NEGATIVE SCREENING AND SUSTAINABLE PORTFOLIO DIVERSIFICATION

被引：18

作者：

Arribas, Ivan ^{[1
]}

Dolores Espinos-Vano, Maria ^{[2
]}

Garcia, Fernando ^{[3
]}

Tamosiuniene, Rima ^{[4
]}

机构：

[1] Univ Valencia, ERI CES & IVIE, Valencia, Spain

[2] Univ Politecn Valencia, Fac Adm & Direcc Empresas, Valencia, Spain

[3] Univ Politecn Valencia, Dept Econ & Ciencias Sociales, Valencia, Spain

[4] Vilnius Gediminas Tech Univ, Financial Engn Dept, Vilnius, Lithuania

来源：

ENTREPRENEURSHIP AND SUSTAINABILITY ISSUES | 2019年 / 6卷 / 04期

关键词：

negative screening; bad reputation; negative media stories; ESG; controversies; sustainlability; social corporate responsibility; CORPORATE SOCIAL-RESPONSIBILITY; DECISION-MAKING; PERFORMANCE; INVESTMENT; FUNDS; SELECTION; WELL;

D O I：

10.9770/jesi.2019.6.4(2)

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

A critical issue for socially responsible investors is the selection of the potential companies to invest in. For retail investors, the easiest and more intuitive option is to apply a negative screening approach to avoid investing in companies with bad reputation. In this line, companies involved in scandals regarding irresponsible activities which have become notorious in the mass media will be excluded from the potential companies. Implementing this process in a consistent and objectivity way is not an easy task, especially with worldwide portfolios. Nevertheless, there already exist complex databases which offer sensitive information to investors. This paper describes one of these databases. Furthermore, the problems of implementing such a negative screening methodology are presented, which are mainly related with the proper diversification of the resulting investment portfolios.

引用

页码：1566 / 1586

页数：21

共 48 条

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