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Are social investors influential?
Citation
Richardson, BJ, Are social investors influential?, European Company Law, 9, (2) pp. 133-141. ISSN 1572-4999 (2012) [Refereed Article]
Copyright Statement
Copyright 2012 Kluwer Law International BV, The Netherlands
Official URL: http://www.kluwerlawonline.com/abstract.php?area=J...
Abstract
This article investigates the influence of socially responsible investment (SRI) on the social and environmental impact of the market and corporate behavior. It assesses SRI's influence through five means: (i) to promote SRI as a profitable alternative to conventional investment (ii) to alter the cost of capital of targeted companies, such as by divestment, and thereby to create pressure for improved corporate behavior; (iii) to advocate change within companies as shareholders or lenders, such as by filing shareholder resolutions and informal engagement with corporate management; (iv) to draft codes of conduct for systemic changes across domestic or global financial markets; and (v) to lobby for reform of public policy and official regulation pertaining to the financial economy. The article finds that in all of these means SRI has so far failed to wield exert significant influence, but its most promising means of influence is through advocating legal and policy changes.
Item Details
Item Type: | Refereed Article |
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Keywords: | Governance, financial services regulation, socially responsible investment, sustainable development |
Research Division: | Law and Legal Studies |
Research Group: | Environmental and resources law |
Research Field: | Environmental law |
Objective Division: | Law, Politics and Community Services |
Objective Group: | Community services |
Objective Field: | Community services not elsewhere classified |
UTAS Author: | Richardson, BJ (Professor Benjamin Richardson) |
ID Code: | 91826 |
Year Published: | 2012 |
Deposited By: | Faculty of Law |
Deposited On: | 2014-05-30 |
Last Modified: | 2017-10-24 |
Downloads: | 0 |
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