A History of Scandinavian Socially Responsible Investing

  title={A History of Scandinavian Socially Responsible Investing},
  author={Elias Bengtsson},
  journal={Journal of Business Ethics},
This article contributes to the literature on national varieties of socially responsible investment (SRI) by demonstrating how Scandinavian SRI developed from the 60s and onwards. Combining findings on Scandinavian SRI with insights from previous research and institutional theory, the article accounts for the role of changes in societal values and norms, the mechanisms by which SRI practices spread, and how investors adopt and transform practices to suit their surrounding institutional contexts… 
A Social Movement Perspective on Finance: How Socially Responsible Investment Mattered
This study discusses how social movements can influence economic systems. Employing a political–cultural approach to markets, it purports that ‘compromise movements’ can help change existing
Institutional Change in the Making - The Case of Socially Responsible Investment
This dissertation explores the mechanisms of institutional change in practice. The institutional change under study relates to the progressive penetration of Socially Responsible Investment (SRI)
Drivers of Socially Responsible Investing: A Case Study of Four Nordic Countries
In this study, we try to establish what determines the substantial differences in the Nordic countries’ size and composition of socially responsible investing (SRI). We investigate if these
Essays on institutional investment and socially responsible investing
This thesis contributes to the growing body of research on socially responsible investing (SRI) and institutional investment. Throughout the three main chapters of the thesis, I empirically
The Market for Socially Responsible Investing: A Review of the Developments
Purpose This study aims to explain how socially responsible investing (SRI) has evolved in the past few decades and sheds light on its latest developments. It describes different forms of SRI in the
Reconciling CSR with the Role
This article uses the Swedish example to illustrate how corporate social responsibility (CSR) is understood and interpreted when it enters a welfare state context where social issues have
Rational Socially Responsible Investment
Purpose – The purpose of this paper is first to give an in-depth discussion of the criticism of socially responsible investment's (SRI) alleged incompatibility with the concept of rational investment
Responsible investment in times of turmoil
* Scrutinises and reflects on SRI in the context of the current financial crisis * Critically assesses different understandings of SRI as they play out in the market * Tackles epistemological,
Corporate Social Responsibility and Corporate Governance: Concepts, Perspectives and Emerging Trends in Ibero-america
The chapter describes the recent history of Sustainability Indices in three Latin American countries: Brazil, Mexico, and Chile. In these countries, local Stock Exchanges have been recently launching
Socially Responsible Investment: Global Convergence or Local Divergence?
The chapter conceptualizes the mechanisms that sustain the development of socially responsible investment (SRI). Empirical observations show that SRI has gained unprecedented momentum worldwide in


Non-Governmental Organizations, Shareholder Activism, and Socially Responsible Investments: Ethical, Strategic, and Governance Implications
In this article, we document the growing influence of non-governmental organizations (NGOs) in the realm of socially responsible investing (SRI). Drawing from ethical and economic perspectives on
Explaining the Growth in UK Socially Responsible Investment
An acknowledged need to improve corporate social responsibility (CSR) has led to a recent review of UK company law [2] and has become an important aspect of the broadening agenda for corporate
An Analysis of European Ethical Funds
There is a lack of literature on corporate social responsibility as it is conceived and practised in non-Anglo-Saxon institutional settings. Particularly appealing is France, with their powerful
Micro-strategies of Contextualization: Cross-national Transfer of Socially Responsible Investment
This paper examines how individuals select and mobilize local institutions when they transfer business practices across societies that are construed as dissimilar to one another. We investigate
Rise of the Institutional Equity Funds: Implications for Managerialism
Two salient features of fin de siecle economy in the United States and Western Europe are (1) the hollowing out of social relations between major corporations, their employees, and the communities in
The Market for Virtue: The Potential and Limits of Corporate Social Responsibility
The principles and practices of corporate social responsibility (CSR) date back more than a century, but the current wave of interest in this topic is unprecedented. This heightened attention is
Globalization, corporate social responsibility and human rights
In extending this journal to include issues of corporate social responsibility, we have come to recognize and reflect the fact that in order to move towards sustainable development we must examine
Transnational Capitalist Class
The transnational capitalist class (TCC) as a theoretical concept and an empirical reality has its origins in theories of capitalist globalization developed since the 1960s. Traditional Marxist
The Architecture of Markets: An Economic Sociology of Twenty-First-Century Capitalist Societies
Market societies have created more wealth and more opportunities for more people, than any other system of social organization in history. Yet we still have a rudimentary understanding of how markets
Globalization and Institutions
This volume investigates the relationship between economic globalization and institutions, or global governance, challenging the common assumption that globalization and institutionalization are