000118254 001__ 118254
000118254 005__ 20230519145532.0
000118254 0247_ $$2doi$$a10.3390/su13147613
000118254 0248_ $$2sideral$$a126869
000118254 037__ $$aART-2021-126869
000118254 041__ $$aeng
000118254 100__ $$0(orcid)0000-0002-4549-8098$$aVilas P.$$uUniversidad de Zaragoza
000118254 245__ $$aThe convergence between sustainability and conventional stock indices. Are we on the right track?
000118254 260__ $$c2021
000118254 5060_ $$aAccess copy available to the general public$$fUnrestricted
000118254 5203_ $$aThe growth of passive and socially responsible (SR) investment makes that sustainability indices play an important role in defining what constitutes a sustainable investment. In order to know the suitability of sustainability indices as benchmarks for SR investors, we used different linear regressions to compare the compositions of sustainability indices and their conventional counterparts and to compare the levels of corporate social responsibility (CSR) of both types of indices. We showed that the composition of sustainability indices gradually converged towards their conventional peers. Moreover, the difference between the CSR levels of both type of indices remained the same or even decreased over time. We concluded that a change in the weighting method of sustainability indices such as the equally weighted criterion would significantly increase the difference from their conventional counterparts. However, due to the relationship between CSR and size, this change would penalize the CSR level of the index. These results raise the question of whether SR passive investors will be able to meet their non-financial expectations as a consequence of the convergence. © 2021 by the authors. Licensee MDPI, Basel, Switzerland.
000118254 540__ $$9info:eu-repo/semantics/openAccess$$aby$$uhttp://creativecommons.org/licenses/by/3.0/es/
000118254 590__ $$a3.889$$b2021
000118254 591__ $$aENVIRONMENTAL STUDIES$$b57 / 128 = 0.445$$c2021$$dQ2$$eT2
000118254 591__ $$aENVIRONMENTAL SCIENCES$$b133 / 279 = 0.477$$c2021$$dQ2$$eT2
000118254 591__ $$aGREEN & SUSTAINABLE SCIENCE & TECHNOLOGY$$b35 / 47 = 0.745$$c2021$$dQ3$$eT3
000118254 591__ $$aGREEN & SUSTAINABLE SCIENCE & TECHNOLOGY$$b7 / 9 = 0.778$$c2021$$dQ4$$eT3
000118254 592__ $$a0.664$$b2021
000118254 593__ $$aEnergy Engineering and Power Technology$$c2021$$dQ1
000118254 593__ $$aRenewable Energy, Sustainability and the Environment$$c2021$$dQ1
000118254 593__ $$aManagement, Monitoring, Policy and Law$$c2021$$dQ1
000118254 593__ $$aGeography, Planning and Development$$c2021$$dQ1
000118254 594__ $$a5.0$$b2021
000118254 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion
000118254 700__ $$0(orcid)0000-0003-3661-5448$$aAndreu L.$$uUniversidad de Zaragoza
000118254 700__ $$0(orcid)0000-0001-6078-0465$$aSarto J.L.$$uUniversidad de Zaragoza
000118254 7102_ $$14002$$2230$$aUniversidad de Zaragoza$$bDpto. Contabilidad y Finanzas$$cÁrea Economía Finan. y Contab.
000118254 773__ $$g13, 14 (2021), 76136 [11 pp]$$pSustainability (Basel)$$tSustainability (Switzerland)$$x2071-1050
000118254 8564_ $$s534010$$uhttps://zaguan.unizar.es/record/118254/files/texto_completo.pdf$$yVersión publicada
000118254 8564_ $$s2791337$$uhttps://zaguan.unizar.es/record/118254/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada
000118254 909CO $$ooai:zaguan.unizar.es:118254$$particulos$$pdriver
000118254 951__ $$a2023-05-18-15:32:20
000118254 980__ $$aARTICLE