Does Relative Performance of Socially Responsible Investing Increase With Financial Risk? (Czy relatywna efektywnosc inwestowania odpowiedzialnego spolecznie wzrasta wraz z ryzykiem finansowym?)

Pawel Sliwinski () and Maciej Lobza
Additional contact information
Pawel Sliwinski: Associate Professor at Poznan University of Economics and Business
Maciej Lobza: Poznan University of Economics and Business, Department of International Finance

Problemy Zarzadzania, 2019, vol. 17, issue 83, 212-228

Abstract: The research paper positively verified the research hypothesis that the relative financial performance of investments in socially responsible indices against the performance of conventional indices may go up as the global financial risk, measured by the VIX index, increases. Socially Responsible Investing can be rational from the financial point of view. In addition to the ethical aspect, it may fulfill the function of protecting the investment portfolio in periods characterized by a high level of global risk. The hypothesis was tested using statistical research based on a comparative portfolio analysis of the geographically diverse SRI indices (RESPECT Index and DJSI) against the reference points which were the territorially relevant conventional stock indices (WIG20TR and DJITR).

Keywords: Socially Responsible Investments; RESPECT Index; investment performance (search for similar items in EconPapers)
JEL-codes: G11 G41 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
https://press.wz.uw.edu.pl/ems/vol17/iss83/13 (application/pdf)
http://pz.wz.uw.edu.pl/en (text/html)

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:sgm:pzwzuw:v:17:i:83:y:2019:p:212-228

Access Statistics for this article

More articles in Problemy Zarzadzania from University of Warsaw, Faculty of Management Contact information at EDIRC.
Bibliographic data for series maintained by ().