What is the cost of maximizing ESG performance in the portfolio selection strategy? The case of The Dow Jones Index average stocks

• Published in: Entrepreneurship and Sustainability Issues Vol. 9; no. 4; pp. 178 - 192
• Main Authors: García, Fernando, Gankova-Ivanova, Tsvetelina, González-Bueno, Jairo, Oliver, Javier, Tamošiūnienė, Rima
• Format: Journal Article
• Language: English
• Published: Vilnius Entrepreneurship and Sustainability Center 01.06.2022
• Subjects: Investments; Social responsibility

Portfolio selection is one of the main financial topics. The original portfolio selection problem dealt with the trade-off between return and risk, measured as the mean returns and the variance, respectively. For investors more variables other than return and risk are considered to select the stocks...