Socially Responsible Investment and Shareholder Activism

Lloyd Kurtz

in The Oxford Handbook of Corporate Social Responsibility

Published in print February 2008 | ISBN: 9780199211593
Published online September 2009 | e-ISBN: 9780191576997 | DOI:

Series: Oxford Handbooks in Business and Management C

Socially Responsible Investment and Shareholder Activism

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This article looks at shareholder activism and the industry that has emerged around socially responsible investment, which has put pressure on publicly listed companies to comply with basic ethical and social standards. Socially responsible investment is a broad field with many points of connection and disconnection with corporate social responsibility (CSR). It would be natural to assume that socially responsible investment represents an implementation of CSR in financial markets, but many social investors have motivations very different from what one might call the academic view of CSR. Socially responsible investment has a long history, and many of its practices pre-date modern conceptions of social responsibility. Since studies of socially responsible investment are often cited in discussions of CSR, it is important to understand what is, and what isn't, being said. This article therefore begins by reviewing some basic definitional issues.

Keywords: shareholder activism; socially responsible investment; publicly listed companies; corporate social responsibility; social investors

Article.  12834 words. 

Subjects: Business Strategy

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