A Critique of Social Investing's Diversity Measures

Socially responsible investing (SRI) has gained in popularity over the past few years. By some accounts there are now 230 socially responsible funds in the US investing over $2.03 trillion, using exclusionary and/or research-based screens to judge whether a corporation merits their investment. This...

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Bibliographic Details
Published inBusiness and society review (1974) Vol. 108; no. 4; pp. 487 - 508
Main Author Schepers, Donald H.
Format Journal Article
LanguageEnglish
Published Oxford, UK Blackwell Publishing Ltd 01.12.2003
Subjects
Investment policy
Mutual funds
Rates of return
Social investing
Studies
United States > US
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Summary:Socially responsible investing (SRI) has gained in popularity over the past few years. By some accounts there are now 230 socially responsible funds in the US investing over $2.03 trillion, using exclusionary and/or research-based screens to judge whether a corporation merits their investment. This study examines the diversity criteria of 14 funds, representing 8 research houses, cited by Domini as the largest SRI funds.
Bibliography:istex:A934B78FB2A133A473E40F64412CCC5447D49BD4
ark:/67375/WNG-D2VT0WPZ-W
ArticleID:BASR175
Donald Schepers is a Professor in the Department of Management, Baruch College, City University of New York.
ISSN:0045-3609
1467-8594
DOI:10.1046/j.0045-3609.2003.00175.x