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| Author: | Dembinski, P.H. (et al.) |
| Title: | The ethical foundations of responsible investment |
| Journal: | Journal of Business Ethics
2003 : DEC I, VOL. 48:2, p. 203-213 |
| Index terms: | Ethics Investment Responsibility |
| Language: | eng |
| Abstract: | In the area of investment, responsibility may be expressed via four types of ethical concern: value-based ethics resulting in the exclusion of so-called "vicious" companies from the investment portfolio; fructification-oriented ethics with a view to long-term investment; consequence-based ethics aimed at initiating a behavioural change in the investment target; and ethics envisaged as a discriminating criterion in the search of the best financial performance. No single formula of responsible investment is available, and the "responsible" approach necessarily implies the active involvement of a free acting subject striving to tackle fundamental ethical issues. The practice of responsible investment cannot be reduced to simply applying a particular legal rule or mathematical formula. |
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