„Markowitz revisited: Social portfolio engineering“

In recent years socially responsible investing has become a popular subject with both private and institutional investors. At the same time, a number of scientific papers have been published on socially responsible investments (SRIs), covering a broad range of topics, from what actually defines SRIs to the financial performance of SRI funds in contrast to non-SRI funds. In this paper, Markowitz’ Portfolio Selection Theory is revisited by allowing the incorporation of not only asset-specific return and risk but also a social responsibility measure in the asset selection process.

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