Baker / Nofsinger Socially Responsible Finance and Investing

Financial Institutions, Corporations, Investors, and Activists
1. Auflage 2012
ISBN: 978-1-118-22375-8
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 528 Seiten, E-Book

Reihe: Robert W. Kolb Series

A detailed look at the role of social responsibility in financeand investing
The concept of socially responsible finance and investingcontinues to grow, especially in the wake of one of the mostdevastating financial crises in history. This includesresponsibility from the corporate side (corporate socialresponsibility) as well as the investor side (socially responsibleinvesting) of the capital markets. Filled with in-depth insightsand practical advice, Socially Responsible Finance andInvesting offers an important basis of knowledge regarding boththe theory and practice of this ever-evolving area of finance.
As part of the Robert W. Kolb Series in Finance, this bookshowcases contributed chapters from professionals and academicswith extensive expertise on this particular subject. It provides acomprehensive view of socially responsible foundations and theirapplications to finance and investing as determined by the currentstate of research.
* Discusses many important issues associated with sociallyresponsible finance and investing, like moral hazard and theconcept of "too big to fail"
* Contains contributed chapters from numerous thought-leaders inthe field of finance
* Presents comprehensive coverage starting with the basics andbringing you through to cutting-edge, current theory andpractice
Now more than ever, we need to be mindful of the socialresponsibilities of all investment practices. The recent financialcrisis and recession has changed the financial landscape for yearsto come and Socially Responsible Finance and Investing is atimely guide to help us navigate this difficult terrain.

Autoren/Hrsg.

Baker, H. Kent

Nofsinger, John R.

Inhaltsverzeichnis

Acknowledgments ix
1 Socially Responsible Finance and Investing: An Overview 1
H. Kent Baker and John R. Nofsinger
PART I Foundations and Key Concepts 15
2 Stakeholder Analysis 17
Lloyd S. Kurtz
3 Corporate Social Responsibility 39
Heather Elms and Michelle Westermann-Behaylo
4 Business Models and Social Entrepreneurship 55
Michael A. Pirson
5 Fiduciary and Other Legal Duties 69
Benjamin J. Richardson
6 International and Cultural Views 87
Astrid Juliane Salzmann
PART II Finance and Society 109
7 Social, Environmental, and Trust Issues in Business and Finance 111
Christoph F. Biehl, Andreas G. F. Hoepner, and Jianghong Liu
8 Religion and Finance 143
Luc Renneboog and Christophe Spaenjers
9 Social Finance and Banking 161
Olaf Weber and Yayun Duan
10 Managerial Compensation 181
Kose John and Samir Saadi
11 Externalities in Financial Decision Making 197
Janis Sarra
12 Real Estate and Society 213
Piet Eichholtz and Nils Kok
13 Federal Housing Policies and the Recent Financial Crisis 239
Ronnie J. Phillips and Kenneth Spong
14 Predatory Lending and Socially Responsible Investors 257
Christopher L. Peterson
15 Use and Misuse of Financial Secrecy in Global Banking 275
Ingo Walter
PARTIII Corporate Engagement 297
16 Corporate Social Responsibility and Corporate Governance 299
Lorenzo Sacconi
17 Measuring Responsibility to the Different Stakeholders 323
Amir Rubin and Eran Rubin
18 Corporate Philanthropy 341
Janet Kiholm Smith
19 Institutional Investor Activism 359
Diane Del Guercio and Hai Tran
20 Social Activism and Nongovernmental Organizations 381
Jonathan P. Doh and Deborah Zachar
PART IV Socially Responsible Investing 403
21 Corporate Socially Responsible Investments 405
John R. Becker-Blease
22 SRIMutual Fund and Index Performance 425
Halil Kiymaz
23 Performance Implications of SR Investing: Past versus Future 443
Nadja Guenster
24 Money-Flows of Socially Responsible Investment Funds around theWorld 455
Luc Renneboog, Jenke Ter Horst, and Chendi Zhang
Answers to Chapter Discussion Questions 479
Index 503

Über Autor(innen)

H. KENT BAKER, PhD, CFA, CMA, is University Professor ofFinance and Kogod Research Professor at the Kogod School ofBusiness at American University, Washington, D.C. As one of themost prolific finance academics, he has published 16 books, andmore than 150 refereed articles in such publications as theJournal of Finance, Journal of Financial and QuantitativeAnalysis, Financial Management, Financial Analysts Journal, Journalof Portfolio Management, and Harvard Business Review. Hehas consulting and training experience with more than 100organizations. Professor Baker holds a BSBA from GeorgetownUniversity; MEd, MBA, and DBA degrees from the University ofMaryland; and a MA, MS, and two PhDs from American University. Healso holds CFA and CMA designations.
JOHN R. NOFSINGER is a Professor of Finance and NihoulFaculty Fellow at Washington State University. He is one of theworld's leading experts in behavioral finance and is a frequentspeaker on this topic and socially responsible finance atinvestment management conferences, universities, and academicconferences. Professor Nofsinger has also published more than 50articles in scholarly and practitioner journals. His research hasappeared in the Journal of Finance, Journal of Business, Journalof Financial and Quantitative Analysis, Journal of CorporateFinance, Journal of Banking and Finance, Financial Management,Financial Analysts Journal, Journal of Behavioral DecisionMaking, and many others. Professor Nofsinger earned a PhD infinance from Washington State University.