Summary:
There is an intimate connection between socially responsible investment (SRI) and corporate social responsibility (CSR): faced with the demands of their investors, listed companies have started to adopt CSR strategies to comply with the demands of ethical fund managers and ethical index managers. This paper is an exploratory study of the obstacles to SRI among individual investors in Spain. Individuals and financial consultants were surveyed about their current investment strategies, their preferences as regards criteria and ethical strategies, and the perceived obstacles for the development of SRI. The findings unveil the factors leading to the limited development of the SRI Spanish retail market. The paper offers guidelines that can be used by Spanish financial consultants and foreign fund managers when approaching the Spanish market.
Keywords: socially responsible investment; ethical funds; Spain; empirical
JCR Impact Factor and WoS quartile: 8,300 - Q1 (2023)
DOI reference:
https://doi.org/10.1002/csr.172
Published on paper: February 2009.
Published on-line: January 2008.
Citation:
C. Valor, M. de la Cuesta, B. Fernández, Understanding demand for retail socially responsible investments: a survey of individual investors and financial consultants. Corporate Social Responsibility and Environmental Management. Vol. 16, nº. 1, pp. 1 - 14, February 2009. [Online: January 2008]
