Are Ethical Investments Good?
| dc.contributor.author | Chow, G. | |
| dc.contributor.author | Durand, Robert | |
| dc.contributor.author | Koh, S. | |
| dc.date.accessioned | 2017-01-30T10:37:57Z | |
| dc.date.available | 2017-01-30T10:37:57Z | |
| dc.date.created | 2014-11-16T20:00:33Z | |
| dc.date.issued | 2014 | |
| dc.identifier.citation | Chow, G. and Durand, R. and Koh, S. 2014. Are Ethical Investments Good? Australian Journal of Management. 39 (4): pp. 645-665. | |
| dc.identifier.uri | http://hdl.handle.net/20.500.11937/4286 | |
| dc.identifier.doi | 10.1177/0312896213516327 | |
| dc.description.abstract |
Our study considers whether ethical investments are also good investments. In contrast with previous studies, we utilize long-run event study methodology to examine abnormal returns associated with firms being included in, and dropped from, the MSCI KLD400 Social Index (MSCIKLD400). We find that there are positive and statistically significant long-run abnormal returns for firms being included in the MSCI KLD400. These abnormal returns are associated with higher shareholdings by institutional investors (who are subject to higher public scrutiny), higher analyst coverage and higher growth opportunities. | |
| dc.publisher | Sage Publications | |
| dc.subject | socially responsible investing | |
| dc.subject | MSCI KLD400 Social Index | |
| dc.subject | portfolio choice | |
| dc.title | Are Ethical Investments Good? | |
| dc.type | Journal Article | |
| dcterms.source.volume | 39 | |
| dcterms.source.number | 4 | |
| dcterms.source.startPage | 645 | |
| dcterms.source.endPage | 665 | |
| dcterms.source.issn | 0312-8962 | |
| dcterms.source.title | Australian Journal of Management | |
| curtin.department | School of Economics and Finance | |
| curtin.accessStatus | Fulltext not available |