Robust CSR Investment Screening

Filip Van den Bossche (), Nicky Rogge (), Kurt Devooght () and Tom Van Puyenbroeck
Additional contact information
Filip Van den Bossche: Hogeschool-Universiteit Brussel (HUB), Belgium
Nicky Rogge: Hogeschool-Universiteit Brussel (HUB), Belgium
Kurt Devooght: Hogeschool-Universiteit Brussel (HUB), Belgium
Tom Van Puyenbroeck: Hogeschool-Universiteit Brussel (HUB), Belgium

No 2009/05, Working Papers from Hogeschool-Universiteit Brussel, Faculteit Economie en Management

Abstract: Although a priori company screening is a constitutive feature of socially responsible investment (SRI) funds, it is not easy to substantiate that such screening effectively differentiates between companies on the basis of their Corporate Social Responsibility (CSR) calibre. Fundamentally, this is because CSR comprises several dimensions for which an undisputed aggregative model is lacking. We assess the robustness of companies CSR rankings with respect to several modelling assumptions. We then build on Ginis transvariation concept to select/reject specific companies in the SRI eligible universe of assets. We illustrate our approach with some specific screening issues as confronted by the ethical advisory committee of a large Belgian bank.

Keywords: Corporate Social Responsibility; Asset Selection; Composite Indicators; Robustness Analysis (search for similar items in EconPapers)
Pages: 20 pages
Date: 2009-02
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://lirias.hubrussel.be/bitstream/123456789/2471/1/09HRP05.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to lirias.hubrussel.be:443 (nodename nor servname provided, or not known)

Related works:
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: https://EconPapers.repec.org/RePEc:hub:wpecon:200905

Access Statistics for this paper

More papers in Working Papers from Hogeschool-Universiteit Brussel, Faculteit Economie en Management Contact information at EDIRC.
Bibliographic data for series maintained by Sabine Janssens ( this e-mail address is bad, please contact ).