Purpose This study aims to explain how socially responsible investing (SRI) has evolved in
the past few decades and sheds light on its latest developments. It describes different forms …

The change in the cost of capital that results from a divestiture strategy can be closely
approximated by a simple function of three parameters:(1) the fraction of socially conscious …

This paper investigates the impact of negative screening on the investment universe as well
as on financial performance. We come up with a novel identification process and as such …

We study the economic significance of social dimensions in investment decisions by
analyzing the holdings of US equity mutual funds over the period 2004–2012. Using these …

Using a large sample of firms from 37 countries over the period of 2007–2015, we
empirically analyse the impact of religion and national culture characteristics on the level of …

This study empirically analyses the exclusion of companies from investors' investment
universe due to a company's business model (sector-based exclusion) or due to a …

We compare the performance of 1126 US mutual funds deemed socially responsible to that
of a matching sample of conventional funds over the three-decade period January 1980 …

This paper investigates the effects of religious screening on payout behavior of US firms.
Shariah compliant (SC) indices serve as suitable sample as they are emerging as …

This paper examines the effects of negative screening on the financial performance of
sovereign wealth funds (SWFs). SWFs have been under pressure to invest responsibly and …

On the basis of unique data from an (online) representative web-based survey among
financial decision-makers in Germany, this paper empirically examines the relevance of …