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THE FINANCIAL PERFORMANCE OF ETHICAL INVESTMENT FUNDS
6 references·16 citing·41 second hop
THE FINANCIAL PERFORMANCE OF ETHICAL INVESTMENT FUNDS (1995)THE FINANCIAL PERFORMANCE OF ETHICAL INVE…How to Rate Management of Investment Funds (2012)How to Rate Management of Inv…Differential Information and Performance Measurement Using a Security Market Line (1985)Differential Information and …A critique of the asset pricing theory's tests Part I: On past and potential testability of the theory (1977)A critique of the asset prici…Risk, The Pricing of Capital Assets, and The Evaluation of Investment Portfolios (1969)Risk, The Pricing of Capital …THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)THE PERFORMANCE OF MUTUAL FUN…Mutual Fund Performance (1966)Mutual Fund PerformanceEthical requirement and financial interest: a literature review on socially responsible investing (2014)Ethical requirement and finan…The Origins and Meanings of Names Describing Investment Practices that Integrate a Consideration of ESG Issues in the Academic Literature (2011)The Origins and Meanings of N…Green and Good? The Investment Performance of US Environmental Mutual Funds (2011)Green and Good? The Investmen…Socially Responsible Fixed‐Income Funds (2009)Socially Responsible Fixed‐In…Understanding Socially Responsible Investing: The Effect of Decision Frames and Trade-off Options (2008)Understanding Socially Respon…The Performance of European Socially Responsible Funds (2008)The Performance of European S…The Investment Performance of Socially Responsible Investment Funds in Australia (2007)The Investment Performance of…Is there a Difference? The Performance Characteristics of SRI Equity Indices (2006)Is there a Difference? The Pe…Do Socially Responsible Fund Managers Really Invest Differently? (2006)Do Socially Responsible Fund …Ethical Investment Revisited (2005)Ethical Investment RevisitedThe performance of socially responsible investments: Investment funds and indices (2004)The performance of socially r…Ethical Investment Processes and Outcomes (2004)Ethical Investment Processes …Corporate Social Responsibility and Financial Risk (2004)Corporate Social Responsibili…International Evidence on Ethical Mutual Fund Performance and Investment Style (2002)International Evidence on Eth…The Financial Performance of Ethical Investment Trusts: An Australian Perspective (2000)The Financial Performance of …Ethical Business and Investment: A Model for Business and Society (2000)Ethical Business and Investme…Exit, Voice, and Loyalty (1970)Maximizing shareholder value: a new ideology for corporate governance (2000)Do Institutional Investors Prefer Near‐Term Earnings over Long‐Run Value?* (2001)Some Determinants of the Socially Responsible Investment Decision: A Cross-Country Study (2007)It’s a Matter of Principle: The Role of Personal Values in Investment Decisions (2009)The Interaction Effect between ESG and Green Innovation and Its Impact on Firm Value from the Perspective of Information Disclosure (2020)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)Can ESG Indices Improve the Enterprises’ Stock Market Performance?—An Empirical Study from China (2019)The static and dynamic connectedness of environmental, social, and governance investments: International evidence (2020)Diversifier or more? Hedge and safe haven properties of green bonds during COVID-19 (2022)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Risk, Return, and Equilibrium: Empirical Tests (1973)The relationship between return and market value of common stocks (1981)Efficient Capital Markets: II (1991)The Adjustment of Stock Prices to New Information (1969)The arbitrage theory of capital asset pricing (1976)Efficiency of mutual funds and portfolio performance measurement: A non-parametric approach (1997)Evaluating Mutual Fund Performance (2001)The Conditional CAPM Does Not Explain Asset-Pricing Anomalies (2003)Multifactor Explanations of Asset Pricing Anomalies (1996)Does the stock market value the inclusion in a sustainability stock index? An event study analysis for German firms (2013)Corporate social responsibility versus corporate shareholder responsibility: A family firm perspective (2018)Embedding sustainability in risk management: The impact of environmental, social, and governance ratings on corporate financial risk (2022)AN EMPIRICAL EXAMINATION OF THE RELATIONSHIP BETWEEN CORPORATE SOCIAL RESPONSIBILITY AND PROFITABILITY. (1985)CORPORATE SOCIAL RESPONSIBILITY AND FIRM FINANCIAL PERFORMANCE. (1988)Toward a New Conception of the Environment-Competitiveness Relationship (1995)Does it cost to be sustainable? (2012)Financial, governance and environmental determinants of corporate social responsible disclosure (2014)The relationship between disclosures of corporate social performance and financial performance: Evidences from GRI reports in manufacturing industry (2015)The Behavior of Stock-Market Prices (1965)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Noise Trader Risk in Financial Markets (1990)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)
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References

  • 1968THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–19644,330 cited
  • 1966Mutual Fund Performance3,932 cited
  • 1977A critique of the asset pricing theory's tests Part I: On past and potential testability of the theory3,006 cited
  • 2012How to Rate Management of Investment Funds1,603 cited
  • 1969Risk, The Pricing of Capital Assets, and The Evaluation of Investment Portfolios941 cited
  • 1985Differential Information and Performance Measurement Using a Security Market Line352 cited

Cited by

  • 2006Is there a Difference? The Performance Characteristics of SRI Equity Indices317 cited
  • 2004Corporate Social Responsibility and Financial Risk299 cited
  • 2004Ethical Investment Processes and Outcomes276 cited
  • 2011Green and Good? The Investment Performance of US Environmental Mutual Funds275 cited
  • 2008The Performance of European Socially Responsible Funds240 cited
  • 2005Ethical Investment Revisited235 cited
  • 2004The performance of socially responsible investments: Investment funds and indices216 cited
  • 2002International Evidence on Ethical Mutual Fund Performance and Investment Style213 cited
  • 2011The Origins and Meanings of Names Describing Investment Practices that Integrate a Consideration of ESG Issues in the Academic Literature

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210 cited
  • 2000Ethical Business and Investment: A Model for Business and Society198 cited
  • 2014Ethical requirement and financial interest: a literature review on socially responsible investing189 cited
  • 2006Do Socially Responsible Fund Managers Really Invest Differently?187 cited
  • 2000The Financial Performance of Ethical Investment Trusts: An Australian Perspective179 cited
  • 2008Understanding Socially Responsible Investing: The Effect of Decision Frames and Trade-off Options176 cited
  • 2007The Investment Performance of Socially Responsible Investment Funds in Australia169 cited
  • 2009Socially Responsible Fixed‐Income Funds167 cited