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  3. Optimum. Economic Studies
  4. Optimum. Economic Studies, 2024, nr 4(118)

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    • Proszę używać tego identyfikatora do cytowań lub wstaw link do tej pozycji: http://hdl.handle.net/11320/17819
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    Pole DCWartośćJęzyk
    dc.contributor.authorLiutyi, Denys-
    dc.date.accessioned2025-01-13T09:44:51Z-
    dc.date.available2025-01-13T09:44:51Z-
    dc.date.issued2024-
    dc.identifier.citationOptimum. Economic Studies, Nr 4(118) 2024, s. 213-226pl
    dc.identifier.issn1506-7637-
    dc.identifier.urihttp://hdl.handle.net/11320/17819-
    dc.description.abstractPurpose – The primary objective of this article is to compare annualized performance and risk adjusted relative returns of thematic ESG indices (such as MSCI Screened/Leaders/Universal Index, etc.) for European market covering the 5-year period of 2019–2023. Research method – We employed the Sharpe ratio to compare risk adjusted relative returns of 5 selected ESG thematic indices across the European market. Results – Our study revealed that MSCI SRI index, one of the most universal and diversified index that tracks “best-in-class” companies from each sector, yields higher risk adjusted returns than its peers. Originality / value / implications / recommendations – The results of the paper fill the existent gap in the literature and complemented the ongoing discussions on the topic of cross-index comparison in the domain of ESG-investing in the European market. It provides valuable insights regarding risk-adjusted returns of large set of ESG thematic indexes for both academic community and professional investors.pl
    dc.language.isoenpl
    dc.publisherWydawnictwo Uniwersytetu w Białymstokupl
    dc.subjectSRIpl
    dc.subjectESGpl
    dc.subjectequity indexpl
    dc.subjectinvestmentpl
    dc.titleComparison of Risk-Adjusted Relative Returns of MSCI ESG Thematic Indexes on the European Marketpl
    dc.typeArticlepl
    dc.rights.holder© Copyright by Uniwersytet w Białymstokupl
    dc.identifier.doi10.15290/oes.2024.04.118.13-
    dc.description.Emaildenys.liutyi@phd.usz.edu.plpl
    dc.description.AffiliationUniversity of Szczecinpl
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    dc.description.number4(118)pl
    dc.description.firstpage213pl
    dc.description.lastpage226pl
    dc.identifier.citation2Optimum. Economic Studiespl
    dc.identifier.orcid0009-0001-4508-8515-
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