Kappou, Konstantina; Oikonomou, Ioannis - Henley Business School, University of Reading - 2012
This study investigates the financial effects of additions to and deletions from two of the most well-known social stock indices: the Calvert social index and the MSCI KLD 400 index. By examining not only short-term abnormal returns but also trading activity, earnings per share and long-term...