The behaviour of socially responsible investments as financial assets
Document Type
Journal Article
Keywords
[RSTDPub], socially responsible investments, managed funds, finance, assets
Publisher
CPA Australia
School
School of Accounting, Finance and Business Economics
RAS ID
3604
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.
Comments
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. Available here.