Ethical and Socially Responsible Investing

Puaschunder, Julia M.

doi:10.1002/9781118813454.ch28

Cited by 15 publications

(7 citation statements)

References 57 publications

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“…Political divestiture targets at forcing political change by imposing financial constraints onto politically incorrect regimes that counterpart from international law resulting in war, social conflict, terrorism and human rights violations (Puaschunder, 2010;2015b) [143] [146]. Prominent cases are South Africa during the Apartheid regime; governmental human rights violations in Burma as well as the current divestiture from fossil fuels movement (Puaschunder, 2013;2015b) [144] [146]. Positively screened SRI funds are more likely to feature IT-technology and alternative energy industries that attract innovative venture capital providers.…”

Section: Crises-robust Market Optionsmentioning

confidence: 99%

“…But wise behavioral finance strategists should also consider the ethical roots of SRI. SRI can be traced back to ethical investing of religious institutions and societal attention to social, environmental and political deficiencies (Puaschunder, 2013) [144]. In the 1960s shareholder activism of civil rights campaigns and social justice movements drove SRI.…”

Section: Crises-robust Market Optionsmentioning

confidence: 99%

See 1 more Smart Citation

Nudgitize Me! A Behavioral Finance Approach to Minimize Losses and Maximize Profits from Heuristics and Biases

Puaschunder

2017

SSRN Journal

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Section: Crises-robust Market Optionsmentioning

confidence: 99%

Section: Crises-robust Market Optionsmentioning

confidence: 99%

Nudgitize Me! A Behavioral Finance Approach to Minimize Losses and Maximize Profits from Heuristics and Biases

Puaschunder

2017

SSRN Journal

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“…Ethical, Environmental, Social and Governance-oriented Investments are key to sustainable prosperity. In the wake of stakeholder activism and based on intrinsic socio-psychological motives, ethics, environment, social and governance roots in finance hold untapped opportunities of sustainable prosperity in the finance world and in the implementation of sustainable prosperity (Puaschunder, 2013(Puaschunder, , 2017b.…”

Section: Introductionmentioning

confidence: 99%

“…As an investment philosophy that combines profit maximization with social endeavors; SRI integrates social, environmental and financial aspects in investments (Livesey, 2002;Matten & Crane, 2005;Puaschunder, 2013;2017b;Wolff, 2002). Socially conscientious investors pursue economic and social value maximization alike in social screenings, shareholder advocacy and community investing (Renneboog, Horst & Zhang, 2007;Schueth, 2003;Puaschunder, 2015c).…”

Section: Introductionmentioning

confidence: 99%

Ethical, Environmental, Social and Governance-oriented Investments

Puaschunder

2017

ABR

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In the aftermath of the 2008/9 World Great Recession, ethical investing blossomed as opportunity to imbue trust in the economy. The crisis aftermath offered invaluable opportunities to redefine social investment to strengthen a more sustained, inclusive and equitable society. The 2015 incepted Sustainable Development Goals spearheaded the idea of financing societal advancement. Ethical, Environmental, Social and Governance-oriented Investments are key to sustainable prosperity. In the wake of stakeholder activism and based on intrinsic socio-psychological motives, ethics, environment, social and governance roots in finance hold untapped opportunities of sustainable prosperity in the finance world and in the implementation of sustainable prosperity.

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“…While corporations seem to spend much energy on divestiture strategies, little effort seems to be dedicated to analyzing the outcome of corporate withdrawals on markets and society (Grunberg, 1981;Harrigan, 1981). Consequently, to date no stringent pattern of political divestiture and sustainable development impacts has emerged (Dittmar & Shivdasani, 2003;McWilliams & Siegel, 2000;Puaschunder, 2013;Zeff & Pirro, 1999).…”

Section: Introductionmentioning

confidence: 99%

The Role of Political Divestiture for Sustainable Development

Puaschunder¹

2016

JMS

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In the wake of historical and political events, stakeholder pressure can trigger shareholders to divest from politically incorrect markets with the goal of accomplishing socio-political change. While mainstream development research advocates for more private investor involvement in sustainable development to achieve the Sustainable Development Goals (SDG)s in funding infrastructure, health, education and climate change mitigation; the following paper introduces political divestiture as an alternative means to implement sustainable development. While foreign investment can create positive conditions for improving societal development, also politically incorrect usage of funds or regulatory lacunae can do harm in the developing world. Political divestiture is portrayed as an innovative investment allocation to maximize positive development impacts of investment whilst minimizing associated risks of politically insecure markets. In an attempt to balance risk and access to capital, political divestiture is proposed as a means to implement sustainable development by removing funds from politically incorrect regimes in order to be channeled towards socially responsible and sustainable finance solutions. Future research outlooks on political divestiture as sustainable development driver comprise the antecedents and success factors as well as institutional and international frameworks to foster Financial Social Responsibility in the long-term international development domain.

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Ethical and Socially Responsible Investing

Cited by 15 publications

References 57 publications

Nudgitize Me! A Behavioral Finance Approach to Minimize Losses and Maximize Profits from Heuristics and Biases

Nudgitize Me! A Behavioral Finance Approach to Minimize Losses and Maximize Profits from Heuristics and Biases

Ethical, Environmental, Social and Governance-oriented Investments

The Role of Political Divestiture for Sustainable Development

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