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Explaining the Take-Off of Socially Responsible Investment

In: Finance for a Better World

Author

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  • Pasquale Arena

Abstract

The interest with which academics, politicians, companies and the wider community are observing ethics and socially responsible investment demonstrates how relevant this issue has become. We are living through a complex cultural process which is trying to overcome the dualism of ethics and finance. Hence, academic literature has been paying more and more attention to the exploration of the relationship between finance, ethics and society, especially over the last few years. At the same time, companies and practitioners are testing new corporate social strategies. Nowadays, the role of the government is changing; both government and community need more help from companies. While companies are committed to developing socially responsible investment, ethics emerges as the most powerful instrument of moral legitimacy for companies, able to stimulate stakeholders’ participation and help both companies and stakeholders to move towards the common good.

Suggested Citation

  • Pasquale Arena, 2009. "Explaining the Take-Off of Socially Responsible Investment," Palgrave Macmillan Books, in: Henri-Claude Bettignies & François Lépineux (ed.), Finance for a Better World, chapter 3, pages 30-50, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-23575-5_3
    DOI: 10.1057/9780230235755_3
    as

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