| Title | Corporate social performance and portfolio management |
|---|---|
| ID_Doc | 73242 |
| Authors | Teti, E; Dell'Acqua, A; Etro, LL; Andreoletti, LB |
| Title | Corporate social performance and portfolio management |
| Year | 2015 |
| Published | Journal Of Management Development, 34, 9 |
| Abstract | Purpose - The purpose of this paper is to assess the existence of a relationship between socially responsible behavior of companies and price trends of their stocks. Design/methodology/approach - The analysis is conducted by empirically testing data of environmental, social and governance ratings of a sample of European firms between December 2005 and December 2010. A disaggregate analysis is also performed to infer whether a specific contribution of all the different factors that make a business socially responsible can be observed in the value generation process. Findings - The results show that the application of a sustainable approach are successful in creating value, both to the investor and the issuer companies. Research limitations/implications - Findings of this work are significant with respect to portfolio management, because they suggest, on one hand, the myopia of a short-term approach (short-termism), and on the other hand, the importance of sustainable investing. Originality/value - This paper focusses on the integration that has led many international groups to explicitly include extra-financial risk factors in their decision-making processes, by applying the by the four-factor model on a brand new data set. |
Similar Articles
| ID | Score | Article |
|---|---|---|
73942
|
López-Arceiz, FJ; Santamaría, R; del Río, C Sustainability for European investors: Evidence from a sustainable ranking(2020)Revista De Contabilidad-Spanish Accounting Review, 23, 2 | |
| 75845
|
Bodhanwala, S; Bodhanwala, R Relationship between sustainable and responsible investing and returns: a global evidence(2019)Social Responsibility Journal, 16, 4 | |
| 71497
|
Skare, M; Golja, T Corporate Social Responsibility And Corporate Financial Performance - Is There A Link?(2012) | |
| 78385
|
Matytsin, DE; Petrenko, YS; Saveleva, NK Corporate Social Responsibility in Terms of Sustainable Development: Financial Risk Management Implications(2022)Risks, 10, 11 | |
| 66231
|
Zubeltzu-Jaka, E; Andicoechea-Arondo, L; Etxeberria, IA Corporate social responsibility and corporate governance and corporate financial performance: Bridging concepts for a more ethical business model(2018)Business Strategy And Development, 1, 3 | |
| 71259
|
Charlo, MJ; Moya, I; Muñoz, AM Financial Performance of Socially Responsible Firms: The Short- and Long-Term Impact(2017)Sustainability, 9.0, 9 | |
| 74442
|
Vinodkumar, N; Alarifi, G Environmental social governance: a core value to responsible stakeholders and stock market sustainability in the Kingdom of Saudi Arabia(2022)Journal Of Sustainable Finance & Investment, 12, 4 | |
| 74269
|
Cavalcanti, JMM; Boente, DR The Relation Of Risk And Return On Companies Members Of Corporate Sustainability Index For The Period 2008 To 2010(2012)Revista Ambiente Contabil, 4, 1 | |
| 70995
|
Paunica, M; Opris, VN; Opris, ME; Tanase, GL Financial performance improvement through sustainable development(2017) | |
| 77379
|
Al Frijat, YS; Albawwat, IE; Elamer, AA Exploring the mediating role of corporate social responsibility in the connection between board competence and corporate financial performance amidst global uncertainties(2023) |