The Missing Dynamic: Corporations, Individuals and Contracts |
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Authors: | Arun A Iyer |
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Institution: | (1) Centre for the Study of Global Ethics, University of Birmingham, Priorsfield, 46 Edgbaston Park Road, Birmingham, B15 2RT, U.K.;(2) Centre for Corporate Governance Research, Birmingham Business School, University of Birmingham, Birmingham, B15 2TT, UK |
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Abstract: | In this article we discuss whether it pays to invest ethically. Our aim is to examine corporate social responsibility from
philosophical, moral and practical points of views. We focus on two main issues related to ethical investments. Firstly we
discuss the moral dilemma of how capitalism has changed its shape in today’s world and from ‘blaming the business’ there is
a general attempt to use the markets to promote ethics values and corporate social responsibility. Secondly, we analyze the
growth of ethical investment funds in the UK today, and their performance, and highlight some of the institutional investors
involved in the management of ethical funds. We discuss whether ethical investments really succeed in reducing the conflict
between profit-making and social responsibility as they promise or whether they use commercial rhetoric and market mechanism
to merely sell us our own perceived values back. We conclude that the paper has a key contribution in setting the scene for
future research in an area that is evolving and of fundamental importance to companies, investors and various stakeholder
groups. |
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Keywords: | ethical investment socially responsible investment corporate governance business ethics |
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