|Title:||Understanding financial intermediaries’ hesitation about socially responsible investing|
|Authors :||Risi, David|
|Published in :||Academy of Management Proceedings|
|Conference details:||2017 Annual Meeting of the Academy of Management, Atlanta, United States, 4-8 August 2017|
|Publisher / Ed. Institution :||Academy of Management|
|License (according to publishing contract) :||Licence according to publishing contract|
|Type of review:||Peer review (abstract)|
|Subjects :||Bank; Institutional logic; Insurance firm; Socially responsible investing|
|Subject (DDC) :||170: Ethics |
|Abstract:||Despite a strong demand for Socially Responsible Investing (SRI) and scientific evidence that responsible investing can outperform conventional investments, financial intermediaries are hesitant about SRI. Through an institutional logics lens, this research inductively investigates what hinders the adoption of SRI within intermediaries. Based on interviews with representatives from Swiss banks and insurance firms, the comparative study shows that while short-term orientation tends to complicate SRI, long-termism generally furthers SRI. The findings contribute to the SRI and the institutional logics literature: First, time helps to understand differences in SRI adoption and gives new insights into the feasibility of SRI. Second, the research explains how time shapes the conflict between different institutional logics within organizations.|
|Departement:||School of Management and Law|
|Publication type:||Conference paper|
|Appears in Collections:||Publikationen School of Management and Law|
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