How risky are the socially responsible investment (SRI) stocks? Evidence from the Central and Eastern European (CEE) companies

Janusz Brzeszczynski, Jerzy Gajdka and Tomasz Schabek

Finance Research Letters, 2021, vol. 42, issue C

Abstract: We evaluate the risk of the socially responsible investment (SRI) stocks from the Central and Eastern European (CEE) markets. Our analysis covers the data from the first and oldest national sustainability stock market index introduced in the CEE countries, i.e. the RESPECT index listed at the Warsaw Stock Exchange (WSE) in Poland, which was launched in 2009. The RESPECT index stocks are compared with other CEE stocks belonging to the CECE SRI index from the broader CEE region listed at the Vienna Stock Exchange (VSE).

Keywords: Sustainability; Stock market risk; Socially responsible investment (SRI); CEE markets; Asymmetric risk behavior (search for similar items in EconPapers)
JEL-codes: C20 G11 G12 G15 M14 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:42:y:2021:i:c:s1544612321000209

DOI: 10.1016/j.frl.2021.101939

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