Special Issue "Sustainable Finance and Portfolio Management"

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".

Deadline for manuscript submissions: 30 March 2022.

Special Issue Editor

Dr. Sebastian Utz
E-Mail Website
Guest Editor
School of Finance, University of St. Gallen, St. Gallen 9000, Switzerland
Interests: sustainable finance; portfolio management

Special Issue Information

Dear Colleagues,

The rapidly growing number of research studies and practitioner reports show that sustainability considerations in finance and portfolio management are attracting increased attention, both in research and in practice. This development is not surprising, since sustainable finance and investments may contribute significantly to an overall sustainable development, meeting the future generations’ needs while taking economic, environmental, and social aspects into account.

This Special Issue aims to contribute to sustainable development by presenting innovative approaches and applications and empirical findings for integrating sustainability aspects into the finance and portfolio management. The following list provides an illustrative set of topics and paper types suitable for this Special Issue but is far from exhaustive. Any questions about the suitability of a topic may be directed to the Special Issue Guest Editor.

  • Methodological papers: Novel approaches for integrating and balancing sustainability aspects in decision-making processes from the finance sector (e.g., portfolio selection decisions);
  • Conceptual papers: Innovative approaches on how to measure the sustainable impact on portfolios;
  • Empirical papers/computational analyses;
  • Systematic literature reviews: This may cover the topics listed above: literature reviews on approaches for integrating sustainability aspects into finance and portfolio decision-making situations, presentations of real-world applications/best practices, empirical studies, and so forth.
Dr. Sebastian Utz
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All papers will be peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1900 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • Sustainable finance
  • Portfolio management
  • Sustainable investing
  • Impact investing
  • Asset management

Published Papers (1 paper)

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Research

Article
Passive ESG Portfolio Management—The Benchmark Strategy for Socially Responsible Investors
Sustainability 2021, 13(16), 9388; https://doi.org/10.3390/su13169388 - 21 Aug 2021
Viewed by 259
Abstract
In this article, we investigate the notion of doing well while doing good from the perspective of passive portfolio strategies. We analyze a number of asset allocation strategies based on ESG-weighting and compare their financial and ESG performance for the US and Europe. [...] Read more.
In this article, we investigate the notion of doing well while doing good from the perspective of passive portfolio strategies. We analyze a number of asset allocation strategies based on ESG-weighting and compare their financial and ESG performance for the US and Europe. We find no significant difference in the financial performance but superior ESG performance of ESG-based strategies. It can be concluded that, compared to a naive strategy, socially responsible investors are willing to pay a small premium for the impact of the portfolio via transaction costs when rebalancing the portfolio according to their preferences for social responsibility. In addition, when comparing the ESG-based strategies to a value-weighted strategy, we observe no significant difference in ESG performance but a high degree of significance in the superior financial performance of the ESG-based strategy. We also analyze the strategies with regards to the factor loadings given by the Fama–French five-factor model and a sixth factor denoted GMB (Good minus Bad) and find significant differences across the regions and strategies. Overall, the results show strong support of ESG-based strategies being preferred by socially responsible investors but also suggest that such strategies might be preferred by conventional investors looking for a passively managed alternative compared to a value-weighted index. Furthermore, it seems that such a strategy might be a more adequate benchmark for active SRI funds. Full article
(This article belongs to the Special Issue Sustainable Finance and Portfolio Management)
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