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Considerations Regarding the Social Responsible Investments on Capital Market

Author

Listed:
  • Mirela MATEI

    (Petroleum and Gas University of Ploiesti, Romania)

  • Jean ANDREI

    (Petroleum and Gas University of Ploiesti, Romania)

Abstract

The social responsibility concept has a dramatic dynamics in the last decades taking in account typology of economic agents involved: transnational corporations, small and medium enterprises and portfolio investors. In this paper, we analyze the development of environment, social and governance (ESG) practices on the European capital market and the active implication of investment consultants and stock exchanges in this field. Taking in account the conclusions of this article, some legal measures could be set up in Romania in order to promote the concept of social responsible investment (SRI) on the local capital market.

Suggested Citation

  • Mirela MATEI & Jean ANDREI, 2011. "Considerations Regarding the Social Responsible Investments on Capital Market," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 12(6), pages 429-434, December.
    • Handle: RePEc:rom:rmcimn:v:12:y:2011:i:6:p:429-434
    as

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    References listed on IDEAS

    as
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    4. Leonardo Becchetti & Rocco Ciciretti & Iftekhar Hasan, 2007. "Corporate social responsibility and shareholder's value: an event study analysis," FRB Atlanta Working Paper 2007-06, Federal Reserve Bank of Atlanta.
    5. Sanjeev Bhojraj & Partha Sengupta, 2003. "Effect of Corporate Governance on Bond Ratings and Yields: The Role of Institutional Investors and Outside Directors," The Journal of Business, University of Chicago Press, vol. 76(3), pages 455-476, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    investments; social responsibility; capital market; social governance.;
    All these keywords.

    JEL classification:

    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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