Developing Conceptual Framework of Ethical Investment Studies
Journal Title: Journal of Economics, Finance and Management Studies - Year 2022, Vol 5, Issue 07
Abstract
The study aims to conduct a conceptual review of ethical investment research based on Widyawati (2019). Through the conceptual review method, the research obtained 70 relevant articles. The results of the literature analysis conclude that there is a development of ethical investment studies and in general it is divided into four main themes, namely (i) investor behavior studies, (ii) ethical investment development studies, (iii) ethical investment performance studies and (iv) ethics and religious-based investment studies (stock of sin stocks category). The studies of investor behavior focuses on examining the characteristics of ethical investors such as motivation, investment patterns and the basis for making investment decisions. The studies of ethical investment development emphasizes the description of ethical investment in a particular area, the argumentation of ethical investment theory and the role of participants in the ethical investment market, including ethical investment mechanisms, namely screening and shareholder activism. The studies of ethical investment performance focus on the performance by comparing the return on ethical investment with its benchmark (nonethical investment). Meanwhile the studies of ethical and religious-based investment (stock of sin stocks category) focuses on testing implementation of negative screening of sin stocks, testing the performance of sin stocks and testing the relationship between sin stocks with certain themes.
Authors and Affiliations
Abdulloh Mubarok, Dien Noviany Rahmatika, Budi Susetyo, Teguh B. Raharjo, Novi Mardiani
The Contribution of the 2013 Curriculum and the Independent Curriculum in Improving the Quality of School Exam Results in 2023 and the Quality of Learning Achievement Even Semester in 2023 in Primary Education in the Province of Banten
This study aims to determine the contribution of the 2013 curriculum and the independent curriculum in improving the quality of learning outcomes and student achievement in schools in primary education in Banten Province...
A new trend of investment in Vietnam: Fin-Tech
In recent year, when the 4th industrial revolution explored around the World, digital age has opened a new trend of payment. One of its achievement is using fin-tech to develop bank and finance field. Following that tren...
Determinant Audit Determinant Analysis in Mining Companies on the Indonesia Stock Exchange for the 2015-2020 Period
This study aims to determine the effect of financial distress, audit tenure, and company size on audit delay in mining companies on the Indonesian stock exchange in 2017-2019. The data analysis in this study was in the f...
Foreign Currency Obligations: Indexation Clauses in Case of Depreciation of the Value of the Currency
In the periods of crisis, money obligations become a continuing issue, mainly in currency depreciation or high inflation. Recently, the money obligations have been defined as an obligation to transfer small ownership of...
Factors Influencing Consumer Brand Choice Service Tailoring Shop in Thailand, Focusing on Ermenegildo Zegna, Brioni and Local Brand
The study compares foreign and local brands, focusing on Ermenegildo Zegna, Brioni, and local brands, in order to uncover the elements that impact customers' brand choice decisions in Thailand. The study looked at the el...