التفاصيل البيبلوغرافية
| العنوان: |
Impact of Ethical Screening on Investment Performance in India. |
| المؤلفون: |
Chelawat, Hemlata1 hemlatac.jain@gmail.com, Trivedi, I. V.2 ivtrivedi@rediffmail.com |
| المصدر: |
IUP Journal of Financial Risk Management. Dec2013, Vol. 10 Issue 4, p16-34. 19p. |
| مصطلحات موضوعية: |
Ethical investments, Investors, Financial institutions, Social values, Corporate environmentalism, Social responsibility of business |
| مصطلحات جغرافية: |
India |
| مستخلص: |
Ethical investment means integrating investment decisions with concerns for the environment and society. It is broadly about management of financial resources in a responsible way that maximizes financial returns together with social and environmental good. Interest in ethical finance has been growing in the investor community around the world. Despite the growing interest of investors and institutions, the integration of environmental and social values in investment decision making remains a debatable issue. The key issue in the debate is the relationship between corporate environmental and social performance and financial performance. Traditional investment theories do not consider these criteria and base their investment decisions exclusively on risk-adjusted return. This paper analyzes the risk-return performance of a portfolio in which portfolio selection is based on multidimensional criteria, i.e., it uses Environmental, Social and Governance (ESG) criteria in addition to traditional criteria of risk and return. It is the first study which attempts to analyze the performance of an ESG portfolio in one of the largest emerging market economies, India. The study finds that ethical investment yields superior performance as compared to benchmark portfolio, thus making a case for integration of ESG criteria in investment decisions. [ABSTRACT FROM AUTHOR] |
| قاعدة البيانات: |
Finance Source |