@article {Dravenstott108, author = {John Dravenstott and Natalie Chieffe}, title = {Corporate Social Responsibility: Should I Invest for It or against It? }, volume = {20}, number = {3}, pages = {108--117}, year = {2011}, doi = {10.3905/joi.2011.20.3.108}, publisher = {Institutional Investor Journals Umbrella}, abstract = {In this article, the authors compare the returns of a portfolio composed of socially responsible companies with those of a portfolio composed of companies without that distinction. They find that socially responsible companies perform worse than {\textquotedblleft}irresponsible{\textquotedblright} companies. The reason for this seems to depend on the individual socially responsible investment (SRI) screens. Some screens have a positive impact on returns, some have a negative impact. Corporate governance is the only SRI screen with a positive relationship to returns: A positive rating helps returns, while a negative rating hurts returns. Most other screens show an inverse relationship: Companies with poor social responsibility have higher returns, or companies with good social responsibility have lower returns.TOPICS: ESG investing, technical analysis, style investing}, issn = {1068-0896}, URL = {https://joi.pm-research.com/content/20/3/108}, eprint = {https://joi.pm-research.com/content/20/3/108.full.pdf}, journal = {The Journal of Investing} }