Does Relative Performance of Socially Responsible Investing Increase With Financial Risk?

Paweł Śliwiński , Maciej Łobza

Abstract

The research paper positively verified the research hypothesis that the relative financial performance of investments in socially responsible indices against the performance of conventional indices may go up as the global financial risk, measured by the VIX index, increases. Socially Responsible Investing can be rational from the financial point of view. In addition to the ethical aspect, it may fulfill the function of protecting the investment portfolio in periods characterized by a high level of global risk. The hypothesis was tested using statistical research based on a comparative portfolio analysis of the geographically diverse SRI indices (RESPECT Index and DJSI) against the reference points which were the territorially relevant conventional stock indices (WIG20TR and DJITR).
Author Paweł Śliwiński (WGM / KFM)
Paweł Śliwiński,,
- Department of International Finance
, Maciej Łobza (UEP)
Maciej Łobza,,
- Poznań University of Economics and Business
Other language title versionsCzy relatywna efektywność inwestowania odpowiedzialnego społecznie wzrasta wraz z ryzykiem finansowym?
Journal seriesProblemy Zarządzania, ISSN 1644-9584, e-ISSN 2300-8792, (N/A 20 pkt)
Issue year2019
Vol17
No3 (83)
Pages221-228
Publication size in sheets0.5
Keywords in Polishinwestycje odpowiedzialne społecznie, RESPECT Index, efektywność finansowa inwestycji
Keywords in EnglishSocially Responsible Investments, RESPECT Index, investment performance
DOIDOI:10.7172/1644-9584.83.13
URL https://pz.wz.uw.edu.pl/resources/html/article/details?id=190904
Languageen angielski
Score (nominal)20
Score sourcejournalList
ScoreMinisterial score = 20.0, 14-04-2020, ArticleFromJournal
Publication indicators WoS Citations = 0
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