The performance of socially responsible investments: A meta-analysis

Publikation: Beitrag in FachzeitschriftForschungsartikelBeigetragenBegutachtung

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

OriginalspracheEnglisch
Seiten (von - bis)1012-1061
Seitenumfang50
Fachzeitschrift European financial management : the journal of the European Financial Management Association
Jahrgang30
Ausgabenummer2
PublikationsstatusVeröffentlicht - März 2024
Peer-Review-StatusJa

Externe IDs

Scopus 85161997003
WOS 001009724100001
ORCID /0000-0002-0576-7759/work/142239317

Schlagworte

Forschungsprofillinien der TU Dresden

Fächergruppen, Lehr- und Forschungsbereiche, Fachgebiete nach Destatis

Schlagwörter

  • environmental social governance, ESG, meta-analysis, socially responsible investment, SRI, Esg, Socially responsible investment, Sri, Environmental social governance, Meta-analysis

Bibliotheksschlagworte