Research

Morals, money, ethical investing and economic psychology


Reference:

Lewis, A. and Mackenzie, C., 2000. Morals, money, ethical investing and economic psychology. Human Relations, 53 (2), pp. 179-191.

Related documents:

This repository does not currently have the full-text of this item.
You may be able to access a copy if URLs are provided below.

Official URL:

http://hum.sagepub.com/cgi/content/abstract/53/2/179

Abstract

This paper reports on a questionnaire survey of 1146 ethical investors in the UK. Ethical investing usually means that certain companies are excluded from one's portfolio on non-economic grounds, e.g. because they manufacture armaments, test chemicals on live animals, or have poor pollution records. Is this an example where moral commitment rather than economics is driving economic decision making? Ethical investors were found to be neither cranks nor saints holding both ethical and not so ethical investments at the same time. A case is made that people are prepared to put their money where their morals are although there is no straightforward trade-off between principles and money. A broader analysis than that based on rational economic man is recommended: an economic psychology.

Details

Item Type Articles
CreatorsLewis, A.and Mackenzie, C.
DepartmentsFaculty of Humanities & Social Sciences > Psychology
RefereedYes
StatusPublished
ID Code9678

Export

Actions (login required)

View Item