Should I Invest With My Conscience?

IF 4.8 Q1 Economics, Econometrics and Finance

Business Ethics-A European Review Pub Date : 2007-01-01 DOI:10.1111/j.1467-8608.2006.00470.x

J. Sandberg

引用次数: 16

Abstract

This paper discusses the idea that investors have moral reasons to avoid investing in certain business areas based on their own moral views towards these areas. Some have referred to this as 'conscience investing', and it is a central part of the conception of ethical investing within the socially responsible investment (SRI) movement. The paper presents what is taken to be the main arguments for this kind of investing as they are given by those who have defended it, and discusses the plausibility of these arguments from the point of view of moral philosophy. The paper argues that focusing on the moral views of individual investors is not very fruitful - there are strong reasons to think that investors do not have moral reasons to invest 'with their consciences', or, to the extent that such reasons are allowed, that they are very weak compared with other sorts of moral reasons pertaining to ethical investing.

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我应该凭良心投资吗?

本文根据投资者对某些商业领域的道德观点，讨论了投资者有道德理由避免投资这些领域的观点。有些人将其称为“良心投资”，这是社会责任投资(SRI)运动中道德投资概念的核心部分。本文介绍了为这种投资辩护的人给出的主要论点，并从道德哲学的角度讨论了这些论点的合理性。本文认为，关注个人投资者的道德观点并不是很有成效——有充分的理由认为，投资者没有“凭良心”进行投资的道德理由，或者，在允许这种理由的情况下，与与道德投资有关的其他类型的道德理由相比，他们的道德理由非常薄弱。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Business Ethics-A European Review Multiple-

CiteScore

5.90

自引率

0.00%

发文量

期刊介绍： -To offer rigorous and informed analysis of ethical issues and perspectives relevant to organizations and their relationships with society -To promote scholarly research and advance knowledge in relation to business ethics and corporate social responsibility and social entrepreneurship by providing cutting edge theoretical and empirical analysis of salient issues and developments -To be responsive to changing concerns and emerging issues in the business ethics and business and society sphere, and to seek to reflect these in the balance of contributions -To be the publication outlet of choice for all types of original research relating to business ethics and business-society relationships. Original articles are welcomed. Each issue will normally contain several major articles, and there will be an occasional FOCUS section which will contain articles on an issue of particular importance and topicality. Other regular features will include editorial interviews, book reviews, comments and responses to published articles, research notes and case studies. Business Ethics: A European Review is well established as an academic research journal which is at the same time readable, user-friendly and authoritative. It publishes both fully refereed scholarly papers and special contributions such as speeches and reviews. The range of contributions reflects the variety and scope of ethical issues faced by business and other organisations world-wide, and at the same time seeks to address the interests and concerns of the journals readership.