Abstract
Despite a large amount of assets under management and a strong influence on the sustainable investment movement, very little is known about what ethical investing looks like from a Christian perspective. We therefore analyzed the ethical investment policies of a unique dataset of Christian-influenced mutual fund providers using a structured–thematic content analysis. In detail, we looked at investment screens, investment techniques, and the public presentation of non-financial investment objectives. We note that, by and large, there is no “Christian investing” in the sense of an ethical investment policy that most fund providers have similarly implemented. The proposed explanation for the diversity is that the policies are determined by differing approaches to interpreting biblical texts and by divergent social and political influence factors. However, we have detected a unifying element among most Christians-influenced mutual fund providers: the intention to positively influence their portfolio companies’ sustainability indicators.
Funder
Stiftung der Deutschen Wirtschaft
Subject
Finance,Economics and Econometrics,Accounting,Business, Management and Accounting (miscellaneous)
Reference104 articles.
1. Do ethics imply persistence? The case of Islamic and socially responsible funds;Journal of Banking & Finance,2014
2. The performance of faith-based funds;The Journal of Investing,2013
3. The Work Ethic Values of Protestant British, Catholic Irish and Muslim Turkish Managers;Journal of Business Ethics,2001
4. Does Shari’ah Screening Cause Abnormal Returns? Empirical Evidence from Islamic Equity Indices;Journal of Business Ethics,2016
5. Baker, Malcolm P., Bergstresser, Daniel B., Serafeim, George, and Wurgler, Jeffrey A. (2018). Financing the Response to Climate Change: The Pricing and Ownership of U.S. Green Bonds, National Bureau of Economic Research. Working Paper No. 2514.
Cited by
1 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献