Work

Editorial

Year: 2017

Type: editorial

Abstract: Statman is an internationally known expert in behavioral finance, business ethics, and other aspects of financial decision-making.Together with other distinguished members of the Board, he further enhances the high academic profile, diversity, and international recognition of our Journal.This issue contains six papers covering various areas in economics, finance, and management.Five of them are based on original empirical research and one is a conceptual work.Geographically, one paper focuses on BRICS countries, one on Nigeria, one on European multinationals, and one on tourism sector in Poland.The remaining two papers are of general international orientation, with a focus on the CEE region.In the first article, entitled "The Influence of Financial Market Development on Economic Growth in BRICS Countries, " the authors investigate the influence of financial market development on emerging economies on the higher growth trajectories enjoyed by BRICS relative to their non-BRICS counterparts.The main finding of the study is that higher private sector levels of credit and the financial depth in the BRICS economies were important contributors to those economies' growth.The second paper, "Financial Performance of Socially Responsible Indices, " takes us into the area of ethical investment in financial markets.The paper investigates the risk-return relationship of SRI indices (i.e.portfolios selected using ethical screens) in the US, South Korea, and Poland and compares SRI indices to conventional market indices in the examined countries.Consistent with previous studies in this area, the authors find no significant difference in ethical versus conventional portfolio performance, which suggests that socially responsible investment may be less about the risk-return relationship (posited

Source: International Journal of Management and Economics

DOI: 10.1515/ijme-2017-0001

Author: Adam Szyszka

Institution: Santa Clara University

Language: English

Topic: Financial Markets and Investment Strategies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: gold

Estimated APC paid: $460