Do ethics outpace sins?

Sitara Karim, Muhammad Abubakr Naeem and Brian Lucey

Finance Research Letters, 2022, vol. 47, issue PB

Abstract: The fundamental precept of alcohol and gambling stocks relates to higher return premiums, whereas ethical investments are pitched towards meeting environmental, social, and moral concerns of investors. Fostering this argument, the current study examines quantile coherencies among sin stocks, ethical investments and conventional markets. We report noteworthy quantile coherencies among markets at different frequencies reflecting higher diversification, safe-haven, and hedging potential of sustainable markets outpacing sin stocks and conventional markets. We proposed useful implications for practitioners, ethical investors, and policymakers.

Keywords: Conventional stocks; Ethical investments; Sin stocks; Quantile coherency (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612322002057
Full text for ScienceDirect subscribers only

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:eee:finlet:v:47:y:2022:i:pb:s1544612322002057

DOI: 10.1016/j.frl.2022.102945

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().