References
- Ang, W. R. 2015. “Sustainable Investment in Korea Does Not Catch a Cold when the United States Sneezes.” Journal of Sustainable Finance & Investment 5 (1–2): 16–26. doi: 10.1080/20430795.2015.1042737
- Ang, W. R., G. N. Gregoriou, and H. H. Lean. 2014. “Market-Timing Skills of Socially Responsible Investment Fund Managers: The Case of North America versus Europe.” Journal of Asset Management (online first publication October 2). doi:10.1057/jam.2014.34. doi: 10.1093/acprof:oso/9780199959327.001.0001
- Bauer, R., K. Koedijk, and O. Roger. 2005. “International Evidence on Ethical Mutual Fund Performance and Investment Style.” Journal of Banking & Finance 29: 1751–1767. doi: 10.1016/j.jbankfin.2004.06.035
- Berk, J., and P. DeMarzo. 2007. Corporate Finance (Pearson International Edition). Boston: Pearson.
- Chatterji, A., R. Durand, D. Levine, and S. Touboul. 2015. “Do Ratings of Firms Converge? Implications for Strategy Research.” Strategic Management Journal (online first publication August 11). doi:10.1002/smj.2407.
- Dorfleitner, G., G. Halbritter, and M. Nguyen. 2015. “Measuring the Level and Risk of Corporate Responsibility - An Empirical Comparison of Different ESG Rating Approaches.” Journal of Asset Management 16: 450–466. doi: 10.1057/jam.2015.31
- Dorfleitner, G., M. Leidl, and J. Reeder. 2012. “Theory of Social Returns in Portfolio Choice with Application to Microfinance.” Journal of Asset Management 13: 348–400. doi: 10.1057/jam.2012.18
- Dorfleitner, G., and S. Utz. 2012. “Safety First Portfolio Choice based on Financial and Sustainability Returns.” European Journal of Operational Research 221 (1): 155–164. doi: 10.1016/j.ejor.2012.02.034
- Galema, R., A. Plantinga, and B. Scholtens. 2008. “The Stocks at Stake: Return and Risk in Socially Responsible Investment.” Journal of Banking & Finance 32: 2646–2654. doi: 10.1016/j.jbankfin.2008.06.002
- Hong, H., and M. Kacperczyk. 2009. “The Price of Sin: The Effects of Social Norms on Markets.” Journal of Financial Economics 93 (1): 15–36. doi: 10.1016/j.jfineco.2008.09.001
- Humphrey, J. E., D. D. Lee, and Y. Shen. 2011. “The Independent Effects of Environmental, Social and Governance Initiatives on the Performance of UK Firms.” Australian Journal of Managment 37 (2): 135–151. doi: 10.1177/0312896211410081
- Jessen, P. 2012. “Optimal Responsible Investment.” Applied Financial Economics 22 (21): 1827–1840. doi: 10.1080/09603107.2012.684786
- Kempf, A., and P. Osthoff. 2007. “The Effect of Socially Responsible Investing on Portfolio Performance.” European Financial Management 13 (5): 908–922. doi: 10.1111/j.1468-036X.2007.00402.x
- Kinder, P. D., and A. L. Domini. 1997. “Social Screening: Paradigms Old and New.” Journal of Investing 6 (4): 12–19. doi: 10.3905/joi.1997.408443
- Lean, H. H., W. R. Ang, and R. Smyth. 2015. “Performance and Performance Persistence of Socially Responsible Investment Funds in Europe and North America.” The North American Journal of Economics and Finance 34: 254–266. doi: 10.1016/j.najef.2015.09.011
- Lee, D. D., and R. W. Faff. 2009. “Corporate Sustainability Performance and Idiosyncratic Risk: A Global Perspective.” The Financial Review 44: 213–237. doi: 10.1111/j.1540-6288.2009.00216.x
- Lintner, J. 1965. “The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets.” Review of Economics and Statistics 47 (1): 13–37. doi: 10.2307/1924119
- Markowitz, H. 1952. “Portfolio Selection.” The Journal of Finance 7 (1): 77–91.
- Markowitz, H. 1959. Portfolio Selection – Efficient Diversification of Investments (2nd ed.). Cambridge, MA: Basil Blackwell.
- Renneboog, L., J. T. Horst, and C. Zhang. 2008. “Socially Responsible Investments: Institutional Aspects, Performance, and Investor Behavior.” Journal of Banking & Finance 32: 1723–1742. doi: 10.1016/j.jbankfin.2007.12.039
- Schueth, S. 2003. “Socially Responsible Investing in the United States.” Journal of Business Ethics 3 (3): 189–194. doi: 10.1023/A:1022981828869
- Schwartz, M. S. 2003. “The ‘Ethics’ of Ethical Investing.” Journal of Business Ethics 43 (3): 195–213. doi: 10.1023/A:1022933912939
- Sharpe, W. F. 1964. “Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk.” Journal of Finance 19: 425–442.
- Statman, M. 2006. “Socially Responsible Indexes: Composition, Performance, and Tracking Error.” The Journal of Portfolio Management 32 (3): 100–109. doi: 10.3905/jpm.2006.628411
- Statman, M., and D. Glushkov. 2009. “The Wages of Social Responsibility.” Financial Analysts Journal 65 (4): 33–46. doi: 10.2469/faj.v65.n4.5
- US SIF (2012). Report on Sustainable and Responsible Investing Trends in the United States 2012. US SIF Foundation Forum for Sustainable and Responsible Investment, http://www.ussif.org.
- US SIF (2014). Report on US Sustainable, Responsible and Impact Investing Trends 2014. US SIF Foundation. Forum for Sustainable and Responsible Investment, http://www.ussif.org.
- Utz, S., M. Wimmer, M. Hirschberger, and R. E. Steuer. 2014. “Tri-Criterion Inverse Portfolio Optimization with Application to Socially Responsible Mutual Funds.” European Journal of Operational Research 234 (2): 491–498. doi: 10.1016/j.ejor.2013.07.024