The DOI matches its Crossref record.
Morals, money, ethical investing and economic psychology
Abstract
This paper reports on a questionnaire survey of 1146 ethical investors in the UK. Ethical investing usually means that certain companies are excluded from one's portfolio on non-economic grounds, e.g. because they manufacture armaments, test chemicals on live animals, or have poor pollution records. Is this an example where moral commitment rather than economics is driving economic decision making? Ethical investors were found to be neither cranks nor saints holding both ethical and not so ethical investments at the same time. A case is made that people are prepared to put their money where their morals are although there is no straightforward trade-off between principles and money. A broader analysis than that based on rational economic man is recommended: an economic psychology.
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Citations
Cited by
Sparkes, R., & Cowton, C. J. (2004) · Journal of Business Ethics · doi:10.1023/b:busi.0000033106.43260.99 · Cited by 757
Daugaard, D. (2020) · Accounting & Finance · doi:10.1111/acfi.12479 · Cited by 336
Ethical Investment Processes and Outcomes
Michelson, G., Wailes, N., Van Der Laan, S., & Frost, G. (2004) · Journal of Business Ethics · doi:10.1023/b:busi.0000033103.12560.be · Cited by 276
Doing well by doing good: a systematic review and research agenda for sustainable investment
Talan, G., & Sharma, G. D. (2019) · Sustainability · doi:10.3390/su11020353 · Cited by 192
Metadata
- Authors
- Lewis, A., & Mackenzie, C.
- Venue
- Human Relations
- Publisher
- SAGE Publications
- Published
- 2000-02-01
- Volume
- 53
- Issue
- 2
- Pages
- 179-191
- ISSN
- 0018-7267 (ISSN-L)
- 1741-282X
- OpenAlex
- W2101007611
- Cited by
- 225
- References
- 0
- FWCI
- 2.64
- Type
- journal article
- Language
- en
- Open access
- closed
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Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
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How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
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- CoChat. (2026). Citation check: Morals, money, ethical investing and economic psychology. https://app.cochat.ai/papers/10.1177/a010699
- The paper
- Lewis, A., & Mackenzie, C. (2000). Morals, money, ethical investing and economic psychology. Human Relations. https://doi.org/10.1177/a010699
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
