Socially Responsible Investing in ”High-Net-Worth” Asset Management Firms in Canada: An Exploratory Study

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dc.contributor.author Robson, Andrea
dc.contributor.author Wakefield, Sarah E. L.
dc.date.accessioned 2010-10-04T10:29:19Z
dc.date.available 2010-10-04T10:29:19Z
dc.date.issued 2007
dc.identifier.citation Robson, A. & Wakefield, S. E. L. (2007). Socially Responsible Investing in ”High-Net-Worth” Asset Management Firms in Canada: An Exploratory Study EJBO - Electronic Journal of Business Ethics and Organization Studies, Vol. 12 (1).  Retrieved from http://ejbo.jyu.fi
dc.identifier.issn 1239-2685
dc.identifier.uri http://hdl.handle.net/123456789/25391
dc.description.abstract Socially responsible investing (SRI) is an increasingly well-known investment strategy. However, in most nations, SRI is not mainstream practice. This paper investigates perceptions of SRI amongst investment professionals from “high-net-worth” investment firms in Toronto, Canada. Existing corporate practices in relation to stock selection and client relations are documented, in order to assess how these practices might facilitate or prevent SRI. Views of SRI, and its current and potential future role in investment practice, were also explored. Results suggest that, while awareness of SRI has increased in recent years, it has not become accepted practice in high-net-worth investment firms. This lack of adoption stems from the perceived additional burden of researching the ethical (and not just financial) performance of companies, rather than any fundamental disagreement with the principles of SRI. In addition, interview participants pointed to low levels of client demand. Increased awareness of SRI among both professionals and clients was seen as the most effective way of increasing its adoption. The paper concludes by discussing the implications of this research for social responsible investing in Canada’s high-net-worth investment firms as well as in the broader investment world. en
dc.language.iso eng
dc.publisher Business and Organization Ethics Network (BON)
dc.relation.ispartofseries EJBO - Electronic Journal of Business Ethics and Organization Studies
dc.relation.uri http://ejbo.jyu.fi
dc.subject.other socially responsible investing en
dc.subject.other ethical investing en
dc.subject.other investment practice en
dc.subject.other screening en
dc.subject.other corporate social responsibility en
dc.subject.other eettinen sijoittaminen en
dc.subject.other sosiaalinen vastuu en
dc.title Socially Responsible Investing in ”High-Net-Worth” Asset Management Firms in Canada: An Exploratory Study
dc.type Article en
dc.identifier.urn URN:NBN:fi:jyu-201010042902

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