Corporate Social Responsibility And the Investor

Cover Corporate Social Responsibility And the Investor
Corporate Social Responsibility And the Investor
Edward H Bowman
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. . " In the case of the Swedish economic recovery from tlie recession of the late 1960 's, it is maintained by a number of analysts that the recession was shallower and the recovery quicker because of the impact of pollution control capital investments made at that point. For those governmental economists looking for counter-cyclical investments (forced or subsidized by the government), such expendi- tures may be more socially useful than building pyramids. This involve- ment is not contra to ...the Wallich-McGowan argument for "voluntary" expenditures for externalities as being in the interest of the diver- sified investor. It is also in the spirit of Galbraith's new industrial state, where the government side of the partnership assumes the respon- sibility for stable national growth (an obligation not always satisfactorily performed).
Investor Ethics . L^Jhile allowing for the argument that some word other than "ethics" should be used in this section, it is clear that many investors have some concern for the activities of the companies in which they are invested.


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