scholarly journals Are People Altruistic When Making Socially Responsible Investments? Evidence From a tDCS Study

2021 ◽  
Vol 15 ◽  
Author(s):  
Xiaolan Yang ◽  
Wenting Meng ◽  
Shu Chen ◽  
Mei Gao ◽  
Jian Zhang
Keyword(s):  
Decision Making ◽  
Socially Responsible ◽  
Responsible Investment ◽  
Temporoparietal Junction ◽  
Charitable Donations ◽  
Anodal Stimulation ◽  
Socially Responsible Investments ◽  
The Right ◽  
Cathodal Stimulation

Socially responsible investment (SRI) is an emerging philosophy that integrates social and environmental impacts into investment considerations, and it has gradually developed into an important form of investment. Previous studies have shown that both financial and non-financial motivations account for SRI behaviors, but it is unclear whether the non-financial motive to adopt SRI derives from investors’ altruism. This study uses neuroscientific techniques to explore the role of altruism in SRI decision-making. Given that existing evidence has supported the involvement of the right temporoparietal junction (rTPJ) in altruism and altruistic behaviors, we used transcranial direct current stimulation (tDCS) to temporarily modulate activity in the rTPJ and tested its effect on charitable donations and SRI behaviors. We found that anodal stimulation increased the subjects’ donations, while cathodal stimulation decreased them, suggesting that tDCS changed the subjects’ levels of altruism. More importantly, anodal stimulation enhanced the subjects’ willingness to make SRIs, while cathodal stimulation did not have a significant impact. These findings indicate that altruism plays an important role in SRI decision-making. Furthermore, cathodal stimulation changed the subjects’ perceived effectiveness of charitable donation but not that of socially responsible fund. This result may help explain the inconsistent effects of cathodal stimulation on charitable donations and SRI behaviors. The main contribution of our study lies in its pioneering application of tDCS to conduct research on SRI behaviors and provision of neuroscientific evidence regarding the role of altruism in SRI decision-making.

A Study on How Investors Decide on Socially Responsible Investments: Classification of Investment Behavior According to Companies’ Environmental Activities

2014 ◽  
Vol 8 (5) ◽  
pp. 677-687
Author(s):  
Nariaki Nishino ◽  
◽  
Kaoru Kihara ◽  
Kenju Akai ◽  
Tomonori Honda ◽  
...  
Keyword(s):  
Decision Making ◽  
Prospect Theory ◽  
Investment Decision ◽  
Sustainable Production ◽  
Socially Responsible ◽  
Responsible Investment ◽  
Investment Decision Making ◽  
Socially Responsible Investments ◽  
People’S Attitudes

Environmental problems must be solved urgently, and sustainable production activities are desired. This study focuses on environmental finance, which is a method of promoting sustainable corporation activities. Environmental finance allows socially responsible investment to directly contribute to corporate activities and sustainable production activities. To clarify the mechanism of eco-friendly investment decision making, 4,843 respondents took a questionnaire survey on investment decision making, based on the framework of prospect theory. The results showed that prospect theory did not always work for environment issues and that people’s attitudes when they decide on eco-friendly investments could be classified to four clusters.

scholarly journals Socially responsible investments

2021 ◽  
pp. 91-106
Author(s):  
Marzena Remlein
Keyword(s):  
Decision Making ◽  
Investment Strategy ◽  
The Other ◽  
Financial Resources ◽  
Socially Responsible ◽  
Responsible Investing ◽  
Socially Responsible Investments ◽  
The World ◽  
Sustainable Investment ◽  
The Right

Socially responsible investing (SRI) is a decision making process concerning the allocation of free financial resources, where the investor aims at maximization of profit and minimization of risk on one part, and includes the socio-ethical and environmental-ecological considerations on the other. We can find four types of motives, describing them as mobilizing forces to undertake SRI. These are psychological and social, legal, economic and strategic, financial. Investors invest their funds in such investments by choosing the right investment strategy for them. We can find many different classifications relating to strategies and actions within the framework of SRI. The most important classifications of the SRI strategy were prepared by Global Sustainable Investment Review and Eurosif. These two organizations prepare also reports on SRI in the world and in Europe. The European market has the largest share in the global SRI market but the most dynamically developing market is Japan.

scholarly journals Inertia and discounting in the selection of socially responsible investments

2016 ◽  
Vol 2 (1) ◽  
pp. 29-47 ◽  
Author(s):  
Pat Auger ◽  
Timothy Devinney ◽  
Grahame Dowling ◽  
Christine Eckert
Keyword(s):  
Decision Making ◽  
Experimental Approach ◽  
Socially Responsible ◽  
Content Type ◽  
Responsible Investment ◽  
Individual Level ◽  
Risk Return ◽  
Socially Responsible Investments ◽  
Developed World ◽  
Selection Of

Purpose Socially responsible investment (SRI) funds have grown dramatically as an investment alternative in most of the developed world. The paper aims to discuss this issue. Design/methodology/approach This study uses a structured experimental approach to determine if the decision-making process of investors to invest in SRIs is consistent with the process used for conventional investments. The theoretical framework draws on two widely studied concepts in the decision making and investment literature, namely, inertia and discounting. Findings The authors find that inertia plays a significant role in the selection of SRI funds and that investors systemically discount the value of SRIs. Research limitations/implications The results suggest that SRIs need to be designed to cater to the risk/return profiles of investors and that these investors need to be better informed about the performance of SRIs vs conventional investments to reduce their systematic discounting. Originality/value Unique experimental approach applied to investment alternatives in a manner that captures individual level variation.

scholarly journals The role of the right temporo-parietal junction in social decision-making

2018 ◽  
Vol 39 (7) ◽  
pp. 3072-3085 ◽  
Author(s):  
Florian Bitsch ◽  
Philipp Berger ◽  
Arne Nagels ◽  
Irina Falkenberg ◽  
Benjamin Straube
Keyword(s):  
Decision Making ◽  
Social Decision ◽  
The Right ◽  
Social Decision Making

Co-Creation and social transformation: a tough issue for research

2020 ◽  
pp. 189-206
Author(s):  
Jim Segers
Keyword(s):  
Decision Making ◽  
Civil Society ◽  
Creative Process ◽  
Social Transformation ◽  
Direct Action ◽  
Transformation Process ◽  
Research Institutions ◽  
Research Methodologies ◽  
The Right

This chapter looks at social transformation through the lens of ‘tough issues’. The perspective makes the vast challenges communities are faced with more practical, which in turns allows for progress in the right direction through small wins. Many citizen and community organisations with a background in environmental, peace and third world movements have roots in direct action. Over recent decades, they have been moving from opposing developments to proposing alternatives. We use the words of de Certeau (1984) to describe it as a shift from ‘résistance’ to ‘bricolage’. This shift has brought them closer to more institutionalised partners like government, business, civil society and research institutions. While this rapprochement has proven beneficial to each party involved – research methodologies such as Co-Creation prove that notions like horizontal decision-making, anti-authoritarianism and self-organisation are no longer the preoccupation of informal actors solely – the different stakeholders have not become interchangeable. The chapter argues for the role of a third actor in a social transformation process. This actor is not a stakeholder itself, but through a creative process (“prototyping” in the case of City Mine(d), arts creation in others) becomes tactically linked to the important stakeholders.

scholarly journals High-definition tDCS to the right temporoparietal junction modulates slow-wave resting state power and coherence in healthy adults

2019 ◽  
Vol 122 (4) ◽  
pp. 1735-1744 ◽  
Author(s):  
Peter H. Donaldson ◽  
Melissa Kirkovski ◽  
Joel S. Yang ◽  
Soukayna Bekkali ◽  
Peter G. Enticott
Keyword(s):  
Direct Current ◽  
Transcranial Direct Current Stimulation ◽  
Resting State ◽  
Oscillatory Activity ◽  
High Definition ◽  
Temporoparietal Junction ◽  
Eyes Open ◽  
Right Temporoparietal Junction ◽  
The Right ◽  
Cathodal Stimulation

The right temporoparietal junction (rTPJ) is a multisensory integration hub that is increasingly utilized as a target of stimulation studies exploring its rich functional network roles and potential clinical applications. While transcranial direct current stimulation (tDCS) is frequently employed in such studies, there is still relatively little known regarding its local and network neurophysiological effects, particularly at important nonmotor sites such as the rTPJ. The current study applied either anodal, cathodal, or sham high-definition tDCS to the rTPJ of 53 healthy participants and used offline EEG to assess the impacts of stimulation on resting state (eyes open and eyes closed) band power and coherence. Temporoparietal and central region delta power was increased after anodal stimulation (the latter trend only), whereas cathodal stimulation increased frontal region delta and theta power. Increased coherence between right and left temporoparietal regions was also observed after anodal stimulation. All significant effects occurred in the eyes open condition. These findings are discussed with reference to domain general and mechanistic theories of rTPJ function. Low-frequency oscillatory activity may exert long-range inhibitory network influences that enable switching between and integration of endogenous/exogenous processing streams. NEW & NOTEWORTHY Through the novel use of high-definition transcranial direct current stimulation (tDCS) and EEG, we provide evidence that both anodal and cathodal stimulation of the right temporoparietal junction selectively modulate slow-wave power and coherence in distributed network regions of known relevance to proposed temporoparietal junction functionality. These results also provide direct evidence of the ability of tDCS to modulate oscillatory activity at a long-range network level, which may have explanatory power in terms of both neurophysiological and behavioral effects.

scholarly journals Orchestrating Governmental Corporate Social Responsibility Interventions through Financial Markets: The Case of French Socially Responsible Investment

2020 ◽  
Vol 30 (3) ◽  
pp. 288-334 ◽  
Author(s):  
Stéphanie Giamporcaro ◽  
Jean-Pascal Gond ◽  
Niamh O’Sullivan
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Markets ◽  
Socially Responsible Investment ◽  
Socially Responsible ◽  
Role Of Government ◽  
Responsible Investment ◽  
Corporate Social ◽  
Private Actors

ABSTRACTAlthough a growing stream of research investigates the role of government in corporate social responsibility (CSR), little is known about how governmental CSR interventions interact in financial markets. This article addresses this gap through a longitudinal study of the socially responsible investment (SRI) market in France. Building on the “CSR and government” and “regulative capitalism” literatures, we identify three modes of governmental CSR intervention—regulatory steering, delegated rowing, and microsteering—and show how they interact through the two mechanisms of layering (the accumulation of interventions) and catalyzing (the alignment of interventions). Our findings: 1) challenge the notion that, in the neoliberal order, governments are confined to steering market actors—leading and guiding their behavior—while private actors are in charge of rowing—providing products and services; 2) show how governmental CSR interventions interact and are orchestrated; and 3) provide evidence that governments can mobilize financial markets to promote CSR.

Socially Responsible Index: International Experiences and China’s Practices

2011 ◽  
Vol 361-363 ◽  
pp. 1740-1744
Author(s):  
Zhao Hui Li ◽  
Jun Feng Li
Keyword(s):  
Social Responsibility ◽  
Triple Bottom Line ◽  
Socially Responsible Investment ◽  
Social Awareness ◽  
Socially Responsible ◽  
Bottom Line ◽  
Responsible Investment ◽  
International Experiences ◽  
International Social

This paper focuses on the compiling and the role of the socially responsible index. Socially responsible investment originated from ethically investing teachings and developed on growing social awareness. Social responsibility indexes are products of the development of social responsibility investment. The Domini 400 Social Index, the Dow Jones Sustainability Indexes and the Calvert Social Index are typical cases of international social responsibility indexes. They are compiled on the base of consistency, flexibility and transparency and their component stocks are selected according to triple bottom line. Compared with international experiences, China’s social responsibility indexes have a shorter history and some problems.

Sign in / Sign up

Export Citation Format

Share Document