• Out-of-Stock

On the Performance of Socially Responsible Investing: Further Evidence [extrait BMI 118]

Author :
€50.00
Tax included
Quantity
Add to wishlist
Out-of-Stock

Version numérique PDF

We examine the relation between corporate social performance and stock portfolios performances. Based on Kinder, Lydenberg and Domini social performance ratings, the study constructs and evaluates different sets of equity portfolios that differ in social performance. The high-ranked portfolios provide, in most cases, higher average returns than their low-ranked counterparts over the 1995-2006 period. In addition, we observe that the relation social-financial performance depends also on the economic cycle and consequently, on the market performance. Socially responsible investments seem to be more popular during bearish market periods and less popular during bullish market periods. Finally, our results suggest that in some industries, the differences of performances are more significant than in others. In other words, the relation social-financial performance seems to be considerably affected by the nature of firms? activities. Therefore, our empirical results suggest that industry is an important factor that should be taken in consideration in studies on the relation between social and financial performance.

Auteurs :Shalchian Homayoon
Extrait de la revue BMI 118

BMI118-1109605
New

16 other products in the same category:

Bankers, Markets &...
  • Out-of-Stock
Availability: Out of stock
  • Refi nancing and Shareholder Value: Covered Bond Issuances between 2007 and 2010
  • Evolution of the US Stock Market Risk Premium in Periods of Crisis
  • Investors Expectations and Preferences during the Financial Crisis and the Bursting Internet Bubble
  • Effi ciency in Islamic and Conventional Banks
  • Corporate Governance of Banks and Risk Management by Stockholders
Bankers, Markets &...
  • Out-of-Stock
Availability: Out of stock

The Performance of Islamic Investment: Evidence from the Dow Jones Islamic Indexes
Volatility Strategies for Global and Country Specific European Investors
Problem Loans in the MENA Countries: Bank Specifi c Determinants and the Role of the Business and the Institutional Environment
Short Term Wealth Creation Sustainability of French Acquirers of Unlisted versus Listed Firms
Financial flexibility

Bankers, Markets &...
  • Out-of-Stock
Availability: Out of stock

The Great Divergence: French Equity Premium is Lower and Riskier than the US since WWI
Is the KIID Sufficient to Associate Portfolios to Investor Profiles?
Momentum Investing over the Last Twenty Years in France, its Persistence and the Effects of the Financial Crisis
On the Performance of Socially Responsible Investing: Further Evidence
Focus on... The Individual Investor

Bankers, Markets &...
  • Out-of-Stock
Availability: Out of stock

Sommaire

Articles

  • Introducing a New Form of Volatility Index: the Cross-Sectional Volatility Index
  • The Link between Eurozone Sovereign Debt and CDS Prices
  • Performance of Socially Responsible Investment Funds against an Effi cient SRI Index: The Impact of Benchmark Choice when Evaluating Active Managers

Focus On

  • Shedding Light on Non-Financial Risks, A European Survey
Bankers, Markets &...
  • Out-of-Stock
Availability: Out of stock

An arbitrage-free interest rate model consistent with economic constraints for Long-Term Asset Liability Management

The Influence of Variable Selection Methods on the Accuracy of Bankruptcy Prediction Models

  • Extendible Options with Modifiable Underlying Assets
  • The Perception of Dividends by Managers
  • Mobilizing Investor Networks behind Shareholder Activism in France
This website uses cookies to ensure you get the best experience on our website