Financial Performance of Socially Responsible Indices
Paweł Śliwiński , Maciej Łobza
AbstractThis article analyzes rate-of-return and risk related to investments in socially responsible and conventional country indices. The socially responsible indices are the DJSI Korea, DJSI US and Respect Index, and the corresponding conventional country indices are the Korea Stock Exchange Composite KOSPI, Dow Jones Industrial Average and WIG20TR. We conclude that investing in the analyzed SRI indices do not yield systematically better results than investing in the respective conventional indices, both in terms of neoclassical risk and return rate. This finding suggest that socially responsible investing should be assessed in terms of behavioral economics related to the psycho-social features of investors, rather than to simplified rational choices (based only on the risk and return rate analysis) that neoclassical economics assumes.
|Journal series||International Journal of Management and Economics, ISSN 2299-9701, (B 12 pkt)|
|Publication size in sheets||1.05|
|Keywords in English||socially responsible investments (SRI), socially responsible indices, investment performance|
|Score||= 12.0, 23-03-2020, ArticleFromJournal|
|Publication indicators||= 0|
|Citation count*||9 (2020-09-21)|
* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.