Overview
- Scrutinises and reflects on SRI in the context of the current financial crisis
- Critically assesses different understandings of SRI as these understandings come at play on the market
- Explicitly tackles epistemological, ethical and policy problems, which will arise or are already arising as mainstreaming SRI faces financial meltdowns
Part of the book series: Issues in Business Ethics (IBET, volume 31)
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Table of contents (13 chapters)
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Front Matter
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Back Matter
Keywords
About this book
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.
Editors and Affiliations
Bibliographic Information
Book Title: Responsible Investment in Times of Turmoil
Editors: Wim Vandekerckhove, Jos Leys, Kristian Alm, Bert Scholtens, Silvana Signori, Henry Schäfer
Series Title: Issues in Business Ethics
DOI: https://doi.org/10.1007/978-90-481-9319-6
Publisher: Springer Dordrecht
eBook Packages: Business and Economics, Economics and Finance (R0)
Copyright Information: Springer Science+Business Media B.V. 2011
Hardcover ISBN: 978-90-481-9318-9Published: 01 April 2011
Softcover ISBN: 978-94-007-4070-9Published: 31 January 2012
eBook ISBN: 978-90-481-9319-6Published: 29 March 2011
Series ISSN: 0925-6733
Series E-ISSN: 2215-1680
Edition Number: 1
Number of Pages: XXVI, 234
Topics: Finance, general, Ethics, Macroeconomics/Monetary Economics//Financial Economics