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Financial Analytics: Science and Experience
 

Socially responsible investing: Theory and methodology of research

Vol. 9, Iss. 15, APRIL 2016

PDF  Article PDF Version

Received: 2 March 2016

Accepted: 23 March 2016

Available online: 27 April 2016

Subject Heading: FINANCIAL INSTRUMENTS

JEL Classification: A13, M14, M29

Pages: 48-60

Savina T.N. Ogarev Mordovian State University, Saransk, Republic of Mordovia, Russian Federation
savinatn@yandex.ru

Importance The article discusses social technologies, namely social and socially responsible investing.
Objectives The paper aims to explore socially responsible investing from a position of theoretical and methodological approach.
Methods Scientific methods of cognition like dialectic, the combination of historical and logical cohesion, structural and functional analysis, the traditional techniques of economic analysis and synthesis, as well as specific methods for evaluation of socially responsible investing are the methodological basis of the research.
Results The paper defines stages of formation and development of socially responsible investing; estimates the major stock indexes; presents types of socially responsible investing, their characteristics, criteria, and methods. The article shows the problems impeding the establishment of this institution in Russia; the main participants of the market of socially responsible investing, and it presents the results of the activities of the funds for socially responsible investment.
Conclusions and Relevance Socially responsible investing seeks to maximize both financial results and social benefits. Institutional imperfections block the development of the domestic market of socially responsible investing. The results of this research can be used to develop social codes of companies, a methodology to identify social investment, social programs, the concept of sustainable development, the doctrine of social security, as well as the rating of socially responsible companies, and prepare training courses on corporate social responsibility.

Keywords: socially responsible investing, stocks, socially responsible mutual funds, Sullivan criteria, method

References:

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