Work

The performance of social responsible investing from retail investors' perspective: international evidence

Year: 2020

Type: article

Abstract: This paper investigates the performance of socially responsible investment (SRI) portfolios compared to conventional investments. Adopting a retail investor's perspective, we provide evidence of SRI financial performance at the worldwide level as well as at the regional level, for five regions (North America, Europe except UK, UK, Pacific region and emerging markets). Our results show that the performance of global SRI portfolios is higher than conventional investments. Moreover, we observe differences in the financial performance of regional SRI portfolios in the overall period and, in particular, in bear markets. These results suggest that country‐specific factors may affect the relationship between corporate social and financial performance.

Source: International Journal of Finance & Economics

DOI: 10.1002/ijfe.2109

Authors: Guillermo Badía, Luis Ferruz, Maria Céu Cortez

Institutions: Universidad de Zaragoza, Universidad Nebrija, University of Minho

Language: English

Topic: Corporate Social Responsibility Reporting

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: bronze

Funders: Ministerio de Economía y Competitividad, Fundação para a Ciência e a Tecnologia, European Regional Development Fund

Awards: G1079956461, G5481732403