PT  - JOURNAL ARTICLE
AU  - Meir Statman
TI  - The Religions of Social Responsibility
AID  - 10.3905/joi.2005.580542
DP  - 2005 Aug 31
TA  - The Journal of Investing
PG  - 14--21
VI  - 14
IP  - 3
4099  - https://pm-research.com/content/14/3/14.short
4100  - https://pm-research.com/content/14/3/14.full
AB  - Investors who follow different tenets of social responsibility and choose different socially responsible mutual funds might be described as members of different religious denominations. Some social responsibility “religions” have a single tenet, such as protection of the environment. Others combine several, such as avoidance of tobacco, alcohol, and weapons-making. A framework of the economics of religion can help us answer questions such as why some mutual funds attract many investors while others attract few; the differences between strategies that are effective at attracting individual versus institutional investors to SRI; and whether government regulations aimed at fostering SRI are likely to accomplish their aim.