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The inclusion of socially irresponsible companies in sustainable stock indices

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The inclusion of socially irresponsible companies in sustainable stock indices

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dc.contributor.author Arribas, Iván es_ES
dc.contributor.author Espinós-Vañó, María Dolores es_ES
dc.contributor.author García García, Fernando es_ES
dc.contributor.author Morales-Bañuelos, Paula Beatriz es_ES
dc.date.accessioned 2020-12-05T04:32:42Z
dc.date.available 2020-12-05T04:32:42Z
dc.date.issued 2019-04-01 es_ES
dc.identifier.uri http://hdl.handle.net/10251/156512
dc.description.abstract [EN] Social rating agencies implement complex filters to identify the companies with the best sustainable and social performance and help investors select the companies for their sustainable portfolios. This study analysed whether companies that are defined as ethical, sustainable and socially responsible by those agencies actually deserve this label. More specifically, the inclusion in the prestigious Dow Jones Sustainability Index (DJSI) World of companies that have been involved in controversies according to the Thomson Reuters Eikon database was studied. The results show that the inclusion of irresponsible companies in the DJSI Index is a fact. This outcome is in line with previous studies that criticise the methodologies applied by social rating agencies and those which outline the similarity of sustainable and conventional portfolios. The results may explain the contradictory conclusions regarding the performance of sustainable and conventional mutual funds in numerous studies es_ES
dc.language Inglés es_ES
dc.publisher MDPI AG es_ES
dc.relation.ispartof Sustainability es_ES
dc.rights Reconocimiento (by) es_ES
dc.subject Socially responsible investment es_ES
dc.subject Social rating agencies es_ES
dc.subject Sustainability index es_ES
dc.subject Corporate ethics es_ES
dc.subject Screening methodology es_ES
dc.subject.classification ECONOMIA FINANCIERA Y CONTABILIDAD es_ES
dc.title The inclusion of socially irresponsible companies in sustainable stock indices es_ES
dc.type Artículo es_ES
dc.identifier.doi 10.3390/su11072047 es_ES
dc.rights.accessRights Abierto es_ES
dc.contributor.affiliation Universitat Politècnica de València. Departamento de Economía y Ciencias Sociales - Departament d'Economia i Ciències Socials es_ES
dc.description.bibliographicCitation Arribas, I.; Espinós-Vañó, MD.; García García, F.; Morales-Bañuelos, PB. (2019). The inclusion of socially irresponsible companies in sustainable stock indices. Sustainability. 11(7):1-14. https://doi.org/10.3390/su11072047 es_ES
dc.description.accrualMethod S es_ES
dc.relation.publisherversion https://doi.org/10.3390/su11072047 es_ES
dc.description.upvformatpinicio 1 es_ES
dc.description.upvformatpfin 14 es_ES
dc.type.version info:eu-repo/semantics/publishedVersion es_ES
dc.description.volume 11 es_ES
dc.description.issue 7 es_ES
dc.identifier.eissn 2071-1050 es_ES
dc.relation.pasarela S\382501 es_ES
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dc.subject.ods 08.- Fomentar el crecimiento económico sostenido, inclusivo y sostenible, el empleo pleno y productivo, y el trabajo decente para todos es_ES


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