Exploring Arbitrage Strategies in Corporate Social Responsibility Companies
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Departamento de Economía y Empresa, Universidad de Almería, Carretera Sacramento, s/n, La Cañada de San Urbano, 04120 Almería, Spain
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Departamento de Matemáticas, Universidad de Almería, Carretera Sacramento, s/n, La Cañada de San Urbano, 04120 Almería, Spain
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Author to whom correspondence should be addressed.
Sustainability 2020, 12(16), 6293; https://doi.org/10.3390/su12166293
Received: 6 July 2020 / Revised: 26 July 2020 / Accepted: 30 July 2020 / Published: 5 August 2020
(This article belongs to the Section Economic and Business Aspects of Sustainability)
Today, Socially Responsible financial investment has taken on particular importance. Investors normally select their most profitable investments, but over the years they have appreciated that companies develop Socially Responsible policies. Financial indices have also created Socially Responsible versions. In this paper, we run a statistical arbitrage technique known as Pairs Trading using stocks of the FTSE4GOOD Socially Responsible Index. Different strategies will be tested to demonstrate that there are no significant differences between the performance of the portfolio composed by Corporate Social Responsibility (CSR) stocks and those composed by ordinary stocks.
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MDPI and ACS Style
Montoya-Cruz, E.; Ramos-Requena, J.P.; Trinidad-Segovia, J.E.; Sánchez-Granero, M.Á. Exploring Arbitrage Strategies in Corporate Social Responsibility Companies. Sustainability 2020, 12, 6293. https://doi.org/10.3390/su12166293
AMA Style
Montoya-Cruz E, Ramos-Requena JP, Trinidad-Segovia JE, Sánchez-Granero MÁ. Exploring Arbitrage Strategies in Corporate Social Responsibility Companies. Sustainability. 2020; 12(16):6293. https://doi.org/10.3390/su12166293
Chicago/Turabian StyleMontoya-Cruz, Estefanía, José P. Ramos-Requena, Juan E. Trinidad-Segovia, and Miguel Á. Sánchez-Granero 2020. "Exploring Arbitrage Strategies in Corporate Social Responsibility Companies" Sustainability 12, no. 16: 6293. https://doi.org/10.3390/su12166293
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