社会责任投资的发展趋势和策略研究

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英文篇名：A Research on the Development and Strategies of Socially Responsible Investment 作者：孙美 ; 池祥麟 ; 永田胜也 英文作者：Sun Mei;Chih Hsiang-Lin;Nagata Kastuya; 关键词：社会责任投资 ; 企业社会责任 ; 投资策略 ; 中国证券市场 英文关键词：socially responsible investment;;corporate social responsibility;;investment strategy;;China's securities market 中文刊名：SCDZ 英文刊名：Journal of Sichuan University(Philosophy and Social Science Edition) 机构：四川大学商学院;台北大学;四川大学企业社会责任研究所;早稻田大学; 出版日期：2017-11-20 出版单位：四川大学学报(哲学社会科学版) 年：2017 期：No.213 基金：四川大学海外优秀博士科研资助计划“生态设计数据库开发与生态设计提案”(Skyb201305);; 四川省科学与技术带头人后备人选培养基金“企业社会责任政策对企业环境经营创新的作用机理研究”(2016-183-9) 语种：中文; 页：SCDZ201706014 页数：12 CN：06 ISSN：51-1099/C 分类号：143-154

摘要

社会责任投资内涵不断发展变化,大致可分为三大阶段:伦理投资阶段、社会责任投资阶段和可持续性责任投资阶段。当前全球社会责任投资已经进入可持续性社会责任投资阶段。目前社会责任投资策略多样,但是各种策略的特点、侧重有所不同。在较成熟的社会责任投资证券市场,基于环境、社会和公司治理综合评价的正面评优筛选策略被认为是成熟的社会责任投资策略,其受市场非理性波动的影响较小、抗风险能力强。中国证券市场社会责任投资指数的筛选策略较为落后,通过智库支持、投资策略的优化、环境社会公司治理的综合评价,发展中国证券市场的社会责任投资,抑制证券市场的投机行为,这将有助于证券市场的稳定。
        According to its evolution, Socially Responsible Investment( SRI) can be divided into three stages: ethical investment stage, socially responsible investment stage and sustainable and responsible investment stage. Global SRI has developed into the third stage on the securities market. There are different popular SRI methods in these three stages. The best-in-class selection based on ESG assessment is more rational method now. The yield of SRI with the best-in-class selection based on ESG assessment is less affected by the irrational fluctuation, and its investment risk is smaller. The SRI method on Chinese securities market is not so mature. Promoting the development of SRI with the support of research organizations, optimization of the investment strategies and ESG assessment can curb speculation and is good for the stability of the securities market.

引文

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