This volume breaks new ground by approaching Socially Responsible Investment (SRI) as an explicitly ethical practice in financial markets. The work explains the philosophical and practical shortcomings of 'long term shareholder value' and the origins and conceptual structure of SRI, and links its pursuit to both its deeper philosophical foundations and the broader, multi-dimensional global movement towards greater social responsibility in global markets. Interviews with fund managers in the Australian SRI sector generate recommendations for better integrating ethics into SRI practice via ethically informed engagement with invested companies, and an in-depth discussion of the central practical SRI issue of fiduciary responsibility strengthens the case in favour of SRI. The practical and ethical theoretical perspectives are then brought together to sketch out an achievable ideal for SRI worldwide, in which those who are involved in investment and business decisions become part of an 'ethical chain' of decision makers linking the ultimate owners of capital with the business executives who frame, advocate and implement business strategies. In between there are investment advisors, fund managers, business analysts and boards. The problem lies in the fact that the ultimate owners are discouraged from considering their own values, or even their own long term interests, whilst the others often look only to short term interests. The solution lies in the latter recognising themselves as links in the ethical chain.
The Investment is a serio-farce or farce with an edge, set in the 50's, about three small-time business presidents who plan to make an illegal investment that will make them quite wealthy. Ajax Atwell, president of Atwell Industries, and Randolph Hubert, President of Ticonderoga Tool & Dye, have serious reservations about the investment, whereas Hubert Kendra, President of Kendra Manufacturers, is the self-assured, dominating instigator. As the "plot" develops, we can see that the burden of the investment, which never proceeds past the initial "talk stage," takes its toll on these men and their identities start to fragment, crumble and shatter.The action of the play moves from present time to past time and from real time to surreal or imaginary time as the scenes switch back and forth from offices to bar. The changes in time and space represent the changes in the personal development of Ajax Atwell, the fate of Randolph Hubert, and the logical conclusion of Hubert Kendra. The Investment is a comic tragedy packed with energy and invested with insanity. The pacing is akin to a Marx Brothers movie, though with an edge. Characters can die in this play, but that will not stop them from achieving their personal and developmental goals. Don't expect a normal plot. These characters set out to make an illegal investment, but that's not what the play is about. It's a comic-drama, with superficial thriller overtones.
Investment Formulas: A Simple Introduction includes over 80 formulas in the investment field, alongside relevant definitions and explanations. The formulas cover the topics of historical return measures, investment models, portfolio performance evaluation, firm and stock valuation, bond portfolio management, derivatives, and option valuation.
Garage Sale Articles
Garage Sale Books