Are sustainable investments profitable for investors in Central and Eastern European Countries (CEECs)?

被引：6

作者：

Janik, Bogna ^{[1
]}

Bartkowiak, Marcin ^{[2
,3
]}

机构：

[1] WSB Univ Poznan, Inst Econ & Finance, Dept Finance & Banking, Ul Powstancow Wielkopolskich 5, PL-61895 Poznan, Poland

[2] Poznan Univ Econ & Business, Dept Appl Math, Poznan, Poland

[3] Al Niepodleglosci 10, PL-61875 Poznan, Poland

来源：

FINANCE RESEARCH LETTERS | 2022年 / 44卷

关键词：

Socially Responsible Investment (SRI); Performance of Socially Responsible Portfolios; Responsible Business Practices; CEE Markets; PERFORMANCE; FUNDS; PRICE; DELETIONS; ADDITIONS; FIRM;

D O I：

10.1016/j.frl.2021.102102

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study analyzes the performance of socially responsible investment (SRI) in Central and Eastern European Countries (CEECs), and the extent to which a company's qualification for a given index affects its value. This evaluation refers only to the companies included in the CECE SRI and RESPECT indices. An event study and performance measures were applied. The results of the event study were checked by means of parametric and non-parametric tests. The research results show better performance of the RESPECT index among other indices. However, the event study findings are significantly different for the CECE SRI and RESPECT indices. A strong inclusion effect was observed only in the case of companies listed in the RESPECT index.

引用

页数：9

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