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Do the Nice Guys Go Home Empty Handed?

Olsson, Marcus (2006)
Department of Economics
Abstract
The aim of this study is twofold. First, the performance of sin stocks in the United States is analyzed. As performance measure I use Jensen’s alpha in a single- and multifactor framework. The performance analysis of sin stocks shows if investors who choose to invest their money in socially irresponsible companies benefit from their sinful behaviour. The second aim is to investigate the risk-return characteristics of sinful investments. This is done by measuring the effects certain market factors such as size, value versus growth or momentum effects have on sin stocks.
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author
Olsson, Marcus
supervisor
organization
year
type
H1 - Master's Degree (One Year)
subject
keywords
CAPM, Sin Stocks, Multi-factor models, Economics, econometrics, economic theory, economic systems, economic policy, Nationalekonomi, ekonometri, ekonomisk teori, ekonomiska system, ekonomisk politik
language
English
id
1337717
date added to LUP
2006-04-20
date last changed
2010-08-03 10:49:14
@misc{1337717,
  abstract     = {The aim of this study is twofold. First, the performance of sin stocks in the United States is analyzed. As performance measure I use Jensen’s alpha in a single- and multifactor framework. The performance analysis of sin stocks shows if investors who choose to invest their money in socially irresponsible companies benefit from their sinful behaviour. The second aim is to investigate the risk-return characteristics of sinful investments. This is done by measuring the effects certain market factors such as size, value versus growth or momentum effects have on sin stocks.},
  author       = {Olsson, Marcus},
  keyword      = {CAPM,Sin Stocks,Multi-factor models,Economics, econometrics, economic theory, economic systems, economic policy,Nationalekonomi, ekonometri, ekonomisk teori, ekonomiska system, ekonomisk politik},
  language     = {eng},
  note         = {Student Paper},
  title        = {Do the Nice Guys Go Home Empty Handed?},
  year         = {2006},
}