Pairs trading, a popular investing strategy, is often carried out using the meanreverting Ornstein-Uhlenbeck equation as a cornerstone. The random variables which determine the underlying stochastic process are customarily assumed to follow a normal distribution, despite the well-known fact that...

Spanish Abstract: Hace poco más de veinticinco años de la publicación del primer número especial de la Revista Española de Financiación y Contabilidad sobre investigación en contabilidad social y medioambiental. Debido al apreciable auge y relevancia de la investigación científica en...

This work aims to test whether social and environmental screening processes could determine the financial performance of ethical or Socially Responsible Investment (SRI) strategies in the European context. We compare the risk-adjusted returns and systematic risk levels obtained by the two...