跳到主要內容

簡易檢索 / 詳目顯示

回結果列表
研究生： 譚艾莉
Alice Tharaud
論文名稱： 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）
Sustainable investment: a comparison of sustainable and systemic banks’ performance from an investor perspective in European Union (2014-2018)
指導教授： 林月雲
Lin, Carol
口試委員: 何富年
Ho, Foo-Nin
陳宇紳
Chen, Yu-Shen
學位類別： 碩士
Master
系所名稱： 商學院 - 國際經營管理英語碩士學位學程(IMBA)
International MBA Program College of Commerce(IMBA)
論文出版年： 2019
畢業學年度： 107
語文別： 英文
論文頁數： 67
中文關鍵詞： 可持續投資 、金融 、歐盟 、表現 、現金及現金等價物 、儲蓄
外文關鍵詞： Sustainable investment, Banking, European Union, Performance, Cash and cash equivalents, Savings
DOI URL： http://doi.org/10.6814/NCCU201900285
相關次數： 點閱：99  下載：23 
分享至:
查詢本校圖書館目錄 查詢臺灣博碩士論文知識加值系統 勘誤回報

    • 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.
    Through literature review, quantitative analysis and interviews this research put in comparison sustainable and systemic banks’ performance from an investor perspective.
    However, 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.

    1. Introduction 1
    2. Literature review 5
    2.1. Sustainable investment globally 5
    2.1.1. History 5
    2.1.2. Investment strategies and firms’ best practices 8
    2.2. Sustainable investment in Europe 13
    2.2.1. Regulations and key figures 13
    2.2.2. Market study and asset allocation 17
    2.3. Sustainable investments’ performance: the banking industry 21
    3. Research Methodology 27
    3.1. Assumptions 27
    3.2. Sample description 28
    3.3. Data collection 29
    3.4. Calculations 31
    4. Results and analysis 35
    4.1. Banks’ structural performance 36
    4.2. Banks’ accounts interest rates as a proxy of performance 46
    4.3. Banks, present and future: An interview of Mrs. Andrea Palmer (Triodos) 50
    5. Discussion and limits 53
    6. Conclusion 58
    7. Bibliography 60
    8. Appendices 63

    Buiter, W. R., 2012. CEPR. [Online] Available at: https://conference.nber.org/conferences/2012/SI2012/GFCs12/Buiter-Rahbari-The%20ECB%20as%20Lender%20of%20Last%20REsort.PDF

    Cortez, L., 2014. "Style and performance of international socially responsible funds in Europe". Research in International Business and Finance.

    Domini, 2019. [Online] Available at: https://www.domini.com

    Eichengreen, D., 2011. "Who should supervise? The structure of bank supervision and the performance of the financial system". National Bureau of Economic Research.

    Encyclopaedia Britannica, 2019. Encyclopaedia Britannica. [Online] Available at: https://www.britannica.com/event/Exxon-Valdez-oil-spill

    Eurosif, 2016. "European SRI Study 2016"

    Eurosif, 2018. "SDGs for SRI investors"

    FEBEA, 2017. "Reporting on Ethical and Alternative Banks - Main results"

    FEBEA, 2019. FEBEA. [Online] Available at: https://www.febea.org

    Fondazione Finanza Etica, 2017. "Ethical and Sustainable Finance in Europe"

    GABV, 2017. Real Economy – Real Returns: The Business Case for Values-based Banking

    GABV, 2018. Annual report

    Giraud, 2019. Tsunami financier, désastre humanitaire? [Interview] 2019.

    Global Alliance for Banking with Values (GABV), 2019. GABV. [Online] Available at: http://www.gabv.org/about-us

    Goodhart, C., 2011. "The changing role of central banks". Financial history review.

    Gounon, 2017. Courrier International. [Online] Available at: ttps://www.courrierinternational.com/article/rwanda-la-bnp-paribas-complice-de-genocide

    Grossman, H., 2005. Refining the role of the corporation: The impact of corporate social responsibility on shareholder primacy theory. Deakin L. Rev..

    Ibunkele, S., 2017. "European Green Mutual Fund Performance: A Comparative Analysis with their Conventional and Black Peers". Journal of Business Ethics.

    IFRS Interpretations Committee, 2019. "Tentative Agenda Decision and comment letters - Holdings of Cryptocurrencies". [Online] Available at: https://www.ifrs.org/projects/work-plan/holdings-of-cryptocurrencies/comment-letters-projects/tad-holdings-of-cryptocurrencies/

    Investopedia, 2019. Investopedia. [Online] Available at: https://www.investopedia.com

    Lins, S. T., 2017. "Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis". Journal of Finance.

    Merkur Cooperative Bank, 2019. Merkur Cooperative Bank. [Online] Available at: https://www.merkur.dk/privat/opsparing/stoettekonti/

    Nestlé, 2019. Nestlé. [Online] Available at: https://www.nestle.com/CSV

    Polivka, P., 2013. "Performance of the Socially Responsible Investment during the global crisis", University of West Bohemia, Faculty of Economics.

    Schroders, 2016. "What investors think about responsible investing"

    Smith, 2015. The Daily Dot. [Online] Available at: https://www.dailydot.com/via/nestle-california-bottled-water/

    State Street, 2018. "The future of sustainable investing in Europe and beyond"

    Strandberg Consulting, 2005. "Best practices in sustainable finance"

    Thomson Reuters, 2019. Thomson Reuters ESG Score

    United Nations Environment, 2017. "On the role of central banks in enhancing green finance",

    Wood, 2007. "Handbook on Responsible Investment Across Asset Classes", Boston College .

    QR CODE
    :::