This paper evaluates the impact of a screening process based on Environment, Social, and Governance (ESG) scores for an otherwise passive portfolio of investment-grade corporate bonds. The main result is that this filtering leads to a substantial improvement of the targeted ESG score without...

To understand why investors hold socially responsible mutual funds, we link administrative data to survey responses and behavior in incentivized experiments. We find that both social preferences and social signaling explain socially responsible investment (SRI) decisions. Financial motives play...

To understand why investors hold socially responsible mutual funds, we link administrative data to survey responses and behavior in incentivized experiments. We find that both social preferences and social signaling explain socially responsible investment (SRI) decisions. Financial motives play...

We contribute to the research policy literature by pioneering the development of a sufficiently reliable and generically applicable benchmarking approach for research area output quantity and/or quality. In our development, we overcome substantial structural problems such as the ignorance of...

The conversations surrounding corporate social responsibility ("CSR") in international investments often involve framing the discussions from the FDI lens. This Article aims to add another dimension to the discussion: the consideration of the sovereign-driven portfolio investment (in contrast to...

Our research looked at the relationship between ESG (environmental, social and governance) ratings of a company and its stock returns, volatility and risk-adjusted return in the post 2008 financial crisis era. We found an ex-post association between ESG ratings and stock returns, where higher...

In this study we investigate the question of financial performance of Socially Responsible Investment (ISR) funds using BNP Paribas Investment Partners (BNPP IP) Best-In-Class (BIC) universe of European stocks. We originally contribute to the literature by developing analyses enlightened by...

This book sheds light on current issues in sustainable finance through an in-depth analysis and discussion of relevant sustainable products and sustainable initiatives of several financial institutions. This edited collection critically presents and discusses several relevant theoretical issues,...