Yu, Bing; Wu, Shengxiong; Lenard, Mary Jane - In: Journal of risk and financial management : JRFM 15 (2022) 2, pp. 1-15
In this paper, we examine the performance of an impact investing strategy using the most ethical companies to build an impact investing portfolio. We test the time-series and cross-sectional returns of the impact portfolio, explore the financial analyst coverage of the most ethical firms, and...