Time and business sustainability: Socially responsible investing in Swiss banks and insurance companies
Journal
Business & society
ISSN
0007-6503
ISSN-Digital
1552-4205
Type
journal article
Date Issued
2020-09-01
Author(s)
Abstract
Business sustainability aims to combine market logic with social welfare logic. In literature, it is commonly assumed that sustainability and the social welfare logic associated with it are characterized by a long-term orientation. However, this assumption is problematic because this principle may not apply in certain contexts. This qualitative study challenges this assumption and focuses on the mechanisms by which time affects the adoption of sustainability practices in the context of socially responsible investing (SRI) practices in Swiss banks and insurance companies. The article provides insights into the mechanisms associated with different time horizons and investigates their effects on the adoption of SRI in financial intermediaries. It also shows how the dimension of time shapes interactions between the two institutional logics underlying SRI in business organizations through specific mechanisms
Language
English
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
Sage Periodicals Press
Publisher place
Thousand Oaks, Calif. [u.a.]
Volume
59
Number
7
Start page
1410
End page
1440
Pages
30
Subject(s)
Division(s)
Eprints ID
254320