The Cost of Socially Responsible Investing

被引：62
|
作者：
Adler, Timothy [1 ]
Kritzman, Mark [1 ]
机构：
[1] Windham Capital Management LLC, Res & Dev, Cambridge, MA USA
来源：
JOURNAL OF PORTFOLIO MANAGEMENT | 2008年 / 35卷 / 01期
关键词：
D O I：
10.3905/JPM.2008.35.1.52
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
In this article, the authors estimate the cost of practicing socially responsible investing. Using these results, investors may determine whether imposing restrictions on the available investment universe is the most cost-efficient method for promoting the particular social ideal. The authors design and execute a Monte Carlo simulation to compare the performance of a skillful investor in an unrestricted investment universe with the performance of the same investor in a restricted investment universe. They repeat this for a variety of skill levels and investment universes and find that the cost of socially responsible investing is substantial for even moderately skilled investors
引用
收藏
页码：52 / +
页数：6
相关论文
共 50 条
  • [31] Socially Responsible Investing in Good and Bad Times
    Bansal, Ravi
    Wu, Di
    Yaron, Amir
    REVIEW OF FINANCIAL STUDIES, 2022, 35 (04): : 2067 - 2099
  • [32] Socially responsible investing: Is it for real or just for show?*
    Peng, Hongfeng
    Zhang, Zhenqi
    Goodell, John W.
    Li, Mingsheng
    INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2023, 86
  • [33] Green and socially responsible investing in international markets
    Lesser K.
    Lobe S.
    Walkshaüsl C.
    Journal of Asset Management, 2014, 15 (5) : 317 - 331
  • [34] Elevating the Role of Divestment in Socially Responsible Investing
    Dawkins, Cedric E.
    JOURNAL OF BUSINESS ETHICS, 2018, 153 (02) : 465 - 478
  • [35] The market for socially responsible investing: a review of the developments
    Camilleri, Mark Anthony
    SOCIAL RESPONSIBILITY JOURNAL, 2021, 17 (03) : 412 - 428
  • [36] Socially responsible investing in Scandinavia - a comparative analysis
    Bengtsson, Elias
    SUSTAINABLE DEVELOPMENT, 2008, 16 (03) : 155 - 168
  • [37] Sustainable development and socially responsible finance and investing
    Scholtens, Bert
    Cerin, Pontus
    Hassel, Lars
    SUSTAINABLE DEVELOPMENT, 2008, 16 (03) : 137 - 140
  • [38] Elevating the Role of Divestment in Socially Responsible Investing
    Cedric E. Dawkins
    Journal of Business Ethics, 2018, 153 : 465 - 478
  • [39] Socially responsible investing: a review of the critical issues
    Junkusy, Joan
    Berry, Thomas
    MANAGERIAL FINANCE, 2015, 41 (11) : 1176 - +
  • [40] Sustainable and socially responsible investing Does Islamic investing make a difference?
    BinMahfouz, Saeed
    Hassan, M.
    HUMANOMICS, 2013, 29 (03) : 164 - +
12345