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As Featured in the Islamic Finance Resources Blog
There is much that one can learn from the world of conventional finance, this is
true for its many success stories as well as its most blatant failings. Featured
below is a short selection of some of the most quoted and/or noteworthy research
from recent years:
Cleaning a
Passive Index: How to Use Portfolio Optimization to Satisfy CSR Constraints
Moshe A. Milevsky, Andrew R. Aziz, Allen Goss, Jane Thomson, David Wheeler
December 2004
Does Ethical
Investment Pay?
Ross Havemann, Peter Webster
September 1999
Evaluating
the Performance of Ethical and Non-Ethical Funds: A Matched Pair Analysis
N. Kreander, R. H. Gray, D.M. Power, C. D. Sinclair
September 2005
Guidelines
for Integrating Socially Responsible Investment in the Investment Process
Frank Jan De Graaf, Alfred Slager
September 2006
International Evidence on Ethical Mutual Fund Performance and Investment Style
Rob Bauer, Roger Otten, Kees C. G. Koedijk
March 2002
Investing in
Socially Responsible Mutual Funds
Christopher Geczy, Robert F. Stambaugh, David Levin
October 2005
Is there a Difference?
The Performance Characteristics of SRI Equity Indexes
Michael Schroder
July 2005
Measuring
The Performance Of Ethical Mutual Funds: A DEA Approach
Antonella Basso, Stefania Funari
January 2002
Socially Responsible Investing and Management Style of Mutual Funds in the
Euronext Stock Markets
Auke Plantinga, Bert Scholtens
May 2001
Socially
Responsible Investing in the Global Market: The Performance of US and European
Funds
Maria Ceu Cortez, Florinda Silva, Nelson Areal
February 2009
Socially
Responsible Investment Screening: Strong Evidence of No Significant Cost for
Actively Managed Portfolios
Bernell K. Stone, John B. Guerard, Jr., Mustafa N. Gultekin, Greg Adams
June 2001
Socially
Responsible Investments in Germany, Switzerland and the United States : An
Analysis of Investment Funds and Indices
Michael Schroder
September 2003
Socially Responsible Investments: Methodology, Risk Exposure and Performance
Jenke Ter Horst, Chendi Zhang, Luc Renneboog
June 2007
Socially
Responsible Investors and Their Advisors
Meir Statman
November 2007
The Cost of Socially Responsible Investing
Tim Adler
May 2008
The Cost of
Socially Responsible Portfolios: Testing for Mean-Variance Spanning
Rients Galema, Auke Plantinga, Bert Scholtens
February 2009
The
Determinants of Sin Stock Returns: Evidence on the European Market
Julie M. Salaber
November 2007
The Ethical
Mutual Fund Performance Debate: New Evidence From Canada
Rob Bauer, Jeroen Derwall, Roger Otten
January 2007
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