The performance of socially responsible investments: A meta-analysis
Publikation: Beitrag in Fachzeitschrift › Forschungsartikel › Beigetragen › Begutachtung
Beitragende
Abstract
In this article, we use a meta-analysis to examine the performance of socially responsible investing (SRI). We find that, on average, SRI neither outperforms nor underperforms the market portfolio. However, in line with modern portfolio theory, we find that global SRI portfolios outperform regional subportfolios. Moreover, high-quality publications, publications in finance journals and authors who publish more frequently on SRI are all less likely to report SRI outperformance. In particular, we find that including more factors in a capital market model reduces the likelihood that a study will find SRI outperformance.
Details
Originalsprache | Englisch |
---|---|
Seiten (von - bis) | 1012-1061 |
Seitenumfang | 50 |
Fachzeitschrift | European financial management : the journal of the European Financial Management Association |
Jahrgang | 30 |
Ausgabenummer | 2 |
Publikationsstatus | Veröffentlicht - März 2024 |
Peer-Review-Status | Ja |
Externe IDs
Scopus | 85161997003 |
---|---|
WOS | 001009724100001 |
ORCID | /0000-0002-0576-7759/work/142239317 |
Schlagworte
Forschungsprofillinien der TU Dresden
DFG-Fachsystematik nach Fachkollegium
Fächergruppen, Lehr- und Forschungsbereiche, Fachgebiete nach Destatis
ASJC Scopus Sachgebiete
Schlagwörter
- environmental social governance, ESG, meta-analysis, socially responsible investment, SRI, Esg, Socially responsible investment, Sri, Environmental social governance, Meta-analysis