Dose Ethical Screening Sacrifice Financial Performance: Evidence From 13 Ethical Indices In Developed Markets

NIE, RUI (2013) Dose Ethical Screening Sacrifice Financial Performance: Evidence From 13 Ethical Indices In Developed Markets. [Dissertation (University of Nottingham only)] (Unpublished)

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Abstract

Ethical investors make their investment decisions based on both financial and ethical criteria, in order to ensure that the performances of their investment portfolios are consistent with their personal value system and beliefs. Do such investors pay a price for investing in ethical investment portfolios? This study examines the potential impact of ethical screening process on the stock portfolios by comparing 13 ethical indices from the developed stock markets with their relevant market benchmarks over a 12-year sample period of 2001-2013. The results indicate that the application of ethical screens does not necessarily sacrifice the financial performance.

Item Type: Dissertation (University of Nottingham only)
Keywords: Ethical index, ethical investment, developed markets, CAPM, performance, risk
Depositing User: EP, Services
Date Deposited: 07 Mar 2014 09:16
Last Modified: 25 Oct 2016 16:59
URI: http://eprints.nottingham.ac.uk/id/eprint/26457

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