Re-embedding financial stakes within ethical and social values in socially responsible investing (SRI)

Christophe Revelli

Research in International Business and Finance, 2016, vol. 38, issue C, 1-5

Abstract: The aim of this study is to understand how the definition of ethics in finance has steered socially responsible investing (SRI) towards a financial approach where ethics is guided by finance. Following a critical perspective of historical and modern SRI, we advocate a reconceptualization of the SRI paradigm through a framework that re-embeds finance in ethical and social values according to Polanyi’s theory of embeddedness. To conclude, we propose an SRI model where impact measurement and extra-financial performance guide investments.

Keywords: Socially responsible investing (SRI); Ethical investing; Embeddedness; Social impact; SRI financial performance; Critical analysis (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:38:y:2016:i:c:p:1-5

DOI: 10.1016/j.ribaf.2016.03.003

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