El compartamiento financiero de las empresas socialmente responsables

Charlo Molina, M. J.; Moya Clemente, Ismael

doi:doi:10.1016/S1135-2523(12)60109-9

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Titel:

El compartamiento financiero de las empresas socialmente responsables

Autor:innen:

Charlo Molina, M. J.
Moya Clemente, Ismael

Erscheinungsjahr:

2010

Quellenangabe:

[Journal:] Investigaciones Europeas de Dirección y Economía de la Empresa (IEDEE) [ISSN:] 1135-2523 [Volume:] 16 [Issue:] 2 [Publisher:] Elsevier [Place:] Amsterdam [Year:] 2010 [Pages:] 15-25

Verlag:

Elsevier, Amsterdam

Zusammenfassung:

This paper analyses financial performance of companies considered as highly socially responsible. For this purpose, companies that compose the Spanish sustainability index FTSE4Good IBEX (as well as other IBEX indices) are examined. Two basic results can be highlighted: first, stocks of companies that are socially responsible earn returns on excess over systematic risk, making them investment-attractive. Second, they have a higher systematic risk.

Schlagwörter:

corporate social responsibility
socially responsible investment
FTSE4Good IBEX
sustainability index
ethical alpha

JEL:

G30
M14

Persistent Identifier der Erstveröffentlichung:

doi:10.1016/S1135-2523(12)60109-9

Creative-Commons-Lizenz: