Vice Vs Virtue Investing Around The World
Download Vice Vs Virtue Investing Around The World full books in PDF, epub, and Kindle. Read online free Vice Vs Virtue Investing Around The World ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Vice vs. Virtue Investing Around the World
Author | : Sebastian Lobe |
Publisher | : |
Total Pages | : 36 |
Release | : 2011 |
Genre | : |
ISBN | : |
Download Vice vs. Virtue Investing Around the World Book in PDF, Epub and Kindle
In this paper, we empirically test the extent to which a portfolio of socially not responsible firms screened out of a market portfolio will trade at a discount. We create a set of global and domestic sin indexes consisting of a large number of publicly traded socially not responsible stocks around the world belonging to what we label as the Sextet of Sin: adult entertainment, alcohol, gambling, nuclear power, tobacco, and weapons. We compare their stock market performance directly with a set of virtue comparables consisting of the most important in-ternational socially responsible investment indexes. Employing a multi-factor performance measurement framework and recent boot-strap procedures for robust performance testing, we find no compelling evidence in the data that ethical and unethical screens lead to a sig-nificant difference in their financial performance.
Vice vs. Virtue Investing Around the World Related Books
Pages: 36
Pages:
Pages: 401
Pages: 436
Pages: 756