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Responsible Investment in Times of Turmoil

Responsible Investment in Times of Turmoil

Vandekerckhove, Wim, Leys, Jos, Alm, Kristian, Scholtens, Bert, Signori, Silvana and Schafer, Henry (eds.) (2011) Responsible Investment in Times of Turmoil. Issues in business ethics, 31 . Springer, London, UK and New York, USA. ISBN 978-90-481-9318-9 (hardback), 978-90-481-9319-6 (e-book) ISSN 0925-6733

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Abstract

* Scrutinises and reflects on SRI in the context of the current financial crisis
* Critically assesses different understandings of SRI as they play out in the market
* Tackles epistemological, ethical and policy problems, which arise as mainstreaming SRI faces financial meltdowns

The SRI phenomenon is said to be entering the mainstream of financial intermediation. From a fairly marginal practice promoted or campaigned for by NGO’s and at odds with financial practice and orthodoxy it grew into well formulated policy adopted by a wide range of investors. Academic literature on SRI has also boomed on the assumption that mainstreaming is taking place. However, little thinking has been carried out on questions specifically arising from this alleged ‘mainstreaming’. This book, addressed to those with a scholarly or practitioner’s interest in SRI, starts filling this neglected dimension.

Today, one cannot ignore the difficulties of main stream financing. The financial spheres are trembling globally in one of the worst crises since the 1930’s. As a response to the crisis, the intermediation of ‘financial responsibility’ will undoubtedly be the subject of new regulation and scrutinizing. This book looks into what these turbulences will imply for SRI.

In view of these circumstances, one might or even should, ask oneself whether the phenomenon was not an empty fad during the exuberant high of financial euphoria that came abruptly to an end with current financial crises. To put it rather sec: are financial intermediaries that promote ‘sustainability’ credible, while it is obvious that some developments in financial intermediation -predictably, as some say- were unsustainable?

Is this an opportunity for enhancing SRI because of the strength and superiority it has developed or will it disappear due to a return to financial myopia? This book is the first to question the future of SRI in such a radical way.

Item Type: Edited Book
Uncontrolled Keywords: applied economics, banking, banking crisis, business, ethics, business turmoil, finacial crisis, financial intermediation, financial markets, investment, mainstreaming, responsible investment, SRI, socially responsible investing
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HG Finance
Faculty / Department / Research Group: Faculty of Business > Work & Employment Research Unit
Related URLs:
Last Modified: 14 Oct 2016 09:19
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
URI: http://gala.gre.ac.uk/id/eprint/7900

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