Student or educator? Sign up with your school email and get 6 months of Pro free.
Cited by 1,753

The DOI matches its Crossref record; 8 of the 8 references it cites were found in a registry or an index.

Socially responsible investments: Institutional aspects, performance, and investor behavior

Renneboog, Luc, Ter Horst, Jenke, Zhang, Chendi·2008·Journal of Banking & Finance

Overview

The claims and statistics of this paper haven’t been checked yet.

Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.

A few free checks a day · papers already verified open instantly · results are public

Integrity signals

Registry

Crossref · 10.1016/j.jbankfin.2007.12.039

Cites

8 of 8 references verified0 citation errors · 0 not checkable

Statistics

Verification

Claims the paper makes

The claims and statistics of this paper haven’t been checked yet.

Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.

A few free checks a day · papers already verified open instantly · results are public

Self-check

Percentages, sums and reported differences re-computed from the paper’s own numbers.

The self-check needs the paper’s full text.

Citations

Cites

Research works printed but not linked: 55

  1. Bagnoli, 2003, Selling to socially responsible consumers: competition and the private provision of public goods, Journal of Economic Management and Strategy, 12, 419, 10.1162/105864003322309536 · DOI
  2. Barnea, 2005, Green investors and corporate investment, Structural Change and Economic Dynamic, 16, 332, 10.1016/j.strueco.2004.04.002 · DOI
  3. Barnett, 2006, The curvilinear relationship between social responsibility and financial performance, Strategic Management Journal, 27, 1101, 10.1002/smj.557 · DOI · Paper page
  4. Baron, 2001, Private politics, corporate social responsibility, and integrated strategy, Journal of Economic Management and Strategy, 10, 7, 10.1162/105864001300122548 · DOI · Paper page
  5. Bauer, 2004, Empirical evidence on corporate governance in Europe, Journal of Asset Management, 5, 91, 10.1057/palgrave.jam.2240131 · DOI
  6. Bauer, 2005, International evidence on ethical mutual fund performance and investment style, Journal of Banking and Finance, 29, 1751, 10.1016/j.jbankfin.2004.06.035 · DOI · Paper page
  7. Bauer, 2007, The ethical mutual funds performance debate: New evidence for Canada, Journal of Business Ethics, 70, 111, 10.1007/s10551-006-9099-0 · DOI · Paper page
  8. Bauer, 2006, Ethical investing in Australia: Is there a financial penalty?, Pacific-Basin Finance Journal, 14, 33, 10.1016/j.pacfin.2004.12.004 · DOI
  9. Becht, M., Franks, J., Mayer, C., Rossi, S., 2006. Returns to shareholder activism evidence from a clinical study of the Hermes UK focus fund. Working Paper, European Corporate Governance Institute. · DOI · Paper page
  10. Besley, T., Ghatak, M., 2006. Retailing public goods: The economics of corporate social responsibility. Working Paper, London School of Economics. · DOI · Paper page
  11. Bollen, 2007, Mutual fund attributes and investor behavior, Journal of Financial and Quantitative Analysis, 42, 683, 10.1017/S0022109000004142 · DOI · Paper page
  12. Brekke, K., Nyborg, K., 2005. Moral hazard and moral motivation: Corporate social responsibility as labour market screening. Working Paper, The Ragner Frisch Centre for Economic Research, Oslo. · DOI
  13. Cremers, 2005, Governance mechanisms and equity prices, Journal of Finance, 60, 2859, 10.1111/j.1540-6261.2005.00819.x · DOI · Paper page
  14. Dasgupta, 2001, Pollution and capital markets in developing countries, Journal of Environmental Economics and Management, 42, 310, 10.1006/jeem.2000.1161 · DOI
  15. Dowell, 2000, Do corporate global environment standards creates or destroy market value?, Management Science, 46, 1059, 10.1287/mnsc.46.8.1059.12030 · DOI · Paper page
  16. Ethical Investment Association (EIA), 2001, 2002, 2003, 2005. Socially Responsible Investments in Australia. Available at: <http://www.eia.org.au>.
  17. European Sustainable and Responsible Investment Forum (Eurosif), 2003, 2005, 2006. Socially Responsible Investment Among European Institutional Investors. Available at: <http://www.eurosif.org>.
  18. Fauver, 2006, Does good corporate governance include employee representation? Evidence from German corporate boards, Journal of Financial Economics, 82, 673, 10.1016/j.jfineco.2005.10.005 · DOI
  19. Fombrun, 1990, What’s in a name? reputation building and corporate strategy, Academy of Management Journal, 33, 233, 10.2307/256324 · DOI
  20. Glaeser, 1998, Neither a borrower nor a lender be: An economic analysis of interest restrictions and usury laws, Journal of Law and Economics, 41, 1, 10.1086/467383 · DOI
  21. Goergen, M., Renneboog, L., in press. The social responsibility of major shareholders. In: Aras, G., Crowther, D. (Eds.), The Gower Handbook of Corporate Governance and Social Responsibility. Gower Publishers. · DOI
  22. Goldreyer, 1999, The performance of socially responsible mutual funds: Incorporating sociopolitical information, Journal of Financial Research, 28, 41
  23. Gregory, 1997, Ethical unit trust financial performance: Small company effects and fund size effects, Journal of Business Finance and Accounting, 24, 705, 10.1111/1468-5957.00130 · DOI · Paper page
  24. Grossman, 1986, Financial implications of South African divestment, Financial Analysts Journal, 42, 15, 10.2469/faj.v42.n4.15 · DOI
  25. Guerard, 1997, Additional evidence on the cost of being socially responsible in investing, Journal of Investing, 6, 31, 10.3905/joi.1997.408433 · DOI
  26. Hallerbach, 2004, A framework for managing a portfolio of socially responsible investments, European Journal of Operational Research, 153, 517, 10.1016/S0377-2217(03)00172-3 · DOI
  27. Hamilton, 1995, Pollution as news: Media and stock market reactions to the toxics release inventory data, Journal of Environmental Economics and Management, 28, 98, 10.1006/jeem.1995.1007 · DOI
  28. Hamilton, 1993, Doing well while doing good? The investment performance of socially responsible mutual funds, Financial Analysts Journal, 49, 62, 10.2469/faj.v49.n6.62 · DOI
  29. Heal, G., 2005. Corporate social responsibility: An economic and financial framework. The Geneva Papers on Risk and Insurance – Issues and Practice, pp. 1–23. · DOI
  30. Heinkel, 2001, The effect of green investment on corporate behavior, Journal of Financial and Quantitative Analysis, 35, 431, 10.2307/2676219 · DOI · Paper page
  31. Henriksson, 1981, On market timing and investment performance II statistical procedures for evaluating forecasting skills, Journal of Business, 54, 513, 10.1086/296144 · DOI
  32. Hillman, 2001, Shareholder value, stakeholder management, and social issues: What’s the bottom line?, Strategic Management Journal, 22, 125, 10.1002/1097-0266(200101)22:2<125::AID-SMJ150>3.0.CO;2-H · DOI
  33. Hong, H., Kacperczyk, M., 2005. The price of sin: The effect of social norms of markets. Working Paper, Princeton University. · DOI
  34. Jensen, 2001, Value maximization, stakeholder theory, and the corporate objective function, Journal of Applied Corporate Finance, 14, 10.1111/j.1745-6622.2001.tb00434.x · DOI · Paper page
  35. Jensen, 2004, Agency costs of overvalued equity and the current state of corporate finance, European Financial Management, 10, 549, 10.1111/j.1354-7798.2004.00265.x · DOI
  36. Klassen, 1996, The impact of environmental management on firm performance, Management Science, 42, 1199, 10.1287/mnsc.42.8.1199 · DOI · Paper page
  37. Konar, 2001, Does the market value environmental performance?, Review of Economics and Statistics, 83, 281, 10.1162/00346530151143815 · DOI
  38. Kreander, 2005, Evaluating the performance of ethical and non-SRI funds: A matched pair analysis, Journal of Business, Finance and Accounting, 32, 1465, 10.1111/j.0306-686X.2005.00636.x · DOI · Paper page
  39. La Porta, 2002, Investor protection and corporate valuation, Journal of Finance, 57, 1147, 10.1111/1540-6261.00457 · DOI
  40. Lewison, 1999, Conflicts of interests? The ethics of usury, Journal of Business Ethics, 22, 327, 10.1023/A:1006164904326 · DOI
  41. Luther, 1994, The performance of ethical unit trusts: Choosing an appropriate benchmark, British Accounting Review, 26, 77, 10.1006/bare.1994.1007 · DOI
  42. Luther, 1992, The investment performance of UK ethical unit trusts, Accounting, Auditing and Accountability Journal Review, 5, 57
  43. Mallin, 1995, The financial performance of ethical investment funds, Journal of Business Finance and Accounting, 22, 483, 10.1111/j.1468-5957.1995.tb00373.x · DOI · Paper page
  44. Merton, 1987, A simple model of capital market equilibrium with incomplete information, Journal of Finance, 42, 483, 10.1111/j.1540-6261.1987.tb04565.x · DOI · Paper page
  45. Renneboog, L., Ter Horst, J., Zhang, C., 2005. Is ethical money financially smart? Working Paper No. 117, ECGI.. · DOI
  46. Renneboog, L., Ter Horst, J., Zhang, C., submitted for publication. The price of ethics and stakeholder governance: Evidence from socially responsible mutual funds. Journal of Corporate Finance.
  47. Sauer, 1997, The impact of social-responsibility screens on investment performance: Evidence from the Domini 400 Social Index and Domini Equity Mutual Fund, Review of Financial Economics, 6, 137, 10.1016/S1058-3300(97)90002-1 · DOI
  48. Schroder, 2004, The performance of socially responsible investments: Investment funds and indices, Financial Markets and Portfolio Management, 18, 122, 10.1007/s11408-004-0202-1 · DOI
  49. Shleifer, 2004, Does competition destroy ethical behavior?, American Economic Association Papers and Proceedings, 94, 414, 10.1257/0002828041301498 · DOI · Paper page
  50. Social Investment Forum (SIF), 2001, 2003, 2005. Report on responsible investing trends in the US.
  51. Social Investment Organization (SIO), 2004. Canadian Social Investment Review. <http://www.socialinvestment.ca>.
  52. Statman, 2000, Socially responsible mutual funds, Financial Analysts Journal, 56, 30, 10.2469/faj.v56.n3.2358 · DOI · Paper page
  53. Tirole, 2001, Corporate governance, Econometrica, 69, 1, 10.1111/1468-0262.00177 · DOI · Paper page
  54. Treynor, 1966, Can mutual funds outguess the market?, Harvard Business Review, 44, 131
  55. Zhang, C., 2006. Ethics, investments, and investor behavior. PhD Thesis No. 179, CentER, Tilburg University.

Cited by

See all 1,753

Metadata

Authors
Renneboog, L., Ter Horst, J., & Zhang, C.
Venue
Journal of Banking & Finance
Publisher
Elsevier BV
Published
2008-09
Volume
32
Issue
9
Pages
1723-1742
ISSN
0378-4266 (ISSN-L)
OpenAlex
W2073928172
Cited by
1,753
References
8
FWCI
114.05
Type
journal article
Language
en
Open access
closed
Licence
www.elsevier.com/tdm/userlicense/1.0/ (tdm)

About these checks

Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

Statistics and arithmetic are recomputed, not judged.

Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.

What counts as a claim ›How we measure confidence ›How we check this ›

Are you an author, or do you see a problem with this page? Request a review

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.