José Luis Miralles Marcelo, María del Mar Miralles Quirós, José Luis Miralles Quirós
{"title":"社会责任公司的股票表现","authors":"José Luis Miralles Marcelo, María del Mar Miralles Quirós, José Luis Miralles Quirós","doi":"10.1016/j.cede.2012.06.002","DOIUrl":null,"url":null,"abstract":"<div><p>The objectives of this study are firstly, to analyze the return performance of sustainable firms quoted on the Spanish stock market over the 2001-2010 period. Secondly, we compare risk exposure for sustainable and conventional firms. Thirdly, we analyze the abnormal profits that may be obtained with a zero cost trading strategy based on being long in sustainable firms and short in conventional firms. Finally, we study the sustainable policies effects on stock return cross variations. These results are especially relevant for institutional and individual investors, for academics, and the professional managers of these companies.</p></div>","PeriodicalId":100345,"journal":{"name":"Cuadernos de Economía y Dirección de la Empresa","volume":"15 4","pages":"Pages 221-230"},"PeriodicalIF":0.0000,"publicationDate":"2012-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.cede.2012.06.002","citationCount":"14","resultStr":"{\"title\":\"Performance bursátil de las empresas socialmente responsables\",\"authors\":\"José Luis Miralles Marcelo, María del Mar Miralles Quirós, José Luis Miralles Quirós\",\"doi\":\"10.1016/j.cede.2012.06.002\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>The objectives of this study are firstly, to analyze the return performance of sustainable firms quoted on the Spanish stock market over the 2001-2010 period. Secondly, we compare risk exposure for sustainable and conventional firms. Thirdly, we analyze the abnormal profits that may be obtained with a zero cost trading strategy based on being long in sustainable firms and short in conventional firms. Finally, we study the sustainable policies effects on stock return cross variations. These results are especially relevant for institutional and individual investors, for academics, and the professional managers of these companies.</p></div>\",\"PeriodicalId\":100345,\"journal\":{\"name\":\"Cuadernos de Economía y Dirección de la Empresa\",\"volume\":\"15 4\",\"pages\":\"Pages 221-230\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2012-10-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://sci-hub-pdf.com/10.1016/j.cede.2012.06.002\",\"citationCount\":\"14\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Cuadernos de Economía y Dirección de la Empresa\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1138575812000588\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Cuadernos de Economía y Dirección de la Empresa","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1138575812000588","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Performance bursátil de las empresas socialmente responsables
The objectives of this study are firstly, to analyze the return performance of sustainable firms quoted on the Spanish stock market over the 2001-2010 period. Secondly, we compare risk exposure for sustainable and conventional firms. Thirdly, we analyze the abnormal profits that may be obtained with a zero cost trading strategy based on being long in sustainable firms and short in conventional firms. Finally, we study the sustainable policies effects on stock return cross variations. These results are especially relevant for institutional and individual investors, for academics, and the professional managers of these companies.