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313. Socially Responsible Investing: Green For The Planet And Your Wallet, Gabriela Pinzaru
313. Socially Responsible Investing: Green For The Planet And Your Wallet, Gabriela Pinzaru
EURēCA: Exhibition of Undergraduate Research and Creative Achievement
This study analyzed whether or not investment in socially responsible companies generated abnormal returns in comparison to the S&P 500. An Environmental, Social, and Governance Index consisting of 33 companies was created based on four different ESG rating agencies. In order to perform a meaningful comparison between said ESG Index and the S&P benchmark, the researcher used Eventus software to conduct an event study. Eventus analyzed stock price data of ESG and S&P companies at a specific point in time over a period of five years. It was determined that the ESG companies performed significantly stronger in comparison to the …