its beliefs,'' whereas value-seeking investing ''seeks to identify social and environmental criteria which may affect financial performance'' (p. 11). Value-seeking SRI thus emphasizes the business case for SRI (Kinder 2005a(Kinder , b, 2011Richardson 2008;Richardson and Cragg 2010;Vogel 2005).…”

Section: Socially Responsible Investingmentioning

confidence: 99%

Mainstreaming and its Discontents: Fair Trade, Socially Responsible Investing, and Industry Trajectories

Child

2014

J Bus Ethics

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Over time, according to popular and academic accounts, alternative trade initiatives [such as fair trade, organics, forest certification, and socially responsible investing (SRI)] almost invariably lose their oppositional stance and go mainstream. That is, they lose their alternative, usually peripheral, and often contrarian character. In this paper, I argue that this is not always the case and that the path to going mainstream is not always an unproblematic one. I observe that while scholars have documented various aspects of specific alternative trade initiatives, little comparative work has been done to theorize their different trajectories. To advance the scholarship, I compare two alternative trade movements, fair trade and SRI, and develop three hypotheses-the relation motivations hypothesis, the material interests hypothesis, and the organization of credibility hypothesis-that explain why going mainstream has been so hotly contested in the fair trade movement but not the SRI movement. I articulate these hypotheses and evaluate their merits.

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“…Initially, the use of non-financial investment criteria was mainly based on religious beliefs, although it was marginal (Sparkes and Cowton 2004;Bengtsson 2008aBengtsson , 2008bRichardson and Cragg 2010). Today, many institutions (mutual funds, pension funds, governmental and non-governmental organizations) integrate SR in their investment strategies (Emel 2002;Gifford 2010;Derwall et al 2011).…”

Section: Literature Reviewmentioning

confidence: 99%

The abilities of managers in UK pension funds. Are socially responsible managers superior?

Alda¹

2018

cuadernosgestion

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Being Virtuous and Prosperous: SRI’s Conflicting Goals

Abstract: socially responsible investing, ethical investing, fiduciary duty,

Cited by 71 publications

References 31 publications

A Paradox Perspective on Corporate Sustainability: Descriptive, Instrumental, and Normative Aspects

A Paradox Perspective on Corporate Sustainability: Descriptive, Instrumental, and Normative Aspects

Mainstreaming and its Discontents: Fair Trade, Socially Responsible Investing, and Industry Trajectories

The abilities of managers in UK pension funds. Are socially responsible managers superior?

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