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AuthorCharfeddine, Lanouar
AuthorNajah, Ahlem
AuthorTeulon, Frédéric
Available date2021-09-07T06:16:20Z
Publication Date2016
Publication NameResearch in International Business and Finance
ResourceScopus
ISSN2755319
URIhttp://dx.doi.org/10.1016/j.ribaf.2015.09.031
URIhttp://hdl.handle.net/10576/22817
AbstractThe purpose of this paper is to investigate the performance of ethical and conventional investments. It examines also whether socially responsible and Islamic investments offer an additional opportunity for domestic investors to diversify their portfolios. Empirical results show that ethical investment ethical investment has inferior performance compared with their unscreened benchmarks. Moreover, using cointegration analysis, empirical results show the absence of long-run relationship between Islamic and conventional indices which offer new potential for portfolio diversification in local markets. However, there exist a long-run relationship between SR indices and their conventional counterparts. In the other hand, cointegration tests show that Islamic and socially responsible indices have long-run relationship only for FTSE indices.
Languageen
PublisherElsevier Ltd
SubjectBusiness ethics
Islamic investment
Performance measurement
Social responsibility investing (SRI)
TitleSocially responsible investing and Islamic funds: New perspectives for portfolio allocation
TypeArticle
Pagination351-361
Volume Number36
dc.accessType Abstract Only


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