Socially responsible finance and investing : financial institutions, corporations, investors, and activists / editors, H. Kent Baker, John R. Nofsinger.

Includes bibliographical references and index.

Machine derived contents note: Acknowledgments -- Chapter 1 Socially Responsible Finance and Investing: An Overview (H.Kent Baker and John R. Nofsinger) -- Introduction -- Corporate Social Responsibility -- Socially Responsible Investing -- Purpose of the Book -- Features of the Book -- Intended Audience -- Structure of the Book -- Section I. Foundations and Key Concepts -- Chapter 2 Stakeholder Analysis (Lloyd S. Kurtz) -- Chapter 3 Corporate Social Responsibility (Heather Elms and Michelle Westermann-Behaylo) -- Chapter 4 Business Models and Social Entrepreneurship (Michael A. Pirson) -- Chapter 5 Fiduciary and Other Legal Duties (Benjamin J. Richardson) -- Chapter 6 International and Cultural Views (Astrid Juliane Salzmann) -- Section II. Society and Finance -- Chapter 7 Social, Environmental and Trust Issues in Business and Finance (Christoph F. Biehl, Andreas G. F. Hoepner, and Jianghong Liu) -- Chapter 8 Religion and Finance (Luc Renneboog and Christophe Spaenjers) -- Chapter 9 Social Finance and Banking (Olaf Weber and Yayun Duan) -- Chapter 10 Managerial Compensation (Kose John and Samir Saadi) -- Chapter 11 Externalities in Financial Decision Making (Janis Sarra) -- Chapter 12 Real Estate and Society (Piet Eichholtz and Nils Kok) -- Chapter 13 Federal Housing Policies and the Recent Financial Crisis (Ronnie J. Phillips and Kenneth Spong) -- Chapter 14 Predatory Lending and Socially Responsible Investors (Christopher L. Peterson) -- Chapter 15 Use and Misuse of Financial Secrecy in Global Banking (Ingo Walter) -- Section III. Corporate Engagement -- Chapter 16 Corporate Social Responsibility and Governance (Lorenzo Sacconi) -- Chapter 17 Measuring Responsibility to the Different Stakeholders (Amir Rubin and Eran Rubin) -- Chapter 18 Corporate Philanthropy (Janet Kiholm Smith) -- Chapter 19 Institutional Investor Activism (Diane Del Guercio and Hai Tran) -- Chapter 20 Social Activism and Nongovernmental Organizations (Jonathan P. Doh and Deborah Zachar) -- Section IV. Socially Responsible Investing -- Chapter 21 Corporate Socially Responsible Investments (John R. Becker-Blease) -- Chapter 22 SRI Mutual Fund and Index Performance (Halil Kiymaz) -- Chapter 23 Performance Implications of SR Investing: Past versus Future (Nadja Guenster) -- Chapter 24 Money-Flows of Socially Responsible Investment Funds around theWorld (Luc Renneboog, Jenke Ter Horst, and Chendi Zhang) -- Summary and Conclusions -- References -- About the Editors -- Part I: Foundations and Key Concepts -- Chapter 2 Stakeholder Analysis (Lloyd S. Kurtz) -- Introduction -- Stakeholders vs. Shareholders -- The Input/Output Model -- Stakeholders and Corporate Strategy -- Empirical Support for a Stakeholder Worldview -- Types of Stakeholder Theory -- Normative Stakeholder Theory -- Instrumental Stakeholder Theory -- Descriptive Stakeholder Theory -- Stakeholder Analysis for Investors -- Types of Stakeholders: Customers -- Types of Stakeholders: Suppliers -- Types of Stakeholders: Contextual -- Owners as Stakeholders -- Expropriation -- Overreach -- Overinvestment -- Stakeholder Information in Financial Markets -- Summary and Conclusions -- Discussion Questions -- References -- About the Author -- Chapter 3 Corporate Social Responsibility (Heather Elms and Michelle Westermann-Behaylo) -- Introduction -- The Business Ethics Literature -- Friedman vs. Freeman: Stockholders vs. Stakeholders -- Instrumental vs. Intrinsic Approaches -- The Separation Thesis -- Responsibility -- The Finance Literature -- The Accounting And Marketing Literatures -- Emerging Directions In Finance Scholarship -- Summary And Conclusions -- Discussion Questions -- References -- About The Authors -- Chapter 4 Business Models and Social Entrepreneurship (Michael A. Pirson) -- Introduction -- Social Entrepreneurship As A Blueprint For Shared Value Creation Strategies -- Models Of Social Entrepreneurship -- External Social Enterprise -- Integrated Social Enterprise -- Embedded Social Enterprise -- Business Models Of Microfinance -- Grameen Bank -- Accion International -- Lessons Learned For Socially Responsible Finance And Investing -- The Case Of Social Impact Investing -- Summary And Conclusions -- Discussion Questions -- References -- About The Author -- Chapter 5 Fiduciary and Other Legal Duties (Benjamin J. Richardson) -- Introduction -- Basic Fiduciary Principles And Their Impact On Sri -- Obey The Trust Deed -- Duty Of Loyalty To Beneficiaries -- Beneficiaries' Views And The Duty Of Impartiality -- Duty Of Care -- Statutory Reform -- Summary And Conclusions -- Discussion Questions -- References -- About The Author -- Chapter 6 International and Cultural Views (Astrid Juliane Salzmann) -- Introduction -- Legal Origin -- Summary and Conclusions -- Discussion Questions -- References -- About the Author -- Part II Finance and Society -- Chapter 7 Social, Environmental, and Trust Issues in Business and Finance (Christoph F. Biehl, Andreas G. F. Hoepner and Jianghong Liu) -- Introduction -- Historical context on SET issues -- Pre-1940s: The Early Centuries -- 1940s: The Post World War II Era -- 1950s: The Discovery of Pension Funds as a Tool -- 1960s: The Movement Decade -- 1970s: The Organization and Implementation Decade -- 1980s: The Decade of Societal and Political Attention -- 1990s: SET Issues Reach Finance -- 2000s: The Era of Responsible Investment Starts -- 2010s: Trust Issues Enter the Stage and Social and Environmental Issues Enter the Mainstream -- SET challenges and opportunities in Business and Finance -- Summary and Outlook -- Discussion Questions -- References -- Acknowledgements -- About the Authors -- Chapter 8 Religion and Finance (Luc Renneboog and Christophe Spaenjers) -- Introduction -- Literature Review -- Religion And Economic Attitudes -- Religion And Economic Development -- Religion, Firms, And Mutual Funds -- Religion And Household Finance -- Empirical Analysis Of Religion And Financial Decision Making -- Data -- Results: Religion And Economic Attitudes -- Results: Religion And Household Finance -- Results: Religion, Economic Attitudes, And Household Finance -- Limitations -- Summary And Conclusions -- Discussion Questions -- References -- About The Authors -- Chapter 9 Social Finance and Banking (Olaf Weber and Yayun Duan) -- Introduction -- Types of social finance -- Summary and Conclusions -- Discussion Questions -- References -- About the Authors -- Chapter 10 Managerial Compensation (Kose John and Samir Saadi) -- Introduction -- Structure And Level Of Executive Compensation -- Determinants Of Stock Option Compensation -- Summary And Conclusions -- Discussion Questions -- References -- About The Authors -- Chapter 11 Externalities In Financial Decision Making (Janis Sarra) -- Introduction -- Externalities Can Be Positive Or Negative -- Positive Externalities In Financial Markets -- Increased Negative Externalities -- Summary And Conclusions -- Discussion Questions -- References -- About The Author -- Chapter 12 Real Estate and Society (Piet Eichholtz and Nils Kok) -- Introduction -- The Economic Performance Of Green Buildings -- Why Do Corporations Pay A Premium For'Green'? -- Implications For Institutional Investors: The Gresb Benchmark -- Summary And Conclusions -- Discussion Questions -- References -- About The Authors -- Chapter 13 Federal Housing Policies and the Recent Financial Crisis (Ronnie J. Phillips and Kenneth Spong) -- Introduction -- Public Policymakers And Social Objectives In Housing -- The Housing Collapse And The Financial Crisis -- Federal Housing Policy -- Alternative Approaches For Expanding Homeownership -- Summary And Conclusions -- Disclaimer -- Discussion Questions -- References -- About The Authors -- Chapter 14 Predatory Lending and Socially Responsible Investors (Christopher L.

Peterson) -- Introduction -- In The Eye Of The Beholder: Controversial Credit Products -- A Palsy In The Invisible Hand: Distorted Consumer Finance Markets -- The Evolving Law Of Predatory Lending: A Brief Overview -- Predatory Warning Signs For The Socially Responsible Investor -- Summary And Conclusions -- Discussion Questions -- References -- About The Author -- Chapter 15 Use and Misuse of Financial Secrecy in Global Banking (Ingo Walter) -- Microeconomics of Financial Secrecy -- Summary And Conclusions -- Discussion Questons -- References -- About The Author -- Part III: Corporate Engagement -- Chapter 16 Corporate Social Responsibility and Corporate Governance (Lorenzo Sacconi) -- Introduction -- The Place Of Csr In The Corporate Governance Debate -- Summary And Conclusions -- Discussion Questions -- References -- About The Author -- Chapter 17 Measuring Responsibility to the Different Stakeholders (Amir Rubin and Eran Rubin) -- Introduction -- Measuring Social Performance -- Csr Components - The Different Stakeholders And Measures -- Summary And Conclusions -- Discussion Questions -- References -- About The Authors -- Chapter 18 Corporate Philanthropy (Janet Kiholm Smith) -- Introduction -- Evolving Views Of Corporate Philanthropy -- Corporate Philanthropic Practices -- Evidence On The Motivation And Impact Of Corporate Philanthropy -- The Impact Of Corporate Giving On Firm Performance -- Summary And Conclusions -- Discussion Questions -- References -- About The Author -- Chapter 19 Institutional Investor Activism (Diane Del Guercio and Hai Tran) -- Introduction -- How Institutional Investors Define Sri -- Shareholder Proxy Proposals As Activism.

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'A detailed look at the role of social responsibility in finance and investing. The concept of socially responsible finance and investing continues to grow, especially in the wake of one of the most devastating financial crises in history. This includes responsibility from the corporate side (corporate social responsibility) as well as the investor side (socially responsible investing) of the capital markets. Filled with in-depth insights and practical advice, Socially Responsible Finance and Investing offers an important basis of knowledge regarding both the theory and practice of this ever-evolving area of finance.As part of the Robert W. Kolb Series in Finance, this book showcases contributed chapters from professionals and academics with extensive expertise on this particular subject. It provides a comprehensive view of socially responsible foundations and their applications to finance and investing as determined by the current state of research. Discusses many important issues associated with socially responsible finance and investing, like moral hazard and the concept of'too big to fail' Contains contributed chapters from numerous thought-leaders in the field of finance Presents comprehensive coverage starting with the basics and bringing you through to cutting-edge, current theory and practice Now more than ever, we need to be mindful of the social responsibilities of all investment practices. The recent financial crisis and recession has changed the financial landscape for years to come and Socially Responsible Finance and Investing is a timely guide to help us navigate this difficult terrain'--Provided by publisher.