Wang, Yanbing; Delgado, Michael S.; Xu, Jin - In: International journal of corporate social … 8 (2023) 1, pp. 1-23
We investigate the circumstances under which socially responsible investing (SRI) enhances firm long-term financial performance, and therefore provides incentives for firms to self-regulate their environmental performance. Aggregating portfolios across SRI mutual funds, we estimate the effect of...