## Abstract President Franklin D. Roosevelt conveyed an important lesson when he said, βWe have always known that heedless selfβinterest was bad morals; we know now that it is [also] bad economics.β But Roosevelt's wisdom has been forgotten, and later generations instead followed the lead of the mo
Investing in sustainability: Delusions and potential benefits of socially responsible investing
β Scribed by Eric De Keuleneer
- Publisher
- Springer-Verlag
- Year
- 2006
- Tongue
- English
- Weight
- 179 KB
- Volume
- 3
- Category
- Article
- ISSN
- 1865-1984
No coin nor oath required. For personal study only.
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In this study we address three questions concerning socially responsible investing. First, is the average return of a socially screened equity universe statistically dierent from the average return of an unscreened universe for the 1987Β±94 period? Second, do analysts' earnings per share forecasts ai
## ABSTRACT This paper investigates the style and performance of US and European global socially responsible funds. Several specifications of the returnβgenerating process are applied as well as their corresponding conditional versions. Most European global socially responsible funds do not show s