publication . Article . Preprint . Report . 2005

socially responsible investment in japanese pensions

Henry Hongbo Jin; Olivia Mitchell; John Piggott;
Open Access
  • Published: 01 Nov 2005 Journal: SSRN Electronic Journal (eissn: 1556-5068, Copyright policy)
  • Publisher: Elsevier BV
Abstract
Abstract As the level of retirement-related assets has grown, so too has public and private interest in so-called “Socially Responsible Investment” (SRI), an investment strategy that employs criteria other than the usual financial risk and return factors when selecting firms in which to invest. This study evaluates whether SRI indices would alter portfolio risk and return patterns for the new defined contribution pension plans currently on offer in Japan. We conclude that SRI funds can be included as an option, albeit with some cost; consequently, mandatory investment in SRI portfolios cannot reasonably be justified.
Subjects
Medical Subject Headings: health care economics and organizationssocial sciencespopulation characteristicsgeographic locationsparasitic diseases
free text keywords: Economics, Pension, Socially responsible investment, Fund of funds, Portfolio risk, Open-ended investment company, Finance, business.industry, business, Return on investment, Investment strategy, Financial risk, Economics and Econometrics, Financial economics, Private interest, jel:G11, jel:G20, jel:G23
Related Organizations
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publication . Article . Preprint . Report . 2005

socially responsible investment in japanese pensions

Henry Hongbo Jin; Olivia Mitchell; John Piggott;