New business practices are mainly characteristic of large firms, especially those quoted on the stock market. Listed companies show a higher commitment to corporate social responsibility (CSR) practices because capital markets allow activists to become a firm's socially oriented shareholders....

The aim of this study is to analyze the environmental performance of countries and the variables that can influence it. At the same time, we performed a multivariate analysis using the HJ-biplot, an exploratory method that looks for hidden patterns in the data, obtained from the usual singular...

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...

Sector investment has grown significantly in international stock markets an also in the Spanish one, during the last few years. Among other issues, sector portfolio managers need to estimate accurately the beta of their portfolios in order to carry out more efficient investment strategies....

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...

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...

This paper aims to investigate companies’ environmental, social, governance (ESG), and financial implications of their commitment to the United Nations Global Compact (UNGC). The focus is placed on companies operating in the three countries with the highest number of UNGC participants: Spain,...