The DOI matches its Crossref record; 18 of the 18 references it cites were found in a registry or an index.
Financial performance of socially responsible investing (SRI): what have we learned? A meta‐analysis
Abstract
With a meta‐analysis of 85 studies and 190 experiments, the authors test the relationship between socially responsible investing (SRI) and financial performance to determine whether including corporate social responsibility and ethical concerns in portfolio management is more profitable than conventional investment policies. The study also analyses the influence of researcher methodologies with respect to several dimensions of SRI (markets, financial performance measures, investment horizons, SRI thematic approaches, family investments and journal impact) on the effects identified. The results indicate that the consideration of corporate social responsibility in stock market portfolios is neither a weakness nor a strength compared with conventional investments; the heterogeneous results in prior studies largely reflect the SRI dimensions under study (e.g. thematic approach, investment horizon and data comparison method).
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Cites
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ESG and financial performance: aggregated evidence from more than 2000 empirical studies
Friede, G., Busch, T., & Bassen, A. (2015) · Journal of Sustainable Finance & Investment · doi:10.1080/20430795.2015.1118917 · Cited by 4,631
Brooks, C., & Oikonomou, I. (2018) · The British Accounting Review · doi:10.1016/j.bar.2017.11.005 · Cited by 831
Environmental, social and governance (ESG) activity and firm performance: a review and consolidation
Huang, D. Z. X. (2021) · Accounting & Finance · doi:10.1111/acfi.12569 · Cited by 586
Kumar, S., Sharma, D., Rao, S., Lim, W. M., & Mangla, S. K. (2025) · Annals of Operations Research · doi:10.1007/s10479-021-04410-8 · Cited by 437
Meta-analyses on Corporate Social Responsibility (CSR): a literature review
Velte, P. (2022) · Management Review Quarterly · doi:10.1007/s11301-021-00211-2 · Cited by 367
Metadata
- Authors
- Revelli, C., & Viviani, J.
- Venue
- Business Ethics: A European Review
- Publisher
- Wiley
- Published
- 2014-08-15
- Volume
- 24
- Issue
- 2
- Pages
- 158-185
- ISSN
- 0962-8770 (ISSN-L)
- 1467-8608
- OpenAlex
- W2164993793
- Cited by
- 539
- References
- 18
- FWCI
- 48.44
- Type
- journal article
- Language
- en
- Open access
- closed
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- Revelli, C., & Viviani, J. (2015). Financial performance of socially responsible investing (SRI): what have we learned? A meta‐analysis. Business Ethics: A European Review. https://doi.org/10.1111/beer.12076
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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.
