The Robert W. Kolb Series in Finance is an unparalleled source of information dedicated to the most important issues in modern finance. Each book focuses on a specific topic in the field of finance and contains contributed chapters from both respected academics and experienced financial professionals. As part of the Robert W. Kolb Series in Finance, Socially Responsible Finance and Investing aims to provide a comprehensive understanding of the essential elements associated with this growing discipline.
Filled with in–depth insights and practical advice, Socially Responsible Finance and Investing takes a wide–ranging view of this ever–evolving area of finance and offers multiple perspectives on issues regarding both its theory and practice.
Comprising four informative parts, this timely guide touches on everything from stakeholder analysis and social entrepreneurship to the historical development of SRI, its investment performance, and predictions about its future. Along the way, it also provides important coverage of topics including the impact of social concerns on financial activities as well as the role of governance in CSR. Written with both experienced professionals and serious financial students in mind, this reliable resource puts socially responsible finance and investing in perspective. It skillfully details the current state of research in this area and offers practical guidance on applying the information found here in real–world situations.
Socially Responsible Finance and Investing contains the latest thinking in this field from some of today′s leading practitioners and academics. Engaging and accessible, this book provides a firm understanding of what it will really take to excel at this difficult endeavor.
1 Socially Responsible Finance and Investing: An Overview 1H. Kent Baker and John R. Nofsinger
PART I Foundations and Key Concepts 15
2 Stakeholder Analysis 17Lloyd S. Kurtz
3 Corporate Social Responsibility 39Heather Elms and Michelle Westermann–Behaylo
4 Business Models and Social Entrepreneurship 55Michael A. Pirson
5 Fiduciary and Other Legal Duties 69Benjamin J. Richardson
6 International and Cultural Views 87Astrid Juliane Salzmann
PART II Finance and Society 109
7 Social, Environmental, and Trust Issues in Business and Finance 111Christoph F. Biehl, Andreas G. F. Hoepner, and Jianghong Liu
8 Religion and Finance 143Luc Renneboog and Christophe Spaenjers
9 Social Finance and Banking 161Olaf Weber and Yayun Duan
10 Managerial Compensation 181Kose John and Samir Saadi
11 Externalities in Financial Decision Making 197Janis Sarra
12 Real Estate and Society 213Piet Eichholtz and Nils Kok
13 Federal Housing Policies and the Recent Financial Crisis 239Ronnie J. Phillips and Kenneth Spong
14 Predatory Lending and Socially Responsible Investors 257Christopher L. Peterson
15 Use and Misuse of Financial Secrecy in Global Banking 275Ingo Walter
PARTIII Corporate Engagement 297
16 Corporate Social Responsibility and Corporate Governance 299Lorenzo Sacconi
17 Measuring Responsibility to the Different Stakeholders 323Amir Rubin and Eran Rubin
18 Corporate Philanthropy 341Janet Kiholm Smith
19 Institutional Investor Activism 359Diane Del Guercio and Hai Tran
20 Social Activism and Nongovernmental Organizations 381Jonathan P. Doh and Deborah Zachar
PART IV Socially Responsible Investing 403
21 Corporate Socially Responsible Investments 405John R. Becker–Blease
22 SRIMutual Fund and Index Performance 425Halil Kiymaz
23 Performance Implications of SR Investing: Past versus Future 443Nadja Guenster
24 Money–Flows of Socially Responsible Investment Funds around theWorld 455Luc Renneboog, Jenke Ter Horst, and Chendi Zhang
Answers to Chapter Discussion Questions 479