Information Asymmetry and Socially Responsible Investment

Rhodes, Mark Jonathan

Abstract

Selecting, applying and reporting on investment screens for socially responsible investing (SRI) presents challenges for companies, investors and fund managers. This article seeks to clarify the nature of these challenges in developing an understanding of the foundations of ethical investment screens. At a conceptual level this work argues that there is a common element to the ethical foundations of SRI, even with very different apparent motivations and investment restrictions. Establishing this commonality assists in explaining the information asymmetry problem inherent in SRI. A market-facilitated solution illustrates how these insights might foster the development of socially responsible investment. © 2009 Springer Science+Business Media B.V.

Citation

Rhodes, M. J. (2010). Information Asymmetry and Socially Responsible Investment. Journal of Business Ethics, 95(1), 145-150. https://doi.org/10.1007/s10551-009-0343-2

• Journal Article Type: Article
• Online Publication Date: Dec 20, 2009
• Publication Date: 2010-08
• Deposit Date: Nov 13, 2014
• Journal: Journal Of Business Ethics
• Print ISSN: 0167-4544
• Electronic ISSN: 1573-0697
• Publisher: Springer Publishing Company
• Peer Reviewed: Peer Reviewed
• Volume: 95
• Issue: 1
• Pages: 145-150
• DOI: https://doi.org/10.1007/s10551-009-0343-2
• Keywords: Economics and Econometrics; General Business, Management and Accounting; Business and International Management; Arts and Humanities (miscellaneous); Law
• Public URL: https://hull-repository.worktribe.com/output/473169