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Socially Responsible Investment

A Multi-Criteria Decision Making Approach

  • Enrique Ballestero
  • Blanca Pérez-Gladish
  • Ana Garcia-Bernabeu

Part of the International Series in Operations Research & Management Science book series (ISOR, volume 219)

Table of contents

  1. Front Matter
    Pages i-xviii
  2. Critical Issues in Ethical Investment

    1. Front Matter
      Pages 1-1
    2. Enrique Ballestero, Blanca Pérez-Gladish, Ana Garcia-Bernabeu
      Pages 3-22
    3. Paz Méndez-Rodrı́guez, Laura Galguera, Mila Bravo, Karen Benson, Robert Faff, Blanca Pérez-Gladish
      Pages 23-52
    4. Hajer Tebini, Bouchra M’Zali, Pascal Lang, Paz Méndez-Rodrı́guez
      Pages 53-73
    5. Mila Bravo, Ana B. Ruiz, David Pla-Santamaria, Paz Méndez-Rodrı́guez
      Pages 75-108
  3. Goal Programming and SRI Funds

    1. Front Matter
      Pages 109-109
    2. Enrique Ballestero, Ana Garcia-Bernabeu, Adolfo Hilario
      Pages 111-129
    3. Enrique Ballestero, Ana Garcia-Bernabeu
      Pages 131-141
    4. Enrique Ballestero, Ana Garcia-Bernabeu, David Pla-Santamaria, Mila Bravo
      Pages 143-152
  4. Compromise Programming and SRI Funds

    1. Front Matter
      Pages 153-153
    2. Enrique Ballestero, Ana Garcia-Bernabeu
      Pages 155-175
    3. Enrique Ballestero, David Pla-Santamaria, Ana Garcia-Bernabeu, Adolfo Hilario
      Pages 177-196
    4. Ana Garcia-Bernabeu, Blanca Pérez-Gladish, Adolfo Hilario
      Pages 197-210
    5. Ana Garcia-Bernabeu, Blanca Pérez-Gladish, Adolfo Hilario
      Pages 211-224
  5. Other Decision-Making Support Methods

    1. Front Matter
      Pages 225-225
    2. Ana B. Ruiz, Bouchra M’Zali, Paz Méndez-Rodrı́guez
      Pages 227-262
    3. Paz Méndez-Rodrı́guez, Blanca Pérez-Gladish, José Manuel Cabello, Francisco Ruiz
      Pages 263-282

About this book

Introduction

This book integrates socially responsible investment into modern portfolio theory from a multi-criteria perspective. Socially responsible investment is a “new deal” championed by the institutional investment and bank sectors, agents that influence mutual funds and other collective investment schemes and which fear that financial strategies without ethical constraints can harm sustainable growth and prosperity. The book shows how to combine financial criteria such as profitability and risk with non-financial criteria such as the protection of the ecosystem, responsible consumption of energy, and healthcare campaigns. The book’s first part presents critical issues in ethical investment, while the second explains in detail the application of goal programming techniques for SRI funds, illustrating their use in actual cases. Part three demonstrates how compromise programming can be applied in the contexts of portfolio selection and risk management. Finally, in its fourth part the book examines the application of other decision-making support methods like the Analytic Hierarchy Process (AHP) framework, the Reference Point Method, and soft computing techniques for portfolio selection.

Keywords

Compromise Programming Decision Making Ethical Constraints Goal Programming MCDM Normative Portfolio Management Portfolio Theory Responsible Investment

Editors and affiliations

  • Enrique Ballestero
    • 1
  • Blanca Pérez-Gladish
    • 2
  • Ana Garcia-Bernabeu
    • 3
  1. 1.Department of Economics and Social SciencesUniversitat Politècnica de ValènciaAlcoySpain
  2. 2.Department of Quantitative EconomicsUniversity of OviedoOviedoSpain
  3. 3.Department of Economics and Social SciencesUniversitat Politècnica de ValènciaAlcoySpain

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-11836-9
  • Copyright Information Springer International Publishing Switzerland 2015
  • Publisher Name Springer, Cham
  • eBook Packages Business and Economics
  • Print ISBN 978-3-319-11835-2
  • Online ISBN 978-3-319-11836-9
  • Series Print ISSN 0884-8289
  • Series Online ISSN 2214-7934
  • Buy this book on publisher's site
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