Responsible Investment and the Claim of Corporate Change: A Sensemaking Perspective on How Institutional Investors May Drive Corporate Social Responsibility ... SCHOOL Schloß Reichartshausen Book 79)

An increasing number of financial institutions have started to subscribe to Corporate Social Responsibility (CSR) in their investment decisions and use their funds to promote responsible corporate behavior. The financial crisis and the widespread lack of trust in the private sector have added further momentum to this quest for social legitimacy. Elisa M. Zarbafi analyzes the role of financial stakeholders as a potential driver of CSR. She focuses her theoretical analysis on socio-psychological drivers such as mental models, cause maps, values, and expectations to understand the complex nature of responsible investment and to identify the critical underlying processes that allow institutional investors to have an impact on the social responsibility of their portfolio companies. Front Matter....Pages I-XVIII Introduction....Pages 1-24 Responsible Investment and the Claim of Corporate Change....Pages 25-54 Towards a Process Model of Responsible Investment....Pages 55-101 Making Sense of Responsible Investment as A Driver of Corporate Social Responsibility....Pages 103-219 Implications for Practitioners and Researchers....Pages 221-232 Concluding Remarks....Pages 233-238 Back Matter....Pages 239-281 Annotation Elisa M. Zarbafi analyzes the role of financial stakeholders as a potential driver of Corporate Social Responsibility (CSR) and focuses her theoretical analysis on socio-psychological drivers to understand the complex nature of responsible investment