25.06.2019; Kolloquium
Colloquium: "Integrated Ethical Portfolio Selection"
Redner
Sebastian Utz (Universität St. Gallen)
Zeit
18:15
-
19:45
Uhr
Ort
Festsaal der Fakultät Wirtschaftswissenschaft, Hülße-Bau, 3. Etage Nordflügel
Adresse
Helmholtzstr. 10, 01069 Dresden
Abstract:
We propose an integrated portfolio selection model for ethical investors to align their portfolio decision with their financial and ethical investment objectives. We show empirically based on a unique real-world investment universe of an ethical bank that investors' preferences of allocating money in financial-ethical-efficient portfolios can be best implemented in an integrated holistic approach. Portfolios constructed using tools from a certain area of multiple criteria optimization do not underperform financially yet outperform existing approaches along the ethical dimension.