KOLB SERIES IN FINANCE
Essential Perspectives
SOCIALLY RESPONSIBLE FINANCE and INVESTING
The socially responsible framework for viewing finance and investing activities continues to gain momentumespecially in the wake of the recent financial and economic crises, which have touched almost every part of the world. As interest in this approach has grown, so has the need for reliable insights on how it can be effectively understood and implemented.
That’s why Socially Responsible Finance and Investing, part of the Robert W. Kolb Series in Finance, has been created. Engaging and informative, this reliable resource contains detailed coverage of the theory, empirical work, and practice associated with the most essential areas of socially responsible finance and investing. It not only blends the conceptual world of academia with the pragmatic view of practitioners, but it also synthesizes relevant research studies, including recent developments in the field.
Divided into four comprehensive partswith each chapter containing discussion questions to help reinforce key concepts this book:
- Provides a solid foundation for understanding socially responsible finance and investing by exploring issues such as stakeholder analysis, social entrepreneurship, and the legal aspects of SRI
- Addresses how the impact of social concerns on financial activities has evolved over time, with insights on everything from managerial compensation and financial secrecy in global banking to predatory lending and real estate sustainability in society
- Touches on the topic of corporate engagement by examining the various ways of measuring CSR from the perspective of different shareholders, exploring corporate philanthropy from the perspectives of value enhancement and agency cost, and highlighting institutional investor and social activism
- Focuses on the investment aspects of social responsibility with discussions of the risk-adjusted performance of SRI institutional investors and financial companies, the global money flows into and out of SRI funds, and much more
Now more than ever, we need to be mindful of the social responsibilities of all investment practices. The recent financial crisis has changed the financial landscape for years to come and Socially Responsible Finance and Investing is a timely guide to help you navigate this difficult terrain.
KOLB SERIES IN FINANCE
Essential Perspectives
SOCIALLY RESPONSIBLE FINANCE and INVESTING
The socially responsible framework for viewing finance and investing activities continues to gain momentum especially in the wake of the recent financial and economic crises, which have touched almost every part of the world. As interest in this approach has grown, so has the need for reliable insights on how it can be effectively understood and implemented.
That’s why Socially Responsible Finance and Investing, part of the Robert W. Kolb Series in Finance, has been created. Engaging and informative, this reliable resource contains detailed coverage of the theory, empirical work, and practice associated with the most essential areas of socially responsible finance and investing. It not only blends the conceptual world of academia with the pragmatic view of practitioners, but it also synthesizes relevant research studies, including recent developments in the field.
Divided into four comprehensive parts with each chapter containing discussion questions to help reinforce key concepts this book:
- Provides a solid foundation for understanding socially responsible finance and investing by exploring issues such as stakeholder analysis, social entrepreneurship, and the legal aspects of SRI
- Addresses how the impact of social concerns on financial activities has evolved over time, with insights on everything from managerial compensation and financial secrecy in global banking to predatory lending and real estate sustainability in society
- Touches on the topic of corporate engagement by examining the various ways of measuring CSR from the perspective of different shareholders, exploring corporate philanthropy from the perspectives of value enhancement and agency cost, and highlighting institutional investor and social activism
- Focuses on the investment aspects of social responsibility with discussions of the risk-adjusted performance of SRI institutional investors and financial companies, the global money flows into and out of SRI funds, and much more
Now more than ever, we need to be mindful of the social responsibilities of all investment practices. The recent financial crisis has changed the financial landscape for years to come and Socially Responsible Finance and Investing is a timely guide to help you navigate this difficult terrain.
About the Author
H. KENT BAKER, PHD, CFA, CMA, is University Professor of Finance and Kogod Research Professor at the Kogod School of Business at American University, Washington, D.C. As one of the most prolific finance academics, he has published 16 books, and more than 150 refereed articles in such publications as the Journal of Finance, Journal of Financial and Quantitative Analysis, Financial Management, Financial Analysts Journal, Journal of Portfolio Management, and Harvard Business Review. He has consulting and training experience with more than 100 organizations. Professor Baker holds a BSBA from Georgetown University; MEd, MBA, and DBA degrees from the University of Maryland; and a MA, MS, and two PhDs from American University. He also holds CFA and CMA designations.
JOHN R. NOFSINGER is a Professor of Finance and Nihoul Faculty Fellow at Washington State University. He is one of the world’s leading experts in behavioral finance and is a frequent speaker on this topic and socially responsible finance at investment management conferences, universities, and academic conferences. Professor Nofsinger has also published more than 50 articles in scholarly and practitioner journals. His research has appeared in the Journal of Finance, Journal of Business, Journal of Financial and Quantitative Analysis, Journal of Corporate Finance, Journal of Banking and Finance, Financial Management, Financial Analysts Journal, Journal of Behavioral Decision Making, and many others. Professor Nofsinger earned a PhD in finance from Washington State University.