Häfner, D. ; Kiesel, F. ; Wirthmann, L. (2017)
What do we know about socially responsible investments?
In: Zeitschrift für Umweltpolitik und Umweltrecht, (4)
Artikel, Bibliographie
Kurzbeschreibung (Abstract)
This paper offers a comprehensive literature review on the motives and performance of socially responsible investments. We review 74 leading articles published between 1984 and 2016 and categorize the current literature into three major fields of studies which are of broader scientific interest: investor level, company aspects, and institutional perspective. The motivation to conduct this review stems from two sources: First, the increased treatment of ethical investments in literature makes a permanent observation mandatory. Second, the availability of new sources for socially responsible investment (SRI) data allows for more sophisticated approaches in the scientific examination of SRI impact. We find that across the literature there is no general under- or outperformance of SRIs in comparison with conventional investments. Moreover, the engagement in SRIs is mainly motivated by non-financial goals such as risk mitigation or overinvestment, yielding behavioral and agency problems.
| Typ des Eintrags: | Artikel |
|---|---|
| Erschienen: | 2017 |
| Autor(en): | Häfner, D. ; Kiesel, F. ; Wirthmann, L. |
| Art des Eintrags: | Bibliographie |
| Titel: | What do we know about socially responsible investments? |
| Sprache: | Englisch |
| Publikationsjahr: | 14 November 2017 |
| Verlag: | Deutscher Fachverlag |
| Titel der Zeitschrift, Zeitung oder Schriftenreihe: | Zeitschrift für Umweltpolitik und Umweltrecht |
| (Heft-)Nummer: | 4 |
| Kurzbeschreibung (Abstract): | This paper offers a comprehensive literature review on the motives and performance of socially responsible investments. We review 74 leading articles published between 1984 and 2016 and categorize the current literature into three major fields of studies which are of broader scientific interest: investor level, company aspects, and institutional perspective. The motivation to conduct this review stems from two sources: First, the increased treatment of ethical investments in literature makes a permanent observation mandatory. Second, the availability of new sources for socially responsible investment (SRI) data allows for more sophisticated approaches in the scientific examination of SRI impact. We find that across the literature there is no general under- or outperformance of SRIs in comparison with conventional investments. Moreover, the engagement in SRIs is mainly motivated by non-financial goals such as risk mitigation or overinvestment, yielding behavioral and agency problems. |
| Fachbereich(e)/-gebiet(e): | 01 Fachbereich Rechts- und Wirtschaftswissenschaften 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Betriebswirtschaftliche Fachgebiete 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Betriebswirtschaftliche Fachgebiete > Fachgebiet Unternehmensfinanzierung |
| Hinterlegungsdatum: | 14 Nov 2017 09:01 |
| Letzte Änderung: | 20 Okt 2021 12:42 |
| PPN: | |
| Export: | |
| Suche nach Titel in: | TUfind oder in Google |
 |
Frage zum Eintrag |
Optionen (nur für Redakteure)
 |
Redaktionelle Details anzeigen |
Drucken
Impressum