Recent Trends in Sustainable and Responsible Investingin the United States

Voorhes, Meg; Humphreys, Joshua

doi:10.3905/joi.2011.20.3.090

Cited by 7 publications

(2 citation statements)

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“…The practice of financial investments regarding the SRI attitudes has evolved and triggered more research. In a 2010 survey of 107 money managers on socially responsible investment, at least half of respondents saw social responsibility as a way to manage portfolio risk or to improve long-term performance (Voorhes and Humphreys, 2011).…”

Section: Relevant Empirical Literaturementioning

confidence: 99%

Socially Responsible Investment and Market Performance: The Case of Energy and Resource Companies

Brzeszczyński¹,

Ghimire²,

Jamasb³

et al. 2019

The Energy Journal

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Do financial markets reward the energy and resource companies for adopting socially responsible practices? In this study, we investigate the stock market performance of major international energy and resource firms, classified within the socially responsible investment (SRI) category, from 2005 to 2016. We simulate investments in the portfolios of the SRI energy and resource companies stocks during this 11-year period and we further assess their risk-adjusted performance. The returns of the energy and resource SRI portfolio as a whole were neither consistently superior nor inferior to those of the benchmark indices. However, there exist substantial differences across the individual sub-sectors. The overall results show that markets do not reward or penalize the energy and resource firms for their SRI attitudes. We also find that the crude oil price consistently had a significant influence on the stock returns of the SRI energy and resource companies.

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Section: Relevant Empirical Literaturementioning

confidence: 99%

Socially Responsible Investment and Market Performance: The Case of Energy and Resource Companies

Brzeszczyński¹,

Ghimire²,

Jamasb³

et al. 2019

The Energy Journal

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“…The popularity of SRIs is well established in most major markets. It is estimated that such portfolios account for between 12 and 20 percent of funds under professional management; which potentially amounts to trillions of US dollars (Boersch, 2010;Steurer et al, 2008;Voorhes, 2010). For example, Allianz Global Investors reported that SRIs in Europe totaled approximately 2.7 trillion euros in 2007, representing approximately 17.6 percent of the European asset management industry (Boersch, 2010).…”

Section: Retirement Savings Behavior and Srismentioning

confidence: 99%

Inertia and discounting in the selection of socially responsible investments

Auger¹,

Devinney

Dowling

et al. 2016

ASR

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Purpose Socially responsible investment (SRI) funds have grown dramatically as an investment alternative in most of the developed world. The paper aims to discuss this issue. Design/methodology/approach This study uses a structured experimental approach to determine if the decision-making process of investors to invest in SRIs is consistent with the process used for conventional investments. The theoretical framework draws on two widely studied concepts in the decision making and investment literature, namely, inertia and discounting. Findings The authors find that inertia plays a significant role in the selection of SRI funds and that investors systemically discount the value of SRIs. Research limitations/implications The results suggest that SRIs need to be designed to cater to the risk/return profiles of investors and that these investors need to be better informed about the performance of SRIs vs conventional investments to reduce their systematic discounting. Originality/value Unique experimental approach applied to investment alternatives in a manner that captures individual level variation.

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Elevating the Role of Divestment in Socially Responsible Investing

Dawkins

2016

J Bus Ethics

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Recent Trends in Sustainable and Responsible Investingin the United States

Cited by 7 publications

References 0 publications

Socially Responsible Investment and Market Performance: The Case of Energy and Resource Companies

Socially Responsible Investment and Market Performance: The Case of Energy and Resource Companies

Inertia and discounting in the selection of socially responsible investments

Elevating the Role of Divestment in Socially Responsible Investing

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