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The effectiveness of Social Responsible Investment on the stock market (Efektywnosc inwestycji spolecznie odpowiedzialnych na rynku akcji)

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  • Teresa Czerwinska

    (Katedra Systemow Finansowych Gospodarki, Wydzial Zarzadzania Uniwersytetu Warszawskiego)

Abstract

The aim of this work is to review the impact of Social Responsible Investment on the portfolio management and analyze the effectiveness of investment in socially responsible portfolio represented by RESPECT Index on the stock market. The outcome of the research carried out that investing in an index of socially responsible companies RESPECT characterized with exceptional levels of efficiency and relatively low investment risk during considered period. The results are quite unusual, since the global stock market returns of socially responsible indexes did not differ significantly from the rates of return of the traditional indices.

Suggested Citation

  • Teresa Czerwinska, 2012. "The effectiveness of Social Responsible Investment on the stock market (Efektywnosc inwestycji spolecznie odpowiedzialnych na rynku akcji)," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 10(39), pages 129-140.
    • Handle: RePEc:sgm:pzwzuw:v:10:i:39:y:2012:p:129-140
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    References listed on IDEAS

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    3. Leonardo Becchetti & Rocco Ciciretti, 2009. "Corporate social responsibility and stock market performance," Applied Financial Economics, Taylor & Francis Journals, vol. 19(16), pages 1283-1293.
    4. Paul Gompers & Joy Ishii & Andrew Metrick, 2003. "Corporate Governance and Equity Prices," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(1), pages 107-156.
    5. James Chong & Monica Her & G. Michael Phillips, 2006. "To sin or not to sin? Now that's the question," Journal of Asset Management, Palgrave Macmillan, vol. 6(6), pages 406-417, March.
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