Social Investing and Portfolio Management
研究了养老金基金进行社会责任投资的法律要求、目标设定、绩效衡量和财务影响，认为问题明确但收益模糊，建议谨慎采用社会导向策略。
In recent years, a number of groups have begun to argue that pension funds have an obligation to invest their capital in socially responsible ways. The concept of social investing of pension funds is examined with regard to legal requirements, determination of social objectives, measurement of perfornance, and financial effects. This analysis concludes that, while the problems of social investing are relatively well-defined, the benefits are nebulous. A social-oriented investment strategy should be adopted only after a careful review of all factors.