Title

The behaviour of socially responsible investments as financial assets

Document Type

Journal Article

Publisher

CPA Australia

School

School of Accounting, Finance and Business Economics

RAS ID

3604

Comments

Originally published as: Gerrans, P.A., Kristofferson, I., Clark-Murphy, M.C. (2004). The behaviour of socially responsible investments as financial assets. Australian Accounting Review. 14 (34), 10 - 20. Original article available here.

Abstract

This paper examines the behaviour of socially responsible investments (SRIs) as financial assets using a returns-based style analysis methodology. Conflicting views exist on the risks of SRIs in terms of their exposure to asset classes and industry sectors. This paper provides empirical evidence from a sample of Australian SRI managed funds. The sample SRI funds do not have strong consistent patterns in terms of style. They do not appear to represent a homogenous category of investments, and do not belong in an investment class of their own.

DOI

10.1111/j.1835-2561.2004.tb00236.x

 

Link to publisher version (DOI)

10.1111/j.1835-2561.2004.tb00236.x