Trends in the Literature on Socially Responsible Investment: Looking for the Keys Under the Lamppost

12 Pages Posted: 20 Jun 2012

See all articles by Gunther Capelle‐Blancard

Gunther Capelle‐Blancard

affiliation not provided to SSRN

Stéphanie Monjon

CIRED, International Research Center on Environment & Development, France

Date Written: June 2012

Abstract

In this paper, we use online search engines and archive collections to examine the popularity of socially responsible investing (SRI) in newspapers and academic journals. A simple content analysis suggests that most of the papers on SRI focus on financial performance. This profusion of research is somewhat puzzling as most of the studies used roughly the same methodology and obtained very similar results. So, why are there so many studies on SRI financial performance? We argue that the academic literature on SRI is mostly data driven: the famous ‘looking for the keys under the lamppost’ syndrome. The question of the financial performance of the SRI funds is certainly relevant but maybe too much attention has been paid to this issue, whereas more research is needed on a conceptual and theoretical ground, in particular the aspirations of SRI investors, the relationship between regulation and SRI as well as the assessment of extra‐financial performances.

Suggested Citation

Capelle‐Blancard, Gunther and Monjon, Stéphanie, Trends in the Literature on Socially Responsible Investment: Looking for the Keys Under the Lamppost (June 2012). Business Ethics: A European Review, Vol. 21, Issue 3, pp. 239-250, 2012. Available at SSRN: https://ssrn.com/abstract=2087283 or http://dx.doi.org/10.1111/j.1467-8608.2012.01658.x

Gunther Capelle‐Blancard (Contact Author)

affiliation not provided to SSRN

No Address Available

Stéphanie Monjon

CIRED, International Research Center on Environment & Development, France ( email )

Campus du Jardin Tropical
45 bis avenue de la Belle Gabrielle
F94736 Nogent sur Marne Cedex
France

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