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The Financial Performance of Ethical Investment Trusts: An Australian Perspective
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The Financial Performance of Ethical Investment Trusts: An Australian Perspective (2000)The Financial Performance of Ethical Inve…How to Rate Management of Investment Funds (2012)How to Rate Management of Inv…The Social Responsibility of Business Is to Increase Its Profits (2007)The Social Responsibility of …Multifactor Explanations of Asset Pricing Anomalies (1996)Multifactor Explanations of A…THE FINANCIAL PERFORMANCE OF ETHICAL INVESTMENT FUNDS (1995)THE FINANCIAL PERFORMANCE OF …The Performance Of Ethical Unit Trusts: Choosing An Appropriate Benchmark (1994)The Performance Of Ethical Un…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…The Investment Performance of UK “Ethical” Unit Trusts (1992)The Investment Performance of…The moral dimension: toward a new economics (1989)The moral dimension: toward a…Data in Search of a Theory: A Critical Examination of the Relationships Among Social Performance, Social Disclosure, and Economic Performance of U.S. Firms (1985)Data in Search of a Theory: A…Narrative disclosures in annual reports (1983)Narrative disclosures in annu…Pollution disclosures, pollution performance and economic performance (1982)Pollution disclosures, pollut…An Investigation of the Information Content of (Certain) Social Responsibility Disclosures (1978)An Investigation of the Infor…The Impact of the Disclosure of the Environmental Effects of Organizational Behavior on the Market (1976)The Impact of the Disclosure …Risk, The Pricing of Capital Assets, and The Evaluation of Investment Portfolios (1969)Risk, The Pricing of Capital …Mutual Fund Performance (1966)Mutual Fund PerformanceDoes responsible investing pay during economic downturns: Evidence from the COVID-19 pandemic (2020)Does responsible investing pa…Are environmental social governance equity indices a better choice for investors? An Asian perspective (2016)Are environmental social gove…Socially responsible investing: a review of the critical issues (2015)Socially responsible investin…Reporting Biases in Empirical Management Research: The Example of Win-Win Corporate Social Responsibility (2015)Reporting Biases in Empirical…Exploring Factors that Influence Social Retail Investors’ Decisions: Evidence from Desjardins Fund (2014)Exploring Factors that Influe…Performance of Portfolios Composed of British SRI Stocks (2013)Performance of Portfolios Com…Profiling socially responsible investors: Australian evidence (2012)Profiling socially responsibl…35 years of socially responsible investing (SRI) research: General trends over time (2012)35 years of socially responsi…Measuring Investors’ Socially Responsible Preferences in Mutual Funds (2011)Measuring Investors’ Socially…Australian Socially Responsible Funds: Performance, Risk and Screening Intensity (2011)Australian Socially Responsib…Assessing SRI fund performance research: Best practices in empirical analysis (2011)Assessing SRI fund performanc…The Investment Performance of Socially Responsible Investment Funds in Australia (2007)The Investment Performance of…Socially Responsible Investing: the green attitudes and grey choices of Australian investors (2007)Socially Responsible Investin…The Financial Performance of a Socially Responsible Investment Over Time and a Possible Link with Corporate Social Responsibility (2005)The Financial Performance of …The "Ethics" of Ethical Investing (2003)The "Ethics" of Ethical Inves…Defining Ethical Investment and its Demography in Australia (2001)Defining Ethical Investment a…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)A Simplified Model for Portfolio Analysis (1963)AN EXAMINATION OF THE IMPACT OF POLLUTION PERFORMANCE ON ECONOMIC AND MARKET PERFORMANCE: PULP AND PAPER FIRMS (1992)Social Disclosure and the Individual Investor (1994)The Adjustment of Stock Prices to New Information (2003)A Meta-analytical investigation of the relationship between corporate social and financial performance (2005)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)A critique of the asset pricing theory's tests Part I: On past and potential testability of the theory (1977)Corporate Social Responsibility and Financial Risk (2004)Ethical Investment Processes and Outcomes (2004)Is there a Difference? The Performance Characteristics of SRI Equity Indices (2006)Industry costs of equity (1997)On Persistence in Mutual Fund Performance (1997)Investor Psychology and Security Market Under‐ and Overreactions (1998)CORPORATE SOCIAL RESPONSIBILITY AND FIRM FINANCIAL PERFORMANCE. (1988)Organizations: Rational, Natural, and Open Systems (1988)Corporate social and environmental reporting (1995)The Relationship Between Corporate Philanthropy And Shareholder Wealth: A Risk Management Perspective (2005)Strategic management a stakeholder approach (2010)External Control of Organizations: Resource Dependence Perspective (2011)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Performance Hypothesis Testing with the Sharpe and Treynor Measures (1981)Time-varying conditional covariances in tests of asset pricing models (1989)Measuring abnormal performance (1992)Hot Hands in Mutual Funds: Short-Run Persistence of Relative Performance, 1974-1988 (1993)Returns from Investing in Equity Mutual Funds 1971 to 1991 (1995)An Engine, Not a Camera (2006)Foundations of Social Theory (1991)The four elementary forms of sociality: Framework for a unified theory of social relations. (1992)Measuring Public Service Motivation: An Assessment of Construct Reliability and Validity (1996)The pyramid of corporate social responsibility: Toward the moral management of organizational stakeholders (1991)A Stakeholder Framework for Analyzing and Evaluating Corporate Social Performance (1995)The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications (1995)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Efficient Capital Markets: II (1991)
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References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 2007The Social Responsibility of Business Is to Increase Its Profits11,534 cited
  • 1996Multifactor Explanations of Asset Pricing Anomalies6,710 cited
  • 1966Mutual Fund Performance3,932 cited
  • 1985Data in Search of a Theory: A Critical Examination of the Relationships Among Social Performance, Social Disclosure, and Economic Performance of U.S. Firms2,647 cited
  • 2012How to Rate Management of Investment Funds1,603 cited
  • 1989The moral dimension: toward a new economics1,531 cited
  • 1969Risk, The Pricing of Capital Assets, and The Evaluation of Investment Portfolios941 cited
  • 1976The Impact of the Disclosure of the Environmental Effects of Organizational Behavior on the Market358 cited
  • 1995THE FINANCIAL PERFORMANCE OF ETHICAL INVESTMENT FUNDS320 cited
  • 1982Pollution disclosures, pollution performance and economic performance279 cited
  • 1978An Investigation of the Information Content of (Certain) Social Responsibility Disclosures261 cited
  • 1992The Investment Performance of UK “Ethical” Unit Trusts226 cited
  • 1994The Performance Of Ethical Unit Trusts: Choosing An Appropriate Benchmark151 cited
  • 1983Narrative disclosures in annual reports

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  • 2007The Investment Performance of Socially Responsible Investment Funds in Australia169 cited
  • 2005The Financial Performance of a Socially Responsible Investment Over Time and a Possible Link with Corporate Social Responsibility165 cited
  • 2003The "Ethics" of Ethical Investing164 cited
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  • 2020Does responsible investing pay during economic downturns: Evidence from the COVID-19 pandemic141 cited
  • 2011Measuring Investors’ Socially Responsible Preferences in Mutual Funds124 cited
  • 2013Performance of Portfolios Composed of British SRI Stocks109 cited
  • 2015Reporting Biases in Empirical Management Research: The Example of Win-Win Corporate Social Responsibility94 cited
  • 2012Profiling socially responsible investors: Australian evidence93 cited
  • 2001Defining Ethical Investment and its Demography in Australia85 cited
  • 2015Socially responsible investing: a review of the critical issues82 cited
  • 2016Are environmental social governance equity indices a better choice for investors? An Asian perspective81 cited
  • 2011Assessing SRI fund performance research: Best practices in empirical analysis81 cited
  • 2014Exploring Factors that Influence Social Retail Investors’ Decisions: Evidence from Desjardins Fund78 cited
  • 201235 years of socially responsible investing (SRI) research: General trends over time62 cited
  • 2007Socially Responsible Investing: the green attitudes and grey choices of Australian investors60 cited