Efektywność społecznie odpowiedzialnych inwestycji finansowych europejskiego sektora asset management

• Authors: Marek Szturo

Title variants

EN

The Efficiency of Socially Responsible Investments Managed by the European Asset Management Companies

• Languages of publication: PL

Abstracts

EN

The noticeable growth of socially responsible investment provokes a discussion on the effects of application of the ethical, social and environmental criteria in the investment portfolios creation process. The research problems associated with it can be described as follows: Do the social, ethical and environmental criteria impact on the financial efficiency of managed funds? Do they enhance the opportunities for higher returns? The aim of the study was to evaluate the effectiveness of socially responsible equity funds managed by the European asset management companies. The author made comparisons of the socially responsible equity funds with the similar group of the conventional managed funds. There were used a conditional five factor model of regression to estimate the parameters of efficiency and risk. The results indicate that differences in the fund efficiency are not statistically significant. Taking into account the investment styles, both groups of funds have a similar exposure to risk factors.

Keywords

PL

Inwestowanie społecznie odpowiedzialne; Inwestycje finansowe; Społeczna odpowiedzialność biznesu; Statystyczna analiza porównawcza; Zarządzanie aktywami

EN

Asset management; Corporate Social Responsibility (CSR); Financial investment; Socially responsible investing (SRI)

• Publisher: Uniwersytet Ekonomiczny w Katowicach
• Journal: Studia Ekonomiczne
• Year: 2014
• Volume: 186 cz 2
• Pages: 301-309

Contributors

author

Marek Szturo

References

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Identifiers

ISSN

2083-8611