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SOCIALLY RESPONSIBLE INVESTMENT AND THE STUDY OF THE SOCIALLY RESPONSIBLE FUNDS DEVELOPMENT POSSIBILITIES IN LITHUANIA

Economics and Management

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Title SOCIALLY RESPONSIBLE INVESTMENT AND THE STUDY OF THE SOCIALLY RESPONSIBLE FUNDS DEVELOPMENT POSSIBILITIES IN LITHUANIA
 
Creator Žėkienė, Aurelija; Vilnius University
Ruževičius, Juozas; Vilnius University
 
Subject socially responsible fund; socially responsible investment; model; Lithuania; Nasdaq OMX
 
Description Within the course of the past several years the growth in the popularity of socially responsible investment has been gaining momentum. Today Europe, the United States of America and the Pacific Ocean region record hundreds of socially responsible funds. The value of investment in such funds today accounts for trillions of euro. There has been a tangible growth in popularity of this kind of investment lately in Europe. Europe is clearly holding a leading position both in terms of the number and the worth of investment into SRI. Although SRI are becoming more and more popular and interesting to growing numbers of investors, a similar conclusion about Lithuania would be clearly premature. In Lithuania a large portion of the society is hardly aware of this type of investment, and specialists in investment business are introduced to SRI in their professional performance or at subject-specific seminars. Currently there isn't a single socially responsible fund operating in Lithuania. With a view to determining the actual situation and prospects of SRI in Lithuania there was conducted a survey of investment experts (fund managers, financial brokers) and developed a theoretical model of a Lithuanian socially responsible fund. The present article covers in detail the situation related to SRI both on the global scale and in Lithuania, it also presents the findings of the survey performed for the purpose of the present paper.DOI: http://dx.doi.org/10.5755/j01.em.17.3.2137
 
Publisher Kaunas University of Technology
 
Contributor
 
Date 2012-08-08
 
Type

 
Format application/pdf
 
Identifier http://www.eejournal.ktu.lt/index.php/Ekv/article/view/2137
10.5755/j01.em.17.3.2137
 
Source ECONOMICS AND MANAGEMENT; Vol 17, No 3 (2012); 1156-1164
EKONOMIKA IR VADYBA; Vol 17, No 3 (2012); 1156-1164
 
Language en
 
Rights Autorių teisės yra apibrėžtos Lietuvos Respublikos autorių teisių ir gretutinių teisių įstatymo 4-37 straipsniuose.
Copyright terms are indicated in the Republic of Lithuania Law on Copyright and Related Rights, Articles 4-37.