Investing in stocks: three models of faith integration

Abstract

Purpose

The purpose of this paper is to explore the role of Christian investors and the responsibility to promote justice and stewardship.

Design/methodology/approach

This paper examines three models of integrating the Christian faith with investing in the stock market. The first model considers investing in the stock market with minimal ethical discretion, looking at possible justifications for such behavior. The second model looks at the practice of avoidance of the stock market. The third model examines the ethic of active stewardship, where individuals more closely monitor the ethical behavior of firms.

Findings

Buying stock in a company makes one a part owner of that firm, and as an owner Christians have responsibilities to promote justice and stewardship within that firm. Although Christians may differ on the proper model for responding to this responsibility, the goal of all Christians should be to encourage fair business practices, honest labor‐management relations, care for the environment, and the production of goods that are truly useful in today’s society.

Practical implications

All three models can be based on various understandings of the Christian scriptures. The authors assert that whatever model is chosen, Christians need to look beyond just monetary returns when making investment decisions.

Originality/value

The value of this paper is that it explores the difficulty of integrating the Christian faith with investing and offers a model for being a responsible Christian investor.

Citation

Porter, B.E. and Steen, T.P. (2006), "Investing in stocks: three models of faith integration", Managerial Finance, Vol. 32 No. 10, pp. 812-821. https://doi.org/10.1108/03074350710688305