Socially Responsible Investment in Japanese Pensions

Henry Hongbo Jin, Olivia Mitchell and John Piggott ()

No 11747, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: As the level of retirement-related assets has grown, so too has public and private interest in so-called "Socially Responsible Investment" (SRI), an investment strategy that employs criteria other than the usual financial risk and return factors when selecting firms in which to invest. This study evaluates whether SRI indexes would alter portfolio risk and return patterns for the new defined contribution pension plans currently on offer in Japan. We conclude that SRI funds can be included as an option, albeit with some cost; consequently, mandatory investment in SRI portfolios cannot reasonably be justified.

JEL-codes: G11 G20 G23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fin and nep-sea
Date: 2005-11
Note: AG LS
View list of references

Downloads: (external link)
http://www.nber.org/papers/w11747.pdf (application/pdf)
Access to the full text is generally limited to series subscribers, however if the top level domain of the client browser is in a developing country or transition economy free access is provided. More information about subscriptions and free access is available at http://www.nber.org/wwphelp.html.

Related works:
Journal Article: Socially responsible investment in Japanese pensions (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:nbr:nberwo:11747

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w11747
The price is Paper copy available by mail.

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc
Address: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.
Contact information at EDIRC.
Series data maintained by ().