The potential that ethical finance has to generate new investment alternatives in Colombia
This article examines the need for and the opportunity of developing ethical finance initiatives, specifically ethical banks and ethical investment funds, as alternatives to strengthen development in Colombia. The validity of such alternatives La is justified through the empirical verification of ec...
- Autores:
- Tipo de recurso:
- Fecha de publicación:
- 2008
- Institución:
- Universidad Tecnológica de Bolívar
- Repositorio:
- Repositorio Institucional UTB
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.utb.edu.co:20.500.12585/9130
- Acceso en línea:
- https://hdl.handle.net/20.500.12585/9130
- Palabra clave:
- Ethical banking
Ethical finance
Investment
Investment funds
Savings
Social responsibility
- Rights
- restrictedAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/
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The potential that ethical finance has to generate new investment alternatives in Colombia |
| dc.title.alternative.none.fl_str_mv |
Potencial de las finanzas éticas en la generación de nuevas alternativas de inversión en Colombia |
| title |
The potential that ethical finance has to generate new investment alternatives in Colombia |
| spellingShingle |
The potential that ethical finance has to generate new investment alternatives in Colombia Ethical banking Ethical finance Investment Investment funds Savings Social responsibility |
| title_short |
The potential that ethical finance has to generate new investment alternatives in Colombia |
| title_full |
The potential that ethical finance has to generate new investment alternatives in Colombia |
| title_fullStr |
The potential that ethical finance has to generate new investment alternatives in Colombia |
| title_full_unstemmed |
The potential that ethical finance has to generate new investment alternatives in Colombia |
| title_sort |
The potential that ethical finance has to generate new investment alternatives in Colombia |
| dc.subject.keywords.none.fl_str_mv |
Ethical banking Ethical finance Investment Investment funds Savings Social responsibility |
| topic |
Ethical banking Ethical finance Investment Investment funds Savings Social responsibility |
| description |
This article examines the need for and the opportunity of developing ethical finance initiatives, specifically ethical banks and ethical investment funds, as alternatives to strengthen development in Colombia. The validity of such alternatives La is justified through the empirical verification of economic inequality, the limited depth of the traditional financial system, the lack of appropriate investment alternatives to the socioeconomic structure in this country, and the interest of the persons who will potentially acquire the proposed services. The last aspect is based on an analysis of the information obtained from a survey made in Bogotá to 350 persons. The proposals are justified by the available evidence regarding the limitations that the Colombian financial system has and the interest of the potential users of ethical finance initiatives. Likewise, this article proposes an in-depth study of the real possibilities and expected impacts of the proponed initiatives and the effective de involvement of interested social and economic stakeholders. Finally, it suggests several reflections for development in an immediate future to take into account the elements that are relevant to the Colombian context. |
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2008 |
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2008 |
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2020-03-26T16:33:01Z |
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2020-03-26T16:33:01Z |
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http://purl.org/coar/version/c_970fb48d4fbd8a85 |
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Cuadernos de Administracion; Vol. 21, Núm. 36; pp. 183-220 |
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0120-3592 |
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https://hdl.handle.net/20.500.12585/9130 |
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Universidad Tecnológica de Bolívar |
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Repositorio UTB |
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57203766906 6504042192 |
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Cuadernos de Administracion; Vol. 21, Núm. 36; pp. 183-220 0120-3592 Universidad Tecnológica de Bolívar Repositorio UTB 57203766906 6504042192 |
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https://hdl.handle.net/20.500.12585/9130 |
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eng |
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2020-03-26T16:33:01Z2020-03-26T16:33:01Z2008Cuadernos de Administracion; Vol. 21, Núm. 36; pp. 183-2200120-3592https://hdl.handle.net/20.500.12585/9130Universidad Tecnológica de BolívarRepositorio UTB572037669066504042192This article examines the need for and the opportunity of developing ethical finance initiatives, specifically ethical banks and ethical investment funds, as alternatives to strengthen development in Colombia. The validity of such alternatives La is justified through the empirical verification of economic inequality, the limited depth of the traditional financial system, the lack of appropriate investment alternatives to the socioeconomic structure in this country, and the interest of the persons who will potentially acquire the proposed services. The last aspect is based on an analysis of the information obtained from a survey made in Bogotá to 350 persons. The proposals are justified by the available evidence regarding the limitations that the Colombian financial system has and the interest of the potential users of ethical finance initiatives. Likewise, this article proposes an in-depth study of the real possibilities and expected impacts of the proponed initiatives and the effective de involvement of interested social and economic stakeholders. Finally, it suggests several reflections for development in an immediate future to take into account the elements that are relevant to the Colombian context.Recurso electrónicoapplication/pdfenghttp://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/restrictedAccessAtribución-NoComercial 4.0 Internacionalhttp://purl.org/coar/access_right/c_16echttps://www.scopus.com/inward/record.uri?eid=2-s2.0-77149161774&partnerID=40&md5=a9a8bdac2336998a90b496ed507b9470The potential that ethical finance has to generate new investment alternatives in ColombiaPotencial de las finanzas éticas en la generación de nuevas alternativas de inversión en Colombiainfo:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtículohttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_2df8fbb1Ethical bankingEthical financeInvestmentInvestment fundsSavingsSocial responsibilitySierra González J.H.Londoño Bedoya D.A.Reporte De Bancarización a Julio De (2006), Asobancaria (2006), Vicepresidencia Económica - Dirección de Estudios y Regulación Financiera CIFIN, BogotáBecchetti, L., La Felicità Sotenibile - Economia Della Responsabilità Sociale (2005), Donzelli Editore, Roma, ItaliaBecchetti, L., Ciciretti, R., Corporate social responsibility and stock market performance (2006), 27 (79)Becchetti, L., di Giacomo, S., Pinnacchio, D., (2005) Corporate Social Responsibility and Corporate Performance: Evidence From a Panel of Us Listed Companies, , Paper presented at the XIII Tor Vergata Financial ConferenceBecchetti, L., Finanza Etica, Commercio Equo E Solidale - La Revoluzione Silenziosa Della Responsabilità Sociale (2003), Donzelli Editore, Roma, ItaliaBeck, T., Demirguc-Kunt, A., Levine, R., (2004) Finance, Inequality and Poverty: Cross-country Evidence, p. 10979. , NBER Working Paper N oBeck, T., Levine, R., Loayza, N., (1999) Finance and The Sources of Growth, , Mimeo, junioBello, Z.Y., Socially responsible investing and portfolio diversification (2005) The Journal of Financial Research, 23 (1)Carbó, S., Rodríguez, F.F., The Finance- Growth Nexus. A Regional Perspectiva (2004) European Urban and Regional Studies, 11 (4), pp. 339-354Dehejia, R., Lleras-Muney, A., Why Does Financial Development Matter? The United States from 1900 to 1940 (2003) Nber Working Paper N°, p. 9551Dempsey, M., Ethical finance: An agenda for consolidation or for radical change? (2000) Critical Perspectives On Accounting, p. 11Donaldson, T., Preston, L., The stakeholder theory of the corporation: Concepts, evidence, and implications (1995) Academy of Management Review, p. 20Echeverry, J.C., Fonseca, A., El Impacto Social Del Sector Bancario En Colombia: 1993-2002 (2006), Documento CEDE 2006-22, Universidad de Los Andes, BogotáFreeman, R.E., (1984) Strategic Management: A Stakeholder Perspective, , Englewood Cliffs, NJ, Prentice HallGoldreyer, E., Ahmed, P., Diltz, J., The performance of socially responsible mutual funds: Incorporating sociopolitical information in portfolio selection (1999) Managerial Finance, p. 25Guiso, L., Sapienza, P., Zingales, L., (2003) Does Local Financial Development Matter?, , MimeoHamilton, S., Jo, H., Statman, M., Doing well while doing good? The investment performance of socially responsible mutual funds (1993) Financial Analysts Journal, p. 42Ibáñez, J.W., Responsabilidad Social De Las Empresas Y Finanzas Sociales (2004), En Ibáñez, J. W. (Ed.) Responsabilidad social de la empresa y finanzas sociales, Universidad Internacional de Andalucía & Ediciones AKAL, MadridJones, T., Instrumental stakeholder theory: A synthesis of ethics and economics (1995) Academy of Management Review, p. 20Kaplan, R.S., Norton, D.R., (2000) Having Trouble With Your Strategy?, , Then map it. Harvard Business Review (Oct.)Kaplan, R.S., Medir La Disposición Estratégica De Los Activos Intangibles (2004), Harvard Business Review (Feb.)King, R., Levine, R., Finance and Growth: Schumpeter Might Be Right (1993) The Quarterly Journal of Economics, 108 (3), pp. 717-737Levine, R., Financial Development and Economic Growth: Views and Agenda (1997) Journal of Economic Literature, 35 (2), pp. 688-726Maldonado, J.H., González-Vega, C., Romero, V., (2003) The Influence of Microfinance On the Education Decisions of Rural Households: Evidence From Bolivia, , paper prepared for the Annual Meeting of the American Economic Association, Montreal, Canada, julio 27-30, 2003, mimeoMcWilliams, A., Wright, D., Siegel, Y.P., (2005) Corporate Social Responsibility: Strategic Implications, , Rensselaer Working Papers in Economics (0506), NYMerton, R.C., Bodie, Z., (1995) A Conceptual Framework For Analyzing the Financial Environment, , papers.ssrn.comOcampo, J.A., Nuevas Tendencias Del Concepto De Lo Público Y Lo Privado Y Su Impacto En Las Empresas De Servicios Públicos (2005), Ponencia presentada en el ""VII Congreso de Servicios Públicos Domiciliarios: Hacia la Responsabilidad Social Empresarial"", Andesco, Medellín, agostoPartal, A., Ibáñez, J.W., Productos De Ingeniería Financiera Para La Cooperación Internacional (2004), en Ibáñez, J. W. (Ed.) Responsabilidad social de la empresa y finanzas sociales, Universidad Internacional de Andalucía & Ediciones AKAL, MadridRajan, R., Zingales, L., Financial Dependence and Growth (1998) The American Economic Review, 88 (3), pp. 559-586Rodríguez, J.M., La Responsabilidad Social De La Empresa: Algunos Fundamentos Económicos (2004), Ponencia presentada en la XII Conferencia Anual de Ética, Economía y Dirección, Úbeda (Jaén), junio. MimeoSauer, D.A., The impact of social-responsibility screens on investment performance: Evidence from the Domini 400 Social Index and Domini Equity Mutual Fund (1997) Review of Financial Economics, p. 6Sen, A., (1999) Development As Freedom, , Knopf, N.Y., USASierra, J., La Responsabilidad Social De Las Empresas: ¿piedra Angular O Piedra En El Zapato De La Relación Empresa-sociedad? (2006), L. Becchetti y L. Paganetto, La revolución silenciosa de la responsabilidad social. Finanzas Éticas y Comercio justo, traducido del italiano por J. H. Sierra. forthcomingSierra, J., (2007) The Social Responsibility of Public Utilities: What Links With Society and The State?, p. 2006. , ponencia presentada en el IV Simposio Europeo dei Docenti Universitari ""Impresa e costruzione di un nuovo umanesimo"", Università Cattolica del Sacro Cuore, Roma, JunioStatman, M., Socially responsible mutual funds (2000) Financial Analysts Journal, p. 56UNDP (varios años). Human Development Report, New YorkBancolombia, V., Perspectivas Nacionales E Internacionales (2007), Presentado en el Simposio 2007: Alternativas de inversion, BogotáYunus, M., (1999) Banker to The Poor: Microlending and The Battle Against World Poverty, , Perseus Publishing, USAhttp://purl.org/coar/resource_type/c_6501THUMBNAILMiniProdInv.pngMiniProdInv.pngimage/png23941https://repositorio.utb.edu.co/bitstream/20.500.12585/9130/1/MiniProdInv.png0cb0f101a8d16897fb46fc914d3d7043MD5120.500.12585/9130oai:repositorio.utb.edu.co:20.500.12585/91302021-02-02 15:19:25.138Repositorio Institucional UTBrepositorioutb@utb.edu.co |