Skip to main content

Main menu

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JPM
    • Awards
    • Editorial Board
    • Published Ahead of Print (PAP)
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

User menu

  • Sample our Content
  • Subscribe Now
  • Log in

Search

  • Advanced search
The Journal of Portfolio Management
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Sample our Content
  • Subscribe Now
  • Log in
The Journal of Portfolio Management

The Journal of Portfolio Management

Advanced Search

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JPM
    • Awards
    • Editorial Board
    • Published Ahead of Print (PAP)
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter
Article

The Cost of Socially Responsible Investing

Timothy Adler and Mark Kritzman
The Journal of Portfolio Management Fall 2008, 35 (1) 52-56; DOI: https://doi.org/10.3905/JPM.2008.35.1.52
Timothy Adler
is the vice president of research and development at Windham Capital Management, LLC, in Cambridge, MA. tadler@windhamcapital.com
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: tadler@windhamcapital.com
Mark Kritzman
is the president and CEO of Windham Capital Management, LLC, in Cambridge, MA. mkritzman@windhamcapital.com
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: mkritzman@windhamcapital.com
  • Article
  • Info & Metrics
  • PDF
Loading

Click to login and read the full article.
Don’t have access? Sign up today to begin your trial of the PMR platform 

Abstract

In this article, the authors estimate the cost of practicing socially responsible investing. Using these results, investors may determine whether imposing restrictions on the available investment universe is the most cost-efficient method for promoting the particular social ideal. The authors design and execute a Monte Carlo simulation to compare the performance of a skillful investor in an unrestricted investment universe with the performance of the same investor in a restricted investment universe. They repeat this for a variety of skill levels and investment universes and find that the cost of socially responsible investing is substantial for even moderately skilled investors.

  • © 2008 Institutional Investor, Inc.
View Full Text

Don’t have access? Register today to begin unrestricted access to our database of research.

Log in using your username and password

Forgot your user name or password?
PreviousNext
Back to top

Explore our content to discover more relevant research

  • By topic
  • Across journals
  • From the experts
  • Monthly highlights
  • Special collections

In this issue

The Journal of Portfolio Management
Vol. 35, Issue 1
Fall 2008
  • Table of Contents
  • Index by author
Print
Download PDF
Article Alerts
Sign In to Email Alerts with your Email Address
Email Article

Thank you for your interest in spreading the word on The Journal of Portfolio Management.

NOTE: We only request your email address so that the person you are recommending the page to knows that you wanted them to see it, and that it is not junk mail. We do not capture any email address.

Enter multiple addresses on separate lines or separate them with commas.
The Cost of Socially Responsible Investing
(Your Name) has sent you a message from The Journal of Portfolio Management
(Your Name) thought you would like to see the The Journal of Portfolio Management web site.
Citation Tools
The Cost of Socially Responsible Investing
Timothy Adler, Mark Kritzman
The Journal of Portfolio Management Oct 2008, 35 (1) 52-56; DOI: 10.3905/JPM.2008.35.1.52

Citation Manager Formats

  • BibTeX
  • Bookends
  • EasyBib
  • EndNote (tagged)
  • EndNote 8 (xml)
  • Medlars
  • Mendeley
  • Papers
  • RefWorks Tagged
  • Ref Manager
  • RIS
  • Zotero
Save To My Folders
Share
The Cost of Socially Responsible Investing
Timothy Adler, Mark Kritzman
The Journal of Portfolio Management Oct 2008, 35 (1) 52-56; DOI: 10.3905/JPM.2008.35.1.52
del.icio.us logo Digg logo Reddit logo Twitter logo CiteULike logo Facebook logo Google logo LinkedIn logo Mendeley logo
Tweet Widget Facebook Like LinkedIn logo

Jump to section

  • Article
    • Abstract
    • METHODOLOGY
    • RESULTS
    • SUMMARY
    • ENDNOTES
    • REFERENCES
  • Info & Metrics
  • PDF

Similar Articles

Cited By...

  • Some Considerations for Investors Exploring ESG Strategies
  • Do "Good Guys" Finish Last? The Relationship between Morningstar Sustainability Ratings and Mutual Fund Performance
  • Lowering Portfolio Risk with Corporate Social Responsibility
  • ESG Investing: A Simple Approach
  • Best Practices in ESG Investing
  • Evaluating a New Hot Trend: The Case of Water Exchange-Traded Funds
  • Using Social Responsibility Ratings to Outperform the Market: Evidence from Long-Only and Active-Extension Investment Strategies
  • A Synthesis of Modern Portfolio Theory * and Sustainable Investment
  • Scopus (36)
  • Google Scholar

More in this TOC Section

  • INVITED EDITORIAL COMMENT: Winning the Right Game: The Search for Investment Excellence
  • INVITED EDITORIAL COMMENT: Passive Investing and Sustainability Integration Are Fundamentally Irreconcilable Investment Philosophies
  • INVITED EDITORIAL COMMENT: Pulling the Goalie: Investment Lessons from Watching Hockey
Show more Article
LONDON
One London Wall, London, EC2Y 5EA
United Kingdom
+44 207 139 1600
 
NEW YORK
41 Madison Avenue, New York, NY 10010
USA
+1 646 931 9045
pm-research@pageantmedia.com
 

Stay Connected

  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

MORE FROM PMR

  • News
  • Awards
  • Investment Guides
  • Videos
  • About PMR

INFORMATION FOR

  • Academics
  • Agents
  • Authors
  • Content Usage Terms

GET INVOLVED

  • Advertise
  • Publish
  • Article Licensing
  • Contact Us
  • Subscribe Now
  • Sign In
  • Update your profile
  • Give us your feedback

© 2019 Pageant Media Ltd | All Rights Reserved | ISSN: 0095-4918 | E-ISSN: 2168-8656

  • Site Map
  • Terms & Conditions
  • Privacy Policy
  • Cookies