The Effect of Socially Responsible Investing on Portfolio Performance

By A. Kempf, P. Osthoff. 2007

793 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/bfe58baa82918c63c3aeed81b575d1e3c7eca245

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Sadok El Ghoul
2. Omrane Guedhami
3. Dev R. Mishra
4. C. Manescu
5. Philipp Krueger
6. Jeroen Derwall
7. Kees G. Koedijk
8. J. T. Horst

In Finance

1. C. Manescu
2. Jeroen Derwall
3. J. T. Horst
4. Benjamin R. Auer
5. Kees G. Koedijk
6. Sadok El Ghoul
7. Omrane Guedhami
8. Rob Bauer

Citations in the corpus

• Corporate Environmental Policy and Shareholder Value: Following the Smart Money (2017, positive): “…Inc. (KLD), social performance data set to assess corporate environmental policy (e.g., Chava (2010), Galema, Plantinga, and Scholtens (2008), Gillan, Hartzell, Koch, and Starks (2010), Kempf and Osthoff (2007), Krüger (2015), Sharfman and Fernando (2008), and Statman and Glushkov (2009)).”
• Green and Good? The Investment Performance of US Environmental Mutual Funds (2011, positive): “Kreander et al. (2005) find that management fee is a significant explanatory variable for the Jensen measure, while Benson et al.”
• Does corporate social responsibility affect the cost of capital (2011, positive): “They thus join previous calls for research that directly examines how CSR influences firms’ cost of equity capital (such as Kempf and Osthoff, 2007; Sharfman and Fernando, 2008).”
• The Effects of Corporate and Country Sustainability Characteristics on The Cost of Debt: An International Investigation (2014, neutral): “…research on the financial impacts of CSR on either the equity or debt valuation of the firm, the majority of relevant studies focus on identifying the influence of CSR on the cost of equity capital (Kempf and Osthoff, 2007; Galema et al., 2008; Hong and Kacperczyk, 2009; El Ghoul et al., 2011).”
• Environmental Externalities and Cost of Capital (2011, neutral): “…expected returns instead of realized returns.4 The abnormal realized returns to SRI are not clear (e.g., using different sample periods, Statman and Glushkov (2008) find no difference, Brammer, Brook, and Pavelin (2006) find underperformance, and Kempf and Osthoff (2007) find higher performance).”