By The Financial | 6 October 2012
(The Financial) — Using 10 years of privately compiled data, three leading academics have tied positive market performance to corporate social responsibility (CSR) activities at major publicly traded U.S. companies. Their research has netted them the Moskowitz Prize for Socially Responsible Investing, the only global prize recognizing outstanding quantitative research in the field of sustainable, responsible, impact (SRI) investing.
Elroy Dimson, Leverhulme Emeritus Fellow at London Business School, said “There is an increasing focus on Responsible Investing, especially among large institutions. For major investors, engagement is an important part of their strategy, and it is important to understand its impact. We are honoured to have our research on this topic recognised by this prestigious award”.
Pietra Rivoli, deputy dean and professor, McDonough School of Business at Georgetown University and a longtime Moskowitz judge, presented the 2012 Moskowitz prize to the winners last night at the 23rd SRI Conference. Along with Professor Dimson were winners Oguzhan Karakas, assistant professor, Carroll School of Management, Boston College; and Xi Li, assistant professor, Fox School of Business, Temple University. All three winners are PhD alumni from London Business School.