Morals and markets: the case of ethical investing.

An empirical psychological study was conducted to examine the relationship between ethical investors' desires and their ethical and financial beliefs. The study conducted semistructured interviews of 20 ethical investors, of which 10 were analyzed using qualitative data analysis software. The find...

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Detalles Bibliográficos
Publicado en:Business Ethics Quarterly Vol. 9; no. 3; pp. 439 - 453
Autores principales: Mackenzie, Craig, Lewis, Alan
Formato: Artículo
Publicado: Philosophy Documentation Center July 1999
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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          Mackenzie, Craig
          Lewis, Alan
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        Investments & society
        Industries & society
        Professional ethics of stockbrokers
        Investors
        Psychology
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          Investments & society
          Industries & society
          Professional ethics of stockbrokers
          Investors
          Psychology
      ab: An empirical psychological study was conducted to examine the relationship between ethical investors' desires and their ethical and financial beliefs. The study conducted semistructured interviews of 20 ethical investors, of which 10 were analyzed using qualitative data analysis software. The findings revealed four ways in which the ethical investors dealt with the problem of not being prepared to sacrifice essential financial requirements for ethical concerns: dividing money into core and surplus accounts, deciding that being a partial ethical investor was sufficient, avoiding detailed consideration of the costs of ethical investment, and avoiding rigorous ethical thinking. These findings imply that there exists a portfolio approach to ethics that allows people to satisfy their consciences by making only small ethical investments and putting the rest of their investment in nonethical investment vehicles.
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