PL EN


Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
2013 | 1 | nr 2 Modern Challenges for International Business in Europe | 29--40
Tytuł artykułu

The Performance of Socially Responsible Investments

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
The paper aims to annotate how selection of equity securities can be made by incorporating sustainability into analysis, and to present review of performance evidence of such an investment strategy.

The authors reviewed the scholarly literature and contemporary research on what constitutes a socially responsible investment, what risks are associated with such an investment, and what evidence of its performance are in different markets. They hypothesized that socially responsible investments underperform non‐socially aware investments.

This paper provides review of relevant corporate sustainability indicators used in investment analysis. Also, this paper is trying to present evidence of a link between corporate social responsibility and shareholder value. Research of performance of socially responsible investment equity indices and funds; mostly show that they underperform conventional ones.

This paper aims to examine existing findings on socially responsible investing, and to propose modification of corporate strategies accordingly.

This paper provides various insights into implications when incorporating environment, social responsibility, and corporate governance into investment strategies. (original abstract)
Twórcy
  • University of Belgrade, Serbia, PhD student
  • University of Belgrade, Serbia
Bibliografia
  • Leite, P. & Ceu Cortez, M., 2014, 'Style and performance of international socially responsible funds in Europe', Research in International Business and Finance, vol. 30, pp. 248- 267.
  • Lubin, D. A. & Esty, D. C., 2012, 'The Sustainability Imperative'. In C. Krosinsky, N. Robins & S. Viederman (Eds), Evolutions in Sustainable Investing: Strategies, Funds, and Thought Leadership, John Wiley and Sons, Hoboken, pp. 1‐10.
  • Nofsinger, J. & Varma, A., 2014, 'Socially responsible funds and market crises', Journal of Banking and Finance. Article in press, Available from (accessed December 2013).
  • Oh, C.H., Park, J‐H. & Ghauri, P.N., 2013, 'Doing right, investing right: Socially responsible investing and shareholder activism in the financial sector', Business Horizons, vol. 56, iss.6, pp.703-714, Available from: (accessed December 2013).
  • Ortas, E., Burritt, R.L. & Moneva, J.M., 2013, 'Socially Responsible Investment and cleaner production in the Asia Pacific: does it pay to be good?', Journal of Cleaner Production, vol. 52, pp. 272‐280. Available from: http://dx.doi.org/10.1016/j.jclepro (accessed December 2013).
  • Ortas, E., Moneva, J.M. & Salvador, M., 2012, 'Does socially responsible investment equity indexes in emerging markets pay off? Evidence from Brazil', Emerging Markets Review, vol. 13, iss.4, pp. 581-597.
  • Renneboog, L., Horst, J.T. & Zhang, C., 2008, 'Socially responsible investments: Institutional aspects, performance, and investor behavior', Journal of Banking & Finance, vol. 32, iss. 9, pp. 1723-1742.
  • Salo, J., 2012, 'Environmental Metrics'. In C. Krosinsky, N. Robins & S. Viederman (Eds), Evolutions in Sustainable Investing: Strategies, Funds, and Thought Leadership, John Wiley and Sons, Hoboken, pp. 169‐180.
  • Scholtens, B., 2014, 'Indicators of Responsible Investing', Ecological Indicators, vol. 36, pp. 382- 385.
  • Soyka, P.A., 2012, Creating a Sustainable Organization: Approaches for Enhancing Corporate Value Through Sustainability, Pearson Education, Inc., New Jersey.
  • Sturmark, B. & Krosinsky, C., 2012, 'On Performance'. In C. Krosinsky, N. Robins & S. Viederman (Eds), Evolutions in Sustainable Investing: Strategies, Funds, and Thought Leadership, John Wiley and Sons, Hoboken, pp. 393‐400.
  • SVM, 2013, SVM Asset Management, Available from: (accessed December 2013).
  • Trevit, M.L., 2012, 'Jupiter Ecology'. In C. Krosinsky, N. Robins & S. Viederman (Eds), Evolutions in Sustainable Investing: Strategies, Funds, and Thought Leadership, John Wiley and Sons, Hoboken, pp. 11‐26.
  • Triodos Bank, 2013, Available from: (accessed December 2013).
  • Viederman, D., 2012, 'The Silent "S" in ESG'. In C. Krosinsky, N. Robins & S. Viederman (Eds), Evolutions in Sustainable Investing: Strategies, Funds, and Thought Leadership, John Wiley and Sons, Hoboken, pp. 217‐220.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171276759

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.