Socially Responsible Investment in Japanese Pensions / Henry Hongbo Jin, Olivia S. Mitchell, John Piggott.

Format:

Book

Author/Creator:

Jin, Henry Hongbo.

Contributor:

National Bureau of Economic Research.

Mitchell, Olivia S.

Piggott, John.

Series:

Working Paper Series (National Bureau of Economic Research) no. w11747.

NBER working paper series no. w11747

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2005.

Summary:

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 indexes 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.

Notes:

Print version record

November 2005.