Socially Responsible Investment
Corporate Social Responsibility in the finance domain emerged from Socially Responsible Investments (SRI). Historically, grown out of ethical and religious concerns on the market place. Today, SRI is practiced around the world. Most novel extensions are green funds and carbon divestiture in the light of climate change.
In recent decades, ethicality has become subject to scientific scrutiny in the management and business literature. Research described Corporate Social Responsibility (CSR) codes of conduct and compared social responsibility practices in the international arena. CSR business cases outlined success factors of corporate social conscientiousness. Corporate social engagement was empirically linked to corporate financial performance and related to investments (Puaschunder 2010).
With the emerging stream of literature on CSR, the finance community concurrently started paying attention to...
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