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近年来,社会责任投资(SRI)逐渐成为西方发达资本市场的主流,但针对社会责任投资的绩效问题理论界一直争议不断。社会责任投资资产组合层面的绩效实证研究表明:筛选标准、期限、参照基准、资产的区域配置、以及基金的成本和费率对社会责任投资基金的绩效都存在一定的影响。总体上,并无显著的统计结果证明社会责任投资与传统投资存在明显的差别。此外,公司层面社会责任投资活动与公司的财务绩效之间存在正向相关关系,尤其是公司治理层面。
In recent years, socially responsible investment (SRI) has gradually become the mainstream of Western developed capital markets. However, the theoretical circle for the performance of socially responsible investment has been controversial. An empirical study of the performance of socially responsible investment portfolios shows that: screening criteria, deadlines, benchmarks, regional allocation of assets, and fund costs and rates all have a certain impact on the performance of socially responsible investment funds. In general, there are no statistically significant results that show a clear difference between socially responsible investment and traditional investment. In addition, there is a positive correlation between corporate-level social responsibility investment activities and the company’s financial performance, especially corporate governance.