IDEAS home Printed from https://ideas.repec.org/a/wly/sustdv/v16y2008i3p155-168.html
   My bibliography  Save this article

Socially responsible investing in Scandinavia - a comparative analysis

Author

Listed:
  • Elias Bengtsson

    (European Fund and Asset Management Association, Brussels, Belgium)

Abstract

This article contributes to the literature on socially responsible investing (SRI) by discussing findings from an empirical comparative study of Scandinavian investors. The study draws attention to how contextual factors shape the principles and practices of SRI investors by using a wide range of both qualitative and quantitative secondary data. It is concluded that institutional factors are important in explaining homogeneity among Scandinavian investors' SRI, but also contribute to significant variation in SRI principles and practices between and within countries. In particular, the findings draw attention to the different opportunities available to individual investors, and the strategies they adopt in their application of SRI. Copyright © 2008 John Wiley & Sons, Ltd and ERP Environment.

Suggested Citation

  • Elias Bengtsson, 2008. "Socially responsible investing in Scandinavia - a comparative analysis," Sustainable Development, John Wiley & Sons, Ltd., vol. 16(3), pages 155-168.
    • Handle: RePEc:wly:sustdv:v:16:y:2008:i:3:p:155-168
    DOI: 10.1002/sd.360
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1002/sd.360
    File Function: Link to full text; subscription required
    Download Restriction: no
    File URL: https://libkey.io/10.1002/sd.360?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Marc J. Ventresca & Dara Szyliowicz & M. Tina Dacin, 2003. "Innovations in Governance: Global Structuring and the Field of Public Exchange-Traded Markets," Chapters, in: Marie-Laure Djelic & Sigrid Quack (ed.), Globalization and Institutions, chapter 10, Edward Elgar Publishing.
    2. Marie-Laure Salles-Djelic & Sigrid Quack, 2003. "Globalization and institutions : redefining the rules of the economic game," Post-Print hal-01892012, HAL.
    3. Eva Boxenbaum & Jean-Pascal Gond, 2006. "Micro-strategies of Contextualization Cross-national Transfer of Socially Responsible Investment," DRUID Working Papers 06-24, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
    4. Elias Bengtsson, 2008. "A History of Scandinavian Socially Responsible Investing," Journal of Business Ethics, Springer, vol. 82(4), pages 969-983, November.
    5. Josep Lozano & Laura Albareda & M. Balaguer, 2006. "Socially Responsible Investment in the Spanish financial market," Journal of Business Ethics, Springer, vol. 69(3), pages 305-316, December.
    6. Hall, Peter A. & Soskice, David (ed.), 2001. "Varieties of Capitalism: The Institutional Foundations of Comparative Advantage," OUP Catalogue, Oxford University Press, number 9780199247752.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Andreas G. F. Hoepner & Arleta A. A. Majoch & Xiao Y. Zhou, 2021. "Does an Asset Owner’s Institutional Setting Influence Its Decision to Sign the Principles for Responsible Investment?," Journal of Business Ethics, Springer, vol. 168(2), pages 389-414, January.
    2. Mika Goto & Toshiyuki Sueyoshi, 2020. "Sustainable development and corporate social responsibility in Japanese manufacturing companies," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(4), pages 844-856, July.
    3. Demirbag, Mehmet & Wood, Geoffrey & Makhmadshoev, Dilshod & Rymkevich, Olga, 2017. "Varieties of CSR: Institutions and Socially Responsible Behaviour," International Business Review, Elsevier, vol. 26(6), pages 1064-1074.
    4. Bert Scholtens & Riikka Sievänen, 2013. "Drivers of Socially Responsible Investing: A Case Study of Four Nordic Countries," Journal of Business Ethics, Springer, vol. 115(3), pages 605-616, July.
    5. Nadine Gatzert & Philipp Reichel, 2024. "Sustainable investing in the US and European insurance industry: a text mining analysis," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 49(1), pages 26-62, January.
    6. Riikka Sievänen & Hannu Rita & Bert Scholtens, 2013. "The Drivers of Responsible Investment: The Case of European Pension Funds," Journal of Business Ethics, Springer, vol. 117(1), pages 137-151, September.
    7. Andreas Hoepner & Arleta Majoch, 2016. "Pension Funds and the Principles for Responsible Investment: Multiplying Stakeholder Salience?," ICMA Centre Discussion Papers in Finance icma-dp2016-07, Henley Business School, University of Reading.
    8. Guidi, Marco & Sogiakas, Vasilios & Vagenas-Nanos, Evangelos & Verwijmeren, Patrick, 2020. "Spreading the sin: An empirical assessment from corporate takeovers," International Review of Financial Analysis, Elsevier, vol. 71(C).
    9. Andreas G. F. Hoepner & Lisa Schopohl, 2018. "On the Price of Morals in Markets: An Empirical Study of the Swedish AP-Funds and the Norwegian Government Pension Fund," Journal of Business Ethics, Springer, vol. 151(3), pages 665-692, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Elias Bengtsson, 2008. "A History of Scandinavian Socially Responsible Investing," Journal of Business Ethics, Springer, vol. 82(4), pages 969-983, November.
    2. Frédérique Déjean & Stéphanie Giamporcaro & Jean-Pascal Gond & Bernard Leca & Elise Penalva-Icher, 2013. "Mistaking an Emerging Market for a Social Movement? A Comment on Arjaliès’ Social-Movement Perspective on Socially Responsible Investment in France," Journal of Business Ethics, Springer, vol. 112(2), pages 205-212, January.
    3. Diane-Laure Arjaliès, 2010. "A Social Movement Perspective on Finance: How Socially Responsible Investment Mattered," Journal of Business Ethics, Springer, vol. 92(1), pages 57-78, April.
    4. Jean-Pascal Gond & Eva Boxenbaum, 2013. "The glocalization of responsible investment: Contextualization work in France and Quebec," Post-Print hal-00870436, HAL.
    5. Jean-Pascal Gond & Eva Boxenbaum, 2013. "The Glocalization of Responsible Investment: Contextualization Work in France and Québec," Journal of Business Ethics, Springer, vol. 115(4), pages 707-721, July.
    6. Ronald Schettkat & Rongrong Sun, 2009. "Monetary policy and European unemployment," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 25(1), pages 94-108, Spring.
    7. Dorward, Andrew & Kydd, Jonathan & Poulton, Colin, 2004. "Market and Coordination Failures in Poor Rural Economies: Policy Implications for Agricultural and Rural Development," 2004 Inaugural Symposium, December 6-8, 2004, Nairobi, Kenya 9535, African Association of Agricultural Economists (AAAE).
    8. Patrick Hamm & David Stuckler & Lawrence King, 2006. "Mass Privatization and the Postcommunist Mortality Crisis," Working Papers wp118, Political Economy Research Institute, University of Massachusetts at Amherst.
    9. Hans De Geer & Tommy Borglund & Magnus Frostenson, 2009. "Reconciling CSR with the Role of the Corporation in Welfare States: The Problematic Swedish Example," Journal of Business Ethics, Springer, vol. 89(3), pages 269-283, November.
    10. Frederick Guy & Peter Skott, 2008. "Power, Productivity, and Profits," Springer Books, in: Matthew Braham & Frank Steffen (ed.), Power, Freedom, and Voting, chapter 20, pages 385-403, Springer.
    11. Betzelt, Sigrid, 2007. "Gender Regimes: ein ertragreiches Konzept für die komparative Forschung; Literaturstudie," Working papers of the ZeS 12/2007, University of Bremen, Centre for Social Policy Research (ZeS).
    12. Moldaschl, Manfred, 2010. "Why innovation theories make no sense," Papers and Preprints of the Department of Innovation Research and Sustainable Resource Management 9/2010, Chemnitz University of Technology, Faculty of Economics and Business Administration.
    13. Lippert, Inge, 2008. "Perspektivenverschiebungen in der Corporate Governance: Neuere Ansätze und Studien der Corporate-Governance-Forschung," Discussion Papers, Research Unit: Knowledge, Production Systems and Work SP III 2008-302, WZB Berlin Social Science Center.
    14. Rafael Di Tella & Juan Dubra, 2011. "Free to Punish? The American Dream and the Harsh Treatment of Criminals," NBER Working Papers 17309, National Bureau of Economic Research, Inc.
    15. Mark Lehrer, 2007. "Organizing knowledge spillovers when basic and applied research are interdependent: German biotechnology policy in historical perspective," The Journal of Technology Transfer, Springer, vol. 32(3), pages 277-296, June.
    16. Pursey Heugens & Marc Essen & J. Oosterhout, 2009. "Meta-analyzing ownership concentration and firm performance in Asia: Towards a more fine-grained understanding," Asia Pacific Journal of Management, Springer, vol. 26(3), pages 481-512, September.
    17. Fritz W. Scharpf, 2009. "The Asymmetry of European Integration - or why the EU cannot be a Social Market Economy," KFG Working Papers p0006, Free University Berlin.
    18. Angeles Fernandez-Izquierdo & Juan Matallin-Saez, 2008. "Performance of Ethical Mutual Funds in Spain: Sacrifice or Premium?," Journal of Business Ethics, Springer, vol. 81(2), pages 247-260, August.
    19. Beyer, Jürgen, 2006. "Verfestigte institutionelle Vielfalt? Die komparativen Vorteile koordinierter Ökonomien und die Internationalisierung von Unternehmen," MPIfG Working Paper 06/8, Max Planck Institute for the Study of Societies.
    20. Luke Nottage, 2006. "Nothing New in the (North) East? Interpreting the Rhetoric and Reality of Japanese Corporate Governance," Governance Working Papers 21819, East Asian Bureau of Economic Research.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:sustdv:v:16:y:2008:i:3:p:155-168. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-1719 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.