Grzeszne spółki: synteza 15 lat badań teoretycznych i empirycznych
Paweł Niszczota
Abstract:Sin stocks: A synthesis of 15 years of theoretical and empirical studies. In the narrowest sense, sin stocks are shares in companies engaged in the production of alcohol, tobacco, or gambling. Starting with the article by Hong and Kacperczyk (2009), they have been attracting an increasing interest from researchers. In this article, I attempt to synthesize recent theoretical and empirical work on morally controversial companies, by presenting (1) differences in the way sin stocks are defined, (2) work on estima… Show more
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