Pension fund politics : the dangers of socially responsible investing
Author(s)
Bibliographic Information
Pension fund politics : the dangers of socially responsible investing
AEI Press, c2005
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Note
Includes bibliographical references and index
Contents of Works
- The politicization of public investments / Jon Entine
- Social investing : pension plans should just say "no" / Alicia H. Munnell and Annika Sundén
- Why social investing threatens public pension funds, charitable trusts, and the Social Security trust fund / Charles E. Rounds, Jr.
- The strategic use of socially responsible investing / Jarol B. Manheim
Description and Table of Contents
Description
"Socially responsible" investing (SRI), which incorporates nonfinancial social and ethical criteria into investment decisions, has attracted significant attention in recent years and sparked interest among some institutional investors, public pension funds, and Social Security reform advocates, particularly in the wake of recent corporate scandals. In "Pension Fund Politics," experts from relevant fields examine this trend and conclude that it is a serious threat to fiduciary independence and responsibilities. The authors support their argument with a blistering deconstruction of the myths that underlie mainstream social investing philosophy. They argue that SRI tends to promote ambiguous, trendy, and controversial policy options that are not always progressive and frequently hurt the stakeholders - particularly the environment and the economically disadvantaged - they are supposedly designed to help.
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