USF St. Petersburg campus Faculty Publications
“Doing well while doing good” revisited: A study of socially responsible firms’ short-term versus long-term performance.
Document Type
Article
Publication Date
2005
Abstract
This article reexamines the “doing well while doing good” debate within the financial management literature, using comparisons among socially responsible mutual funds (SRMF), the NYSE Composite Index, and a portfolio made up of firms most valued by SRMF managers (MostSRF). The performance of MostSRF did no better or no worse than the overall market or SRMF in three to five year comparisons. However, results from the ten-year performance comparison refute earlier studies and indicate that the market prices social responsibility character is tics in the long run. Given MostSRF out per formed the other two in dices in this time line, a new paradigm for understanding the impact of SRI is revealed.
Language
en_US
Publisher
MCB University Press
Recommended Citation
Shank, T, Manullang, D. & Hill, R. (2005). “Doing well while doing good” revisited: A study of socially responsible firms’ short-term versus long-term performance. Managerial Finance, 31(8), 33-46.
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.
Comments
Abstract only. At this time, full-text article is available only through licensed access provided by the publisher. Published in Managerial Finance, 31(8), 33-46. Members of the USF System may access the full-text of the article through the authenticated link provided.