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dc.contributor.authorBallestero Pareja, Enrique
dc.contributor.authorBRAVO SELLES, MILAGROS
dc.contributor.authorPérez Gladish, Blanca María
dc.contributor.authorArenas Parra, María del Mar
dc.contributor.authorPla Santamaria, David
dc.date.accessioned2019-10-25T16:48:42Z
dc.date.available2019-10-25T16:48:42Z
dc.date.created2017-09-25 10:04
dc.date.issued2012
dc.identifieroai:hispana.mcu.es:13324017
dc.identifierEuropean Journal of Operational Research, 216(2), p. 487-494 (2012); doi:10.1016/j.ejor.2011.07.011
dc.identifier0377-2217
dc.identifier1872-6860
dc.identifierhttp://hdl.handle.net/10651/7511
dc.identifier10.1016/j.ejor.2011.07.011
dc.identifierhttp://hispana.mcu.es/es/registros/registro.cmd?tipoRegistro=MTD&idBib=13324017
dc.identifier.urihttp://hdl.handle.net/20.500.12424/1389440
dc.description.abstractIn a context of Socially Responsible Investment (SRI), this paper deals with portfolio selection for investors interested in ethical policies. In the opportunity set there are ethical assets and other assets which are not characterized as ethical. Two goals are considered, the traditional financial goal in the classical utility theory under uncertainty and an ethical goal in the same utility framework. A new financial-ethical bi-criteria model is proposed with absolute risk aversion coefficients and targets depending on the investor’s ethical profile. This approach is relevant as an increasing number of mutual funds are becoming interested in SRI strategies. From the proposed model, an actual case on green investment is developed. Concerning this case (without generalizing to other contexts), an analysis of the numerical results shows that efficient portfolios obtained by the traditional E-V model outperform the strong green portfolios in terms of expected return and risk, but this does not significantly occur with weak green investment
dc.language.isoeng
dc.publisherRepositorio de la Universidad de Oviedo : RUO
dc.relation.ispartofEuropean Journal of Operational Research
dc.relation.ispartofhttp://dx.doi.org/10.1016/j.ejor.2011.07.011
dc.rightshttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subjectMcdm
dc.subjectSri
dc.subjectPortfolio Selection
dc.subjectMutual Funds
dc.titleSocially Responsible Investment: A multicriteria approach to portfolio selection combining ethical and financial objectives
dc.typeinfo:eu-repo/semantics/article
ge.collectioncodeOAIDATA
ge.dataimportlabelOAI metadata object
ge.identifier.legacyglobethics:11377196
ge.identifier.permalinkhttps://www.globethics.net/gel/11377196
ge.lastmodificationdate2017-09-25 10:04
ge.lastmodificationuseradmin@pointsoftware.ch (import)
ge.submissions0
ge.oai.exportid148650
ge.oai.repositoryid7272
ge.oai.streamid2
ge.setnameGlobeEthicsLib
ge.setspecglobeethicslib
ge.linkhttp://hdl.handle.net/10651/7511
ge.linkhttp://hispana.mcu.es/es/registros/registro.cmd?tipoRegistro=MTD&idBib=13324017


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