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Title:El compartamiento financiero de las empresas socialmente responsables PDF Logo
Authors:Charlo Molina, M. J.
Moya Clemente, Ismael
Issue Date:2010
Citation:[Journal:] Investigaciones europeas de dirección de la empresa (IEDEE) [ISSN:] 1135-2523 [Volume:] 16 [Year:] 2010 [Issue:] 2 [Pages:] 15-25
Abstract:This paper analyses financial performance of companies considered as highly socially responsible. For this purpose, companies that compose the Spanish sustainability index FTSE4Good IBEX (as well as other IBEX indices) are examined. Two basic results can be highlighted: first, stocks of companies that are socially responsible earn returns on excess over systematic risk, making them investment-attractive. Second, they have a higher systematic risk.
Subjects:corporate social responsibility
socially responsible investment
FTSE4Good IBEX
sustainability index
ethical alpha
JEL:G30
M14
Document Type:Article
Appears in Collections:Investigaciones Europeas de Dirección y Economía de la Empresa (IEDEE)

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