For many of us, giving significant money away for promoting change is not a practical option. But investing for change--otherwise known as SRI (Socially Responsible Investing)--is something all of us can consider. Still, a number of questions come up when we consider what it means to invest responsibly, including:
* Is it possible to express values through one's investments?
* How easy is it to rank companies along standards of social rather than financial value? Wouldn't such standards be subjective?
* Does responsible investing imply taking more financial risks, resulting in poor performance?
* Does SRI force less virtuous companies to improve their behavior?
In
Investing for Change,Augustin Landier and Vinay Nair provide answers to these questions. Categorizing investors in illuminating groups of Yellow, Blue, and Red, and drawing on the latest research and their long experience in asset management, the authors show how responsible investing can truly come into its own.
Introduction: The Values Investor
1. Investing to Express Your Values: A Natural Idea
2. Can SRI Achieve Change?
3. Profits or Values?
4. Values
andIncreased Profits?
5. Is SRI Sustainable?
6. Your Values
Appendix
Notes
Genuinely persuasive --
Publishers Weekly Socially Responsible Investment (SRI) is attracting increasing attention around the world, as a complement to laws and regulations in the promotion of good corporate behaviour. In a very readable, well documented and thought out book, Landier and Nair address the key questions: What is SRI? Does it work? Can one do well by doing good?
Investing for Changebrings a balanced, yet upbeat view of SRI, and is a absolute must-read for all those, academics and practitioners of finance like the authors, or simple investors, who have an interest in socially responsible investment --Jean Tirole, director, Toulouse School of Economicslj