Is Responsible Investment under-proportionally Researched?

Forthcoming in Handbook of Responsible Investment

95 Pages Posted: 26 May 2009 Last revised: 8 Feb 2016

See all articles by Andreas G. F. Hoepner

Andreas G. F. Hoepner

Smurfit Graduate Business School, University College Dublin; European Commission - DG FISMA

David G. McMillan

University of Stirling

Michael Fraser

New Zealand Institute of Chartered Accountants

Date Written: October 1, 2013

Abstract

We contribute to the research policy literature by pioneering the development of a sufficiently reliable and generically applicable benchmarking approach for research area output quantity and/or quality. In our development, we overcome substantial structural problems such as the ignorance of books and monographs or the inconsistent citation behaviour differences between research areas. Our approach offers various new opportunities to stakeholders of the research process. For instance, governments, research funding bodies or researchers could benefit from a traffic light system for research area performance and competitiveness, which universities could also use for strategic decision making on their national research assessment submissions. We illustrate our approach for the interdisciplinary research area of responsible investment, which is backed by a trillion $ industry, and find it to experience under-proportional aggregated (quality weighted) research output. This signals to governments, which already legislatively support responsible investment, the need for additional research support and to researchers a less competitive but relevant research area.

Keywords: bibliometrics, citation analysis, ethical investing, research policy, scientometrics

JEL Classification: B49, I20, I23, I28, I29

Suggested Citation

Hoepner, Andreas G. F. and McMillan, David G. and Fraser, Michael, Is Responsible Investment under-proportionally Researched? (October 1, 2013). Forthcoming in Handbook of Responsible Investment, Available at SSRN: https://ssrn.com/abstract=1409661 or http://dx.doi.org/10.2139/ssrn.1409661

Andreas G. F. Hoepner (Contact Author)

Smurfit Graduate Business School, University College Dublin ( email )

Blackrock, Co. Dublin
Ireland

European Commission - DG FISMA ( email )

2 Rue de Spa
Brussels, 1000
Belgium

David G. McMillan

University of Stirling ( email )

Stirling, Scotland FK9 4LA
United Kingdom

Michael Fraser

New Zealand Institute of Chartered Accountants ( email )

Level 7, Tower Building, 50 Customhouse Quay
PO Box 11342
Wellington, 6142
New Zealand

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