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What Do Impact Investors Do Differently?

Cole, Shawn; Jeng, Leslie A.; Lerner, Joshua; Rigol, Natalia - National Bureau of Economic Research - 2023

In recent years, impact investors - private investors who seek to generate simultaneously financial and social returns - have attracted intense interest and controversy. We analyze a novel, comprehensive data set of impact and traditional investors to assess how the non-financial characteristics...

Persistent link: https://www.econbiz.de/10014437029

Are ethical investments good?

Chow, Gariet W. S.; Durand, Robert B.; Koh, SzeKee - In: Australian journal of management 39 (2014) 4, pp. 645-665

Persistent link: https://www.econbiz.de/10010475663

On the relevance of psychological motives, values, and norms for socially responsible investments : an econometric analysis

Gutsche, Gunnar; Köbrich-León, Anja; Ziegler, Andreas - 2016

empirically examines the determinants of socially responsible investments (SRI). Our econometric analysis implies that the … perceived financial performance of SRI matters for the shares of investments in SRI among all investments. However, our main … even more relevant and thus have strong significant effects on SRI. This suggests that SRI investors gain strong non …

Persistent link: https://www.econbiz.de/10011567326

Equity markets and ESG dynamics : assessing spillovers and portfolio strategies through time-varying parameters

Wang, Yi; Ali, Shoaib - In: Energy economics 134 (2024), pp. 1-11

Persistent link: https://www.econbiz.de/10015047135

Investment Horizon and the Attractiveness of Investment Strategies : A Behavioral Approach

Dierkes, Maik - 2010

We analyze different investment strategies by comparing them over a variety of investment horizons. As expected Utility Theory cannot explain the attractiveness of empirically observed strategies, we apply a behavioral approach instead. In particular, we assess attractiveness from the viewpoint...

Persistent link: https://www.econbiz.de/10013150953

Saints versus Sinners : does morality matter?

Durand, Robert B.; Koh, SzeKee; Limkriangkrai, Manapon - In: Journal of international financial markets, … 24 (2013), pp. 166-183

Persistent link: https://www.econbiz.de/10009726409

Do politicians "put their money where their mouth is?" : ideology and portfolio choice

Aiken, Adam L.; Ellis, Jesse A.; Kang, Minjeong - In: Management science : journal of the Institute for … 66 (2020) 1, pp. 376-396

Persistent link: https://www.econbiz.de/10012156631

Sustainable Investing in Equilibrium

Pastor, Lubos - 2020

We present a model of investing based on environmental, social, and governance (ESG) criteria. In equilibrium, green assets have negative CAPM alphas, whereas brown assets have positive alphas. Green assets' negative alphas stem from investors' preference for green holdings and from green...

Persistent link: https://www.econbiz.de/10012838938

Sustainable Investing in Equilibrium

Pastor, Lubos - 2020

We model investing that considers environmental, social, and governance (ESG) criteria. In equilibrium, green assets have low expected returns because investors enjoy holding them and because green assets hedge climate risk. Green assets nevertheless outperform when positive shocks hit the ESG...

Persistent link: https://www.econbiz.de/10012846386

Sustainable Investing with ESG Rating Uncertainty

Avramov, Doron; Cheng, Si; Lioui, Abraham; Tarelli, Andrea - 2021

This paper analyzes the asset pricing and portfolio implications of an important barrier to sustainable investing---uncertainty about the corporate ESG profile. In equilibrium, the market premium increases and demand for stocks declines under ESG uncertainty. In addition, the CAPM alpha and...

Persistent link: https://www.econbiz.de/10013247943

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