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Morals, money, ethical investing and economic psychology

Bibliographic Data

ID9891141
AuthorsAlan Lewis (0000-0002-6527-4892, Bath University Centre for Economic Psychology, UK, corresponding author), Craig Mackenzie (0000-0001-8723-7550, University of Bath)
Year2000
Volume53
Issue2
Pages179-191
Publication date2000-02-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueHuman Relations (JOURNAL)
Journal identifiersISSN: 0018-7267 • E-ISSN: 1741-282X
PublisherSAGE Publications (PUBLISHER • US)
DOI10.1177/a010699
OpenAlexW2101007611
LanguageEN
Citations received14
References cited3

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

Economics · Engineering ethics · Ethical issues · Portfolio · Positive economics · Decision-Making and Behavioral Economics · Finance · Financial Literacy, Pension, Retirement Analysis · Leadership, Behavior, and Decision-Making Studies

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  • The ethical investor

    Open Access•Paul Anand, Christopher J Cowton•Journal of Economic Psychology•1993

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Unique citing works14
Citations per year0,64
Citation span2004 - 2026 (23)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 14

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