シミズ　カズユキ   SHIMIZU Kazuyuki   清水　一之    所属   明治大学  経営学部    職種   専任教授
発表年月日	2017/09/29
発表テーマ	The dilemma between 'comply or explain' and SRI, ESG methodology, transitional terminology.
会議名	6 th International Conference on Social Responsibility, Ethics and Sustainable Business Conference Theme: People and Corporate Social Responsibility in a Globalized World
主催者	International Conference on Social Responsibility
学会区分	国際学会
発表形式	口頭（一般）
単独共同区分	単独
開催地名	School of Computing, Communication and Business, HTW Berlin, Germany
発表者・共同発表者	Kazuyuki SHIMIZU
概要	Question What is the difference between SRI and ESG? The research question is analyzed with 3 steps; 1. The logical diagram of SRI and ESG shows how stocks are valued by the screening process. Euler and Venn diagram 2. The SRI and ESG Investment approach; Historical point of view and exclusionary (negative) or inclusionary (positive) 2a. History: Prior to comply or explain in 1992, it was called SRI. ESG uses inclusive exclusion criteria. 2b. Exclusionary (negative) approach 3. The performance of ESG and SRI indexes are investigated and compared. There is scepticism between social responsibility and financial performance. (Trade-off) We found stability in SRI in the long-term capital performance, especially during the crisis. However, ESG methodology reveals almost the same movement, like the MSCI world index. SRI fund has a limited diversification effect.
NAID(CiNii)	http://www.csrconferences.org/wp-content/uploads/2017/09/CONFERENCE-TIMETABLE-2017_1.pdf
researchmap用URL	https://www.researchgate.net/publication/333433833_The_Dilemma_between_comply_or_explain_and_SRI_ESG_methodology_transitional_terminology