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

Badía, Guillermo ; Ferruz, Luis (Universidad de Zaragoza) ; Cortez, María C.

Resumen: 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.

Idioma: Inglés

DOI: 10.1002/ijfe.2109

Año: 2021

Publicado en: INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS 26, 4 (2021), 6074-6088
ISSN: 1076-9307

Factor impacto JCR: 1.634 (2021)

Categ. JCR: BUSINESS, FINANCE rank: 84 / 111 = 0.757 (2021) - Q4 - T3

Factor impacto CITESCORE: 2.1 - Economics, Econometrics and Finance (Q2) - Business, Management and Accounting (Q3)

Factor impacto SCIMAGO: 0.424 - Finance (Q2) - Accounting (Q2)

Financiación: info:eu-repo/grantAgreement/EUR/DGA-ESF/G-17030-5423-440030-11101
Financiación: info:eu-repo/grantAgreement/EUR/DGA-ESF/G-17030-5423-440030-91
Financiación: info:eu-repo/grantAgreement/EUR/ERDF/PT2020-2020
Financiación: info:eu-repo/grantAgreement/ES/MICINN/ECO2015-66240-P

Tipo y forma: Article (PostPrint)

Área (Departamento): Área Economía Finan. y Contab. (Dpto. Contabilidad y Finanzas)