|Publication type:||Conference paper|
|Type of review:||Peer review (abstract)|
|Title:||Understanding financial intermediaries’ hesitation about socially responsible investing|
|Published in:||Academy of Management Proceedings|
|Conference details:||2017 Annual Meeting of the Academy of Management, Atlanta, USA, 4-8 August 2017|
|Publisher / Ed. Institution:||Academy of Management|
|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.|
|Fulltext version:||Published version|
|License (according to publishing contract):||Licence according to publishing contract|
|Departement:||School of Management and Law|
|Appears in Collections:||Publikationen School of Management and Law|
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