Implications of social responsibility investment for pension funds in Turkey
Purpose - This paper aims to present to capital market regulators (particularly in Turkey) with options for regulating the quickly expanding area of socially responsible investment (SRI). Design/methodology/approach - The paper takes a public economics perspective, focusing on the social risks concomitant with equity investment, and presents options based on an economic analysis of the various regulatory options available to capital market regulators. Findings - The paper finds that in the long run, the extent of national SRI-related regulation will probably depend on the extent to which the social, environmental, and other risks targeted by SRI represent social risks (which can be mitigated by regulation as opposed to other policy instruments). Practical implications - While Turkish private pension fund regulators should be mindful of wariness of other OECD member countries to regulate SRI, the particularity of the social risks faced by Turkish financial markets may militate for a unique national approach toward SRI regulation. Originality/value - This study represents one of the first attempts to address the issue of domestic SRI regulation and to present evidence-based conclusions in a policy oriented setting.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 2 (2009)
Issue (Month): 2 (June)
|Contact details of provider:|| Web page: http://www.emeraldinsight.com|
|Order Information:|| Postal: Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK|
Web: http://emeraldgrouppublishing.com/products/journals/journals.htm?id=imefm Email:
When requesting a correction, please mention this item's handle: RePEc:eme:imefpp:v:2:y:2009:i:2:p:105-119. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Virginia Chapman)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.