Socially Responsible Investment

  • Julia M. Puaschunder
Living reference work entry



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...

This is a preview of subscription content, log in to check access.


  1. Barro R (1990) Government spending in a simple model of endogenous growth. J Polit Econ 98:103–125CrossRefGoogle Scholar
  2. Marron DB, Morris AC (2016) How to use carbon tax revenues. Tax Policy Center Urban Institute and Brookings Institution, Washington, DCGoogle Scholar
  3. Puaschunder JM (2010) On corporate and financial social responsibility. Unpublished doctoral thesis, Faculty of Psychology, University of ViennaGoogle Scholar
  4. Puaschunder JM (2015) When investors care about politics: a meta-synthesis of political divestiture studies on the capital flight from South Africa during apartheid. Bus Peace Sustain Dev 5(24):29–52CrossRefGoogle Scholar
  5. Puaschunder JM (2016a) Intergenerational climate change burden sharing: an economics of climate stability research agenda proposal. Glob J Manag Bus Res: Econ Commer 16(3):31–38Google Scholar
  6. Puaschunder JM (2016b) On eternal equity in the fin-de-millénaire: Rethinking capitalism for intergenerational justice. J Leadersh Acc Ethics 13(2):11–24Google Scholar
  7. Sachs JD (2014) Climate change and intergenerational well-being. In: Bernard L, Semmler W (eds) The Oxford handbook of the macroeconomics of global warming. Oxford University Press, Oxford, pp 248–259Google Scholar

Copyright information

© Springer International Publishing AG, part of Springer Nature 2018

Authors and Affiliations

  1. 1.The New School, Department of EconomicsSchwartz Center for Economic Policy AnalysisNew YorkUSA
  2. 2.Graduate School of Arts and SciencesColumbia UniversityNew YorkUSA
  3. 3.Princeton UniversityPrincetonUSA
  4. 4.George Washington UniversityWashingtonUSA