Freeman and Winchester (1994)

Freeman, John D. and Winchester, John. "How to Do the Right Thing: Lessons in Pension Fund Management and Socially Responsible Investing." Journal of Investing, Winter 1994.

Written after the end of the South Africa boycott, this paper reviews the state of responsible investment at that time.  "Economic policies invoked to achieve political goals have become an accepted part of our culture...  Trying to determine the true effectiveness of SRI is a moot question.  Advocates are unwilling or unable to put a price on human rights, religious principles, or other causes."