The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
The impact of social‐responsibility screens on investment performance: Evidence from the Domini 400 social index and Domini Equity Mutual Fund
Abstract
Socially responsible investors apply both financial and social criteria when evaluating investments in order to ensure that the securities selected are consistent with their personal value system and beliefs. This paper examines the potential impact these additional restrictions have on investment performance by comparing the performance characteristics of a carefully constructed, well diversified portfolio of socially screened stocks with two unrestricted benchmark portfolios. In contrast to prior research, the performance of the socially responsible portfolio examined in this paper is not subject to the confounding effects of trans‐ action costs, management fees, or differences in investment policy that are associated with actively managed mutual funds. Therefore, it is possible to more clearly isolate the potential performance implications associated with subjecting the investment opportunity set to social screening. Contrary to expectations, our findings indicate that application of social‐responsibility screens does not necessarily have an adverse impact on investment performance.
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Sharpe, W. F. (1966) · The Journal of Business · doi:10.1086/294846 · Cited by 3,937
An investigation of corporate social responsibility reputation and economic performance
Herremans, I. M., Akathaporn, P., & McInnes, M. (1993) · Accounting, Organizations and Society · doi:10.1016/0361-3682(93)90044-7 · Cited by 391
Cited by
Misery Loves Companies: Rethinking Social Initiatives by Business
Margolis, J. D., & Walsh, J. P. (2003) · Administrative Science Quarterly · doi:10.2307/3556659 · Cited by 5,130
The Eco-Efficiency Premium Puzzle
Derwall, J., Guenster, N., Bauer, R., & Koedijk, K. (2005) · Financial Analysts Journal · doi:10.2469/faj.v61.n2.2716 · Cited by 965
The effect of socially responsible investing on portfolio performance
Kempf, A., & Osthoff, P. (2007) · European Financial Management · doi:10.1111/j.1468-036x.2007.00402.x · Cited by 851
Metadata
- Authors
- Sauer, D. A.
- Venue
- Review of Financial Economics
- Publisher
- Wiley
- Published
- 1997-01
- Volume
- 6
- Issue
- 2
- Pages
- 137-149
- ISSN
- 1058-3300 (ISSN-L)
- 1873-5924
- OpenAlex
- W2055846326
- Cited by
- 354
- References
- 2
- FWCI
- 0.00
- Type
- journal article
- Language
- en
- Open access
- closed
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- CoChat. (2026). Citation check: The impact of social‐responsibility screens on investment performance: Evidence from the Domini 400 social index and Domini Equity Mutual Fund. https://app.cochat.ai/papers/10.1016/s1058-3300(97)90002-1
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- Sauer, D. A. (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. https://doi.org/10.1016/s1058-3300(97)90002-1
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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.
