References
- Abramson, L., Chung, D. (2000). Socially Responsible Investing: Viable for Value Investors? Journal of Investing, 9(3),73-80.
- Adler, T., Kritzman, M. (2008). The Cost of Socially Responsible Investing. The Journal of Portfolio Management, 35(1), 52-56.
- Ali, P., Gold, M. (2002). Analysing the Cost of Ethical Investment. JASSA, 3, 9-14.
- Asmundson, P., Foerster, S.R. (2001). Socially Responsible Investing: Better for Your Soul or Your Bottom Line? Canadian Investment Review, 14(4), 26-34.
- Auer, B. (2016). Do Socially Responsible Investment Policies Add or Destroy European Stock Portfolio Value? Journal of Business Ethics, 135, 381-391.
- Auer, B., Schuhmacher F. (2016). Do Socially (Ir)Responsible Investments Pay? New Evidence from International ESG data. The Quarterly Review of Economics and Finance, 59, 51-62.
- Barnett, M., Salomon, R. (2006). Beyond Dichotomy: The Curvilinear Relationship Between Social Responsibility and Financial Performance. Strategic Management Journal, 27, 1101-1122.
- Bauer, R., Derwall, J., Otten, R. (2006). The Ethical Mutual Fund Performance Debate: New Evidence from Canada. Journal of Business Ethics, 70(2), 111-124.
- Beabout, G.R., Schmiesing, K.E. (2003). Socially Responsible Investing: An Application of Catholic Social Though. Logos, 6(1), 63-99.
- Bello, Z. (2005). Socially Responsible Investing and Portfolio Diversification. The Journal of Financial Research, 28(1), 41-57.
- Benson, K.L., Brailsford, T.J., Humphrey, J.E. (2006). Do Socially Responsible Fund Managers Really Invest Differently?, Journal of Business Ethics, 65(4), 337-357.
- Boatright, J. (1999). Ethics in Finance. Oxford: Blackwell Publishers.
- Brammer, S., Brooks, C., Pavelin, S. (2006). Corporate Social Performance and Stock Returns: UK Evidence from Disaggregate Measures. Financial Management, 35(3), 97-116.
- Carhart, M. (1997). On Persistence in Mutual Fund Performance. The Journal of Finance, 52(1), 57-82.
- Chong, J., Her, M., Phillips, G.M. (2006). To Sin or not to Sin? Now That’s the Question. Journal of Asset Management, 6, 406-417.
- Cliement, F., Soriano, P. (2011). Green and Good? The Investment Performance of US Environmental Mutual Funds. Journal of Business Ethics, 103(2), 275-287.
- Colisson, D., Cobb, G., Power, D., Stevenson, L. (2008). The Financial Performance of the FTSE4Good Indices. Corporate Social Responsibility and Environmental Management, 15, 14-28.
- Core, J., Guay, W., Rusticus, T. (2006). Does Weak Governance Cause Weak Stock Returns? An Examination of Firm Operating Performance and Investors’ Expectations. Journal of Finance, 56(2), 655-687.
- Cortez, M.C., Silva, F., Areal, N. (2009). The Performance of European Socially Responsible Funds. Journal of Business Ethics, 87(4), 573-588.
- Cortez, M.C., Silva, F., Areal, N. (2012). Socially Responsible Investing in the Global Market: The Performance of US and European Funds. International Journal of Finance and Economics, 17(3), 254-271.
- Cummings, L. (2000). The Financial Performance of Ethical Investment Trusts: an Australian Perspective. Journal of Business Ethics, 25(1),79-92.
- Demystifying Responsible Investment Performance (2007) (Joint report by The Asset Management Working Group of the United Nations Environment Program Finance Initiative and Mercer). Retrieved from http://www.unepfi.org/fileadmin/documents/Demystifying_Responsible_Investment_Performance_01.pdf.
- Derwall, J., Gunster, N., Bauer, R., Koedijk, K. (2004). The Eco-Efficency Premium Puzzle. Financial Analysts Journal, 61(2), 51-63.
- Does Socially Responsible Investing Hurt Investment Returns? (2007). (Philips, Hager & North Report). Retrieved from http://www.financite.be/sites/default/files/references/files/2177.pdf.
- Does Socially Responsible Investing Hurt Investment Returns? (2012). RBC Global Asset Management. Retrieved from http://funds.rbcgam.com/_assets-custom/pdf/RBC-GAM-does-SRI-hurt-investment-returns.pdf.
- Domini, A., Kinder, P. (1984). Ethical Investment, New York: Addison-Wesley.
- Edmans, A. (2011). Does the Stock Market Fully Value Intangibles? Employee Satisfaction and Equity Prices. Journal of Financial Economics, 101(3), 621-640.
- Fama, E. F., French, K.R. (1993). Common Risk Factors in the Returns on Stocks and Bonds. Journal of Financial Economics, 33(1), 3-56.
- Fernandez-Izquierdo, A., Matallin-Saez, J.C. (2008). Performance of Ethical Mutual in Spain: Sacrifice or Premium? Journal of Business Ethics, 81(2), 247-260.
- Geczy, C., Stambaugh, R., Levin, D. (2005). Investing in Socially Responsible Mutual Funds. Working paper, Wharton School.
- Girard, E., Rahman, H., Stone, B. (2007). Socially Responsible Investments: Goody-Two-Shoes or Bad to the Bone. Journal of Investing, 16(1), 96-110.
- Greenwald, Ch. (2010), ESG and Earnings Performance. Retrieved from http://www.thomsonreuters.com/products/financial-risk/content/07_008/esg-and-earnings-performance.pdf).
- Gregory, A., Matako, J., Luther, R. (1997). Ethical Unit Trust Financial Performance: Small Company Effects and Fund Size Effects. Journal of Business Finance and Accounting. 24(5), 705-725.
- Halbritter, G., Dorfleitner, G. (2015). The Wages of Social Responsibility — Where Are They? A Critical Review of ESG Investing. Review of Financial Economics, 26, 25-35.
- Haveman, R., Webster, P. (1999). Does Ethical Investment Pay? (Ethical Investment Research Center). Retrieved from www.eiris.org/files/research%20publications/doesethicalinvestmentpay99.pdf.
- Hamilton, S., Jo, H., Statman, M., (1993). Doing Well While Doing Good? The Investment Performance of Socially Responsible Mutual Funds. Financial Analysts Journal, 47(6), 62-66.
- Hong, H., Kacperczyk, M. (2009). The Price of Sin: The Effects of Social Norms on Markets. Jorunal of Financial Economics, 93, 15-36.
- Humphrey, J.E., Warren, G.J., Boon, J. (2016). What is Different about Socially Responsible Funds? A Holdings Based Analysis. Journal of Business Ethics, 138, 263-277.
- Humphrey, J., Tan, D. (2014). Does it Really Hurt to be Responsible? Journal of Business Ethics, 122(3), 375-386.
- Jo, H., Saha, T., Sharma, R., Wright, S. (2010). Socially Responsible Investing vs. Vice Investing. Working Paper, Santa Clara University.
- Kempf, A., Osthoff P. (2007). The Effect of Socially Responsible Investing on Portfolio Performance. European Financial Management, 13(5), 908-922.
- Kreander, N., Gray, R.H., Power, D.M., Sinclair, C.D. (2005). Evaluating the Performance of Ethical and Non-ethical Funds: A Matched Pair Analysis. Journal of Business Finance & Accounting, 32(7-8), 1465-1493.
- Kurtz, L. (1997). No Effect or no Net Effect. Studies on Socially Responsible Investing. Journal of Investing, 6(4), 37-49.
- Kurtz, L. (2005). Answer to Four Questions. The Journal of Investing, 14(3), 125-139.
- Kurtz, L. (2008). Socially Responsible Investment and Shareholder Activism. In A. Crane, A. McWilliams, D. Matten, J. Moon, D.S. Siegel (Eds.). The Oxford Handbook of Corporate Social Responsibility. Oxford: Oxford University Press.
- Leite, P., Cortez, M.C. (2015). Performance of European Socially Responsible Funds During Market Crises: Evidence from France. International Review of Financial Analysis, 40, 131-141.
- Lev, B., Sarath, B., Sougiannis, T. (2005). R&D Reporting Biases and their Consequences. Contemporary Accounting Research, 22(4), 977-1026.
- Luck, C., Tigrani, V. (1994). Ethical Investing and the Returns to Sinful Industries, BARRA Newsletter. Retrieved from http://www.barra.com/research/BarraPub/sinful-n.aspx.
- Mallin, C., Saadouni, B., Briston, R.J. (1995). The Financial Performance of Ethical Investment Funds. Journal of Business Finance & Accounting, 22(4), 483-496.
- Managi, S., Okimoto, T., Matsuda, A. (2012). Do Socially Responsible Investment Indexes Outperform Conventional Indexes?, Applied Financial Economics, 22(18), 1511-1527.
- Mas, A. (2008). Labor Unrest and the Quality of Production: Evidence from the Construction Equipment Resale Market. Review of Economic Studies, 75, 229-258.
- Moskowitz, M. (1972). Choosing Socially Responsible Stocks. Business and Society, 1, 71-75.
- Nakai, M., Yamaguchi, K., Takeuchi, K. (2013). Sustainability Membership and Stock Price: An Empirical Study Using the Morningstar-SRI Index. Applied Financial Economics, 23, 71-77.
- Sharpe, F. (1964). Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk. The Journal of Finance, 19(3), 425-442.
- Platinga, A., Scholtens, B. (2001). Socially Responsible Investing and Management Style of Mutual Funds in the Euronext Stock Markets. Retrieved from: http://www.rug.nl/research/portal/files/3101236/01E17.pdf.
- Rathner, S. (2013). The Influence of Primary Study Characteristics on the Performance Differential Between Socially Responsible and Conventional Investment Funds: A Meta-Analysis. Journal of Business Ethics, 118(2), 349-363.
- Renneboog, L., Horst, J.T., Zhang, C. (2008a). Socially Responsible Investments: Institutional Aspects, Performance and Investor Behavior. Journal of Banking and Finance, 32(9) 1723-1742.
- Renneboog, L., Horst, J.T., Zhang, C. (2008b). The Price of Ethics and Stakeholder Governance: The Performance of Socially Responsible Mutual Funds. Journal of Corporate Finance, 14(3), 302-322.
- Revelli, C., Viviani, J.L. (2013). The Link Between SRI and Financial Performance: Effects and Moderators. Management International, 17(2), 105-122.
- Rudd, A. (1981). Social Responsibility and Portfolio Performance. California Management Review, Vol. 23, 55-61.
- Scholtens, B. (2005). Style and Performance of Dutch Socially Responsible Investment Funds. Journal of Investing, 14(1), 63-72.
- Schroeder, M. (2003). Socially Responsible Investments in Germany, Switzerland and the United States (ZEW Discussion Papers). Retrieved from http://www.econstor.eu/bitstream/10419/24813/1/dp0310.pdf.
- Shank, T.M., Manullang, D.K., Hill, R.P. (2005). Is It Better to be Naughty or Nice? Journal of Investing, 14(3), 82-87.
- Statman, M. (2000). Socially Responsible Mutual Funds. Financial Analysis Journal, 56(3), 30-39.
- Statman, M., Glushkov, D. (2009). The Wages of Social Responsibility. Financial Analysts Journal, 64(4), 33-46.
- Treynor, J., Mazuy, F. (1996). Can Mutual Funds Outguess the Market?, Harvard Business Review, 45, 131-136.
- Tripathi, V., Bhandari, V. (2016). Performance Evaluation of Socially Responsible Stocks Portfolios across Sectors during Different Economic Conditions. Journal of Management Research, 16(2), 87-105.
- Vermeir, W., Van de Velde, E., Corten, F. (2005). Sustainable and Responsible Performance, Journal of Investing, 14(3), 94-100.
- Viviers, S., Eccles, N.S. (2012). 35 Years of Socially Responsible Investing (SRI) Research – General Trends Over Time. South African Journal of Business Management, 43(4), 1-16.
- Von Wallis, M., Klein, Ch., (2015). Ethical Requirement and Financial Interest: a Literature Review on Socially Responsible Investing. Business Research, 8, 61–98.