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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 | Riley, Nicola | es_ES |
dc.date.accessioned | 2024-01-25T19:00:39Z | |
dc.date.available | 2024-01-25T19:00:39Z | |
dc.date.issued | 2021-05-20 | es_ES |
dc.identifier.issn | 0959-6526 | es_ES |
dc.identifier.uri | http://hdl.handle.net/10251/202153 | |
dc.description.abstract | [EN] The study analyses the real-life results from the DJSI World selection process and investigates whether companies are treated differently because of sectoral or geographical diversification needs of the index; furthermore, the question whether its methodology penalises ESG-related irresponsible corporate activities is investigated. The last is an important issue, as it is not unusual to find constituents of sustainable indices implicated in corporate scandals. This is a striking fact, contradicting the ethical and sustainable imperative such companies are supposed to comply with. The authors scrutinise data from a data panel containing 2872 firms between 2011 and 2016 and estimate a variety of logit models. The empirical evidence indicates that ESG-related controversies affect the probability to be included in the DJSI World. Surprisingly, whilst controversy-implicated companies which are already index members were penalised, the likelihood of selection for those companies which have not been selected for the index yet, remained unchanged. | es_ES |
dc.description.sponsorship | This work was supported by the Generalitat Valenciana (PROMETEO/2019/095) . | es_ES |
dc.language | Inglés | es_ES |
dc.publisher | Elsevier | es_ES |
dc.relation.ispartof | Journal of Cleaner Production | es_ES |
dc.rights | Reconocimiento - No comercial - Sin obra derivada (by-nc-nd) | es_ES |
dc.subject | Controversy | es_ES |
dc.subject | Negative screening | es_ES |
dc.subject | Corporate social responsibility | es_ES |
dc.subject | Social rating agency | es_ES |
dc.subject | Sustainable investment | es_ES |
dc.subject.classification | ECONOMIA FINANCIERA Y CONTABILIDAD | es_ES |
dc.title | Do irresponsible corporate activities prevent membership in sustainable stock indices? The case of the Dow Jones Sustainability Index world | es_ES |
dc.type | Artículo | es_ES |
dc.identifier.doi | 10.1016/j.jclepro.2021.126711 | es_ES |
dc.relation.projectID | info:eu-repo/grantAgreement/GVA//PROMETEO%2F2019%2F095/ | es_ES |
dc.rights.accessRights | Abierto | es_ES |
dc.contributor.affiliation | Universitat Politècnica de València. Facultad de Administración y Dirección de Empresas - Facultat d'Administració i Direcció d'Empreses | es_ES |
dc.description.bibliographicCitation | Arribas, I.; Espinós-Vañó, MD.; García García, F.; Riley, N. (2021). Do irresponsible corporate activities prevent membership in sustainable stock indices? The case of the Dow Jones Sustainability Index world. Journal of Cleaner Production. 298. https://doi.org/10.1016/j.jclepro.2021.126711 | es_ES |
dc.description.accrualMethod | S | es_ES |
dc.relation.publisherversion | https://doi.org/10.1016/j.jclepro.2021.126711 | es_ES |
dc.type.version | info:eu-repo/semantics/publishedVersion | es_ES |
dc.description.volume | 298 | es_ES |
dc.relation.pasarela | S\492005 | es_ES |
dc.contributor.funder | Generalitat Valenciana | es_ES |