社會責任投資之可能性：歐盟投資人觀點之社會責任投資與傳統投資績效之比較（2014-2018）

Abstract

Increased concern regarding environmental, social and governance (ESG) issues have created a new type of investment opportunities that promotes a more sustainable economy. This thesis aims to study the performance of the cash and cash equivalents asset class from an investor perspective, by comparing the sustainable and systemic banking industry. Many studies were conducted about other asset classes such as mutual funds, stocks, and bonds, in Europe and the United States. However, this thesis enriches the current literature by also analyzing an under-researched asset class, concentrating on European Union and adding a new aspect to the definition of performance: interest rates.\nThrough literature review, quantitative analysis and interviews this research put in comparison sustainable and systemic banks’ performance from an investor perspective.\nHowever, this study is subjective on the writer’s point of view as much as on the data availability and the interviewees’ declaration. Last but not least, the analysis and recommendations provided are only consistent for the period (2014 to 2018) and is highly dependent on the sample and the choice of variables.