Information asymmetry and socially responsible investment
Information asymmetry and socially responsible investment
Selecting, applying and reporting on investment screens for socially responsible investing (SRI) presents challenges for companies, investors and fund managers. This article seeks to clarify the nature of these challenges in developing an understanding of the foundations of ethical investment screens. At a conceptual level this work argues that there is a common element to the ethical foundations of SRI, even with very different apparent motivations and investment restrictions. Establishing this commonality assists in explaining the information asymmetry problem inherent in SRI. A market-facilitated solution illustrates how these insights might foster the development of socially responsible investment.
accounting conventions, fund management, information asymmetry, social policy, socially responsible investing
145-150
Rhodes, Mark Jonathan
57f885ba-f5ce-4419-a81a-c7081240137d
Soobaroyen, Teerooven
6686e2f8-564f-4f7f-b079-9dc8a2f53a48
4 February 2010
Rhodes, Mark Jonathan
57f885ba-f5ce-4419-a81a-c7081240137d
Soobaroyen, Teerooven
6686e2f8-564f-4f7f-b079-9dc8a2f53a48
Rhodes, Mark Jonathan and Soobaroyen, Teerooven
(2010)
Information asymmetry and socially responsible investment.
Journal of Business Ethics, 95 (1), .
(doi:10.1007/s10551-010-0431-3).
Abstract
Selecting, applying and reporting on investment screens for socially responsible investing (SRI) presents challenges for companies, investors and fund managers. This article seeks to clarify the nature of these challenges in developing an understanding of the foundations of ethical investment screens. At a conceptual level this work argues that there is a common element to the ethical foundations of SRI, even with very different apparent motivations and investment restrictions. Establishing this commonality assists in explaining the information asymmetry problem inherent in SRI. A market-facilitated solution illustrates how these insights might foster the development of socially responsible investment.
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Published date: 4 February 2010
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Please see Erratum in related URL
Keywords:
accounting conventions, fund management, information asymmetry, social policy, socially responsible investing
Organisations:
Southampton Business School
Identifiers
Local EPrints ID: 80406
URI: http://eprints.soton.ac.uk/id/eprint/80406
ISSN: 0167-4544
PURE UUID: ebe84e67-8044-4731-aef8-003b5da1d121
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Date deposited: 24 Mar 2010
Last modified: 14 Mar 2024 02:55
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Contributors
Author:
Mark Jonathan Rhodes
Author:
Teerooven Soobaroyen
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