Can the UK experience provide lessons for the evolution of SRI in Japan?

Aris Solomon, Jill Solomon*, Megumi Suto

*この研究の対応する著者

    研究成果: Article査読

    52 被引用数 (Scopus)

    抄録

    In this paper we review the growth of socially responsible investment (SRI) in the UK and in Japan. We consider the various factors which have given rise to the growth of SRI in both countries. As SRI is currently more mature in the UK than in Japan, we consider ways in which the UK experience may provide some lessons for the growth of SRI in Japan. Significantly, we consider that the use of corporate governance mechanisms such as engagement and dialogue by large shareholders, to solve social, ethical and environmental (SEE) problems in companies, is a realistic route for the development of SRI in Japan. However, these mechanisms need to be designed so that they may operate more efficiently. Pension funds and other investment institutions need to appreciate the value of engagement over screening as an SRI strategy. Further, the disclosure of SRI strategies by pension funds in Japan may contribute to enhancing consciousness about the responsibility of shareholders for the SEE outcomes of corporate activities that they invest in indirectly. We acknowledge, however, that this suggestion may be difficult to implement in the near future.

    本文言語English
    ページ(範囲)552-566
    ページ数15
    ジャーナルCorporate Governance
    12
    4
    出版ステータスPublished - 2004 10月

    ASJC Scopus subject areas

    • 技術マネージメントおよび技術革新管理
    • 戦略と経営
    • ビジネス、管理および会計(全般)

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