Acta Univ. Agric. Silvic. Mendelianae Brun. 2013, 61(2), 501-506 | DOI: 10.11118/actaun201361020501

A critical evaluation of risk-return characteristics of environmentally focused stock's companies

Stanislav Škapa1, Tomáš Meluzín1, Marek Zinecker2
1 Department of Economy, Faculty of Business and Management, Brno University of Technology, Kolejní 4, 612 00 Brno, Czech Republic
2 Department of Finance, Faculty of Business and Management, Brno University of Technology, Kolejní 4, 612 00 Brno, Czech Republic

The objective of the paper is to critically evaluate and determine risk-return profile environmentally focused stock's companies which are covered by STOXX Global ESG Environmental Leaders Index and whether this index should be taken in as an independent asset class of investments portfolio for its risk-return improvement. This paper gives an empirical view on the ex-post asset classes characteristics focused mainly on risk side of investment.

Keywords: environment, investment, stock's companies, risk-return
Grants and funding:

This paper is supported by the Czech Science Foundation. Name of the Project: IPO Strategy - Specific Approaches in the CEE Region. Registration No. 13-38047S.

Received: February 15, 2013; Published: April 24, 2013  Show citation

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Škapa, S., Meluzín, T., & Zinecker, M. (2013). A critical evaluation of risk-return characteristics of environmentally focused stock's companies. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 61(2), 501-506. doi: 10.11118/actaun201361020501
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