PR Newswire: Major new responsible investing study sought for 2013 Moskowitz Prize recognition

The Moskowitz Prize encourages and recognizes outstanding academic research on matters germane to the field of responsible investing. In 2012, the prize was awarded to Cambridge Judge Business School’s Elroy Dimson, Oguzhan Karakas and Xi Li for the paper “Active Ownership”. Their research shows that the average one-year abnormal return (also known as the excess or “alpha” return) after initial engagement is 1.8 percent – just in-between the excess return of 4.4 percent for successful CSR investor engagements with US companies, and zero for unsuccessful ones.

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