From Preaching to Investing: Attitudes of Religious Organisations Towards Responsible Investment
Religious organisations are major investors with sometimes substantial investment volumes. An important question for them is how to make investments in, and to earn returns from, companies and activities that are consistent with their religious beliefs or that even support these beliefs. Religious o...
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| Veröffentlicht in: | Journal of business ethics 2012-10, Vol.110 (3), p.301-320 |
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| creator | Louche, Céline Arenas, Daniel van Cranenburgh, Katinka C. |
| description | Religious organisations are major investors with sometimes substantial investment volumes. An important question for them is how to make investments in, and to earn returns from, companies and activities that are consistent with their religious beliefs or that even support these beliefs. Religious organisations have pioneered responsible investment. Yet little is known about their investment attitudes. This article addresses this gap by studying faith consistent investing. Based on a survey complemented by interviews, we investigate religious organisations' attitudes towards responsible investment including opinions, practices and the impediments for implementing faith consistent investing. Although our results cannot be generalised because of the non-random character of our sample, six main characteristics of faith consistent investing are drawn: investing is not perceived as being in contradiction with religious values, religious values are important drivers, there is a strong community around faith consistent investing, religious investors are pioneering impact investing, implementing faith consistent investing is not without difficulties, and practices vary across regions. The survey also reveals that faith consistent investing has many commonalities with secular responsible investors. |
| doi_str_mv | 10.1007/s10551-011-1155-8 |
| format | Article |
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An important question for them is how to make investments in, and to earn returns from, companies and activities that are consistent with their religious beliefs or that even support these beliefs. Religious organisations have pioneered responsible investment. Yet little is known about their investment attitudes. This article addresses this gap by studying faith consistent investing. Based on a survey complemented by interviews, we investigate religious organisations' attitudes towards responsible investment including opinions, practices and the impediments for implementing faith consistent investing. Although our results cannot be generalised because of the non-random character of our sample, six main characteristics of faith consistent investing are drawn: investing is not perceived as being in contradiction with religious values, religious values are important drivers, there is a strong community around faith consistent investing, religious investors are pioneering impact investing, implementing faith consistent investing is not without difficulties, and practices vary across regions. 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Although our results cannot be generalised because of the non-random character of our sample, six main characteristics of faith consistent investing are drawn: investing is not perceived as being in contradiction with religious values, religious values are important drivers, there is a strong community around faith consistent investing, religious investors are pioneering impact investing, implementing faith consistent investing is not without difficulties, and practices vary across regions. The survey also reveals that faith consistent investing has many commonalities with secular responsible investors.</description><subject>Attitudes</subject><subject>Business administration</subject><subject>Business and Management</subject><subject>Business Ethics</subject><subject>Christianity</subject><subject>Education</subject><subject>Ethics</subject><subject>Faith</subject><subject>Financial investments</subject><subject>Humanities and Social Sciences</subject><subject>Investment</subject><subject>Investment strategies</subject><subject>Investors</subject><subject>Islam</subject><subject>Judaism</subject><subject>Management</subject><subject>Organizations</subject><subject>Philosophy</subject><subject>Preaching</subject><subject>Quality of Life Research</subject><subject>Religion</subject><subject>Religious beliefs</subject><subject>Religious organizations</subject><subject>Religious studies</subject><subject>Shareholders</subject><subject>Social 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An important question for them is how to make investments in, and to earn returns from, companies and activities that are consistent with their religious beliefs or that even support these beliefs. Religious organisations have pioneered responsible investment. Yet little is known about their investment attitudes. This article addresses this gap by studying faith consistent investing. Based on a survey complemented by interviews, we investigate religious organisations' attitudes towards responsible investment including opinions, practices and the impediments for implementing faith consistent investing. Although our results cannot be generalised because of the non-random character of our sample, six main characteristics of faith consistent investing are drawn: investing is not perceived as being in contradiction with religious values, religious values are important drivers, there is a strong community around faith consistent investing, religious investors are pioneering impact investing, implementing faith consistent investing is not without difficulties, and practices vary across regions. The survey also reveals that faith consistent investing has many commonalities with secular responsible investors.</abstract><cop>Dordrecht</cop><pub>Springer</pub><doi>10.1007/s10551-011-1155-8</doi><tpages>20</tpages><orcidid>https://orcid.org/0000-0001-6500-1862</orcidid><oa>free_for_read</oa></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0167-4544 |
| ispartof | Journal of business ethics, 2012-10, Vol.110 (3), p.301-320 |
| issn | 0167-4544 1573-0697 |
| language | eng |
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| source | PAIS Index; EBSCOhost Business Source Complete; JSTOR Archive Collection A-Z Listing; EBSCOhost Education Source; SpringerLink Journals - AutoHoldings |
| subjects | Attitudes Business administration Business and Management Business Ethics Christianity Education Ethics Faith Financial investments Humanities and Social Sciences Investment Investment strategies Investors Islam Judaism Management Organizations Philosophy Preaching Quality of Life Research Religion Religious beliefs Religious organizations Religious studies Shareholders Social investing Social responsibility Socially responsible investing Stockholders Studies Values |
| title | From Preaching to Investing: Attitudes of Religious Organisations Towards Responsible Investment |
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