Journal of Business Ethics

, Volume 52, Issue 1, pp 1–10 | Cite as

Ethical Investment Processes and Outcomes

  • Grant Michelson
  • Nick Wailes
  • Sandra Van Der Laan
  • Geoff Frost


There is a growing body of literature on ethical or socially responsible investment across a range of disciplines. This paper highlights the key themes in the field and identifies some of the major theoretical and practical challenges facing both scholars and practitioners. One of these challenges is understanding better the complexity of the relationship between such investment practices and corporate behaviour. Noting that ethical investment is seldom characterised by agreement about what it actully constitutes, and that much of the extant research focuses on a narrow set of issues, the paper argues that there are benefits associated with examining ethical investment as a process.

ethical investment socially responsible investing screening funds management corporate social responsibility 


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Copyright information

© Kluwer Academic Publishers 2004

Authors and Affiliations

  • Grant Michelson
    • 1
  • Nick Wailes
    • 1
  • Sandra Van Der Laan
    • 1
  • Geoff Frost
    • 1
  1. 1.Work and Organisational Studies, School of Business, Faculty of Economics and BusinessUniversity of SydneySydneyAustralia

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