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Analyser la performance financière des indices boursiers environnementaux
[Analyzing financial performance of green stock market indices]

Author

Listed:
  • Barda, Kelly

Abstract

This study aims to compare the financial performance of several green stock market indices with their conventional counterparts. Several time periods are analyzed, and several financial indicators are considered. It appears that the StoxxGlobal ESG Environnemental Leader outperforms its conventional benchmark. By contrast, we find that the Russell 1000 Green Revenues USA, the Dow Jones Sustainability USA and the FTSE4Good USA underperform their traditional counterparts.

Suggested Citation

  • Barda, Kelly, 2020. "Analyser la performance financière des indices boursiers environnementaux [Analyzing financial performance of green stock market indices]," MPRA Paper 102537, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:102537
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    File URL: https://mpra.ub.uni-muenchen.de/102537/1/MPRA_paper_102537.pdf
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    References listed on IDEAS

    as
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    5. Jonathan Peillex & Loredana Ureche-Rangau, 2014. "How does the Market Price of the Corporate Sponsor React to Socially Responsible Fund Introductions?," Bankers, Markets & Investors, ESKA Publishing, issue 131, pages 17-29, July-Augu.
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    8. Jonathan Peillex & Breeda Comyns, 2020. "Why do financial companies adopt the United Nations Principles for responsible investment? [Pourquoi les sociétés financières décident-elles d'adopter les principes des nations unies pour l'investi," Post-Print hal-03678297, HAL.
    9. Peillex, Jonathan & Erragragui, Elias & Bitar, Mohammad & Benlemlih, Mohammed, 2019. "The contribution of market movements, asset allocation and active management to Islamic equity funds’ performance," The Quarterly Review of Economics and Finance, Elsevier, vol. 74(C), pages 32-38.
    10. Marie Brière & Jonathan Peillex & Loredana Ureche-Rangau, 2017. "Do Social Responsibility Screens Matter when Assessing Mutual Fund Performance?," Post-Print hal-02315452, HAL.
    11. Imane El Ouadghiri & Valérie Mignon & Nicolas Boitout, 2016. "On the impact of macroeconomic news surprises on Treasury-bond returns," Annals of Finance, Springer, vol. 12(1), pages 29-53, February.
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    13. Jonathan Peillex & Loredana Ureche-Rangau, 2016. "Identifying the Determinants of the Decision to Create Socially Responsible Funds: An Empirical Investigation," Journal of Business Ethics, Springer, vol. 136(1), pages 101-117, June.
    14. Jonathan Peillex & Breeda Comyns, 2020. "Why do financial companies adopt the United Nations Principles for Responsible Investment?," Post-Print hal-03688867, HAL.
    15. Mohammed Benlemlih & Jamil Jaballah & Jonathan Peillex, 2018. "Does it really pay to do better? Exploring the financial effects of changes in CSR ratings," Applied Economics, Taylor & Francis Journals, vol. 50(51), pages 5464-5482, November.
    16. Imane El Ouadghiri & Remzi Uctum, 2020. "Macroeconomic expectations and time varying heterogeneity:evidence from individual survey data," Applied Economics, Taylor & Francis Journals, vol. 52(23), pages 2443-2459, May.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Financial performance; Green stock market indices; Sharpe ratio; Volatility;
    All these keywords.

    JEL classification:

    • G0 - Financial Economics - - General
    • G1 - Financial Economics - - General Financial Markets
    • G2 - Financial Economics - - Financial Institutions and Services

    NEP fields

    This paper has been announced in the following NEP Reports:

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