Description

• Title:
  Has the risk of socially responsible investments (SRI) companies stocks changed in the COVID-19 period? International evidence
• Creator:
  Brzeszczyński, Janusz;
  Gajdka, Jerzy;
  Pietraszewski, Piotr;
  Schabek, Tomasz
• Contributor:
  Uniwersytet Łódzki, Wydział Ekonomiczno-Socjologiczny, Katedra Ekonomii Przemysłu i Rynku Kapitałowego (Nieaktualne od 01.11.2017r.);
  janusz.brzeszczynski@eksoc.uni.lodz.pl;
  jerzy.gajdka@uni.lodz.pl;
  piotr.pietraszewski@uni.lodz.pl;
  tomasz.schabek@uni.lodz.pl
• Description:
  In this study, we investigate changes in risk of socially responsible investments (SRI) companies in the periods before and during the COVID-19 pandemic relying on a broad dataset covering SRI indices from 35 markets analyzed between 2016 and 2021. Our results provide evidence that the systematic risk of the SRI firms, measured by the beta coefficient, increased in most countries around the world during the COVID-19 period. However, some markets in our sample show remarkable resilience and stability in terms of the changes in their risk patterns. In particular, the systematic risk of SRI companies from the markets in East Asia decreased during the COVID-19 pandemic, which contrasts with substantial increases in the systematic risk of the SRI firms from the SRI indices in all other regions around the world.;
  This work was supported by the research funding from the National Science Center / Narodowe Centrum Nauki (NCN) in Poland (project number: 2019/33/B/HS4/01095).
• Object availability:
  free access
• Rights: http://creativecommons.org/licenses/by/4.0
• Date:
  2022.12.07;
  2022
• Type:
  Article
• Language:
  English
• Format:
  application/pdf
• Publisher:
  Elsevier
• Relation:
  Finance Research Letters;;
  49
• Subject:
  sustainability;
  stock market;
  risk;
  asymmetric beta;
  socially responsible investments (SRI);
  COVID-19 pandemic
• Identifier:
  1544-6123;
  http://hdl.handle.net/11089/44502 ;
  1544-6131;
  10.1016/j.frl.2022.102986
• Data provider:
  Repozytorium Uniwersytetu Łódzkiego
• Can I use it?:
  check license
• Type:
  image