The link between SRI and financial performance: effects and moderators

Christophe Revelli and Jean-Laurent Viviani ()
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Christophe Revelli: Euromed Marseille - École de management - Association Euromed Management - Marseille

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Abstract: Over the last twenty years, the debate on financial performance of socially responsible investment (SRI) has not yielded a clear consensus, arguing mainly that there was no difference in performance between SRI and 'conventional' investment, although SRI could underperform or outperform in some cases. Our research, based on a metaanalysis 'vote-counting' approach of the empirical literature, allows us to observe that the effects of SRI on financial performance are multiple. Second, we conclude that the financial performance of SRI is radically changing according to the empirical methods employed by researchers.

Keywords: SRI; ethical investment; financial performance; socially responsible investment; SRI. (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (7)

Published in Management international = International management = Gestión internacional, 2013, 17 (2), pp.105-122. ⟨10.7202/1015403ar⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00869921

DOI: 10.7202/1015403ar

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