Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/156272
Authors: 
von Wallis, Miriam
Klein, Christian
Year of Publication: 
2015
Citation: 
[Journal:] Business Research [ISSN:] 2198-2627 [Publisher:] Springer [Place:] Heidelberg [Volume:] 8 [Year:] 2015 [Issue:] 1 [Pages:] 61-98
Abstract: 
This paper provides an overview of the status quo in socially responsible investing (SRI) literature. We outline motives, history, and current best practice of SRI. We also provide a thorough analysis of a wide set of studies that cover two key topics in this field: the first research objective is to determine the relative performance of SRI vehicles in comparison to their conventional benchmarks. Our metaanalysis shows that most research studies find that socially responsible (SR) investments perform equal to conventional investments, but these findings are challenged by contradictory results from other studies. The second objective is to analyze SR behavior's effects on a company's financial results. We cover the period between 1986 and 2012. This paper provides future researchers with a well-documented and structured overview of the existing literature on SRI, thereby identifying gaps that might be closed by future research.
Subjects: 
Socially responsible investing
SRI
Socially responsible investment
Ethical investment
Corporate social responsibility
Investment screens
Sustainable investments
Financial performance
Business ethics
Socially responsible rating approach
JEL: 
M14
G11
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/4.0/
Document Type: 
Article

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