Short Note Peer-Reviewed
A Note on the Role of Social Impact Investments in Minimum Variance Portfolios
Massimo Biasin 1,
Roy Cerqueti 2,3,4,
Emanuela Giacomini 1,
Nicoletta Marinelli 1,
Anna Grazia Quaranta 1 and
Luca Riccetti 1,*
1
Department of Economics and Law, University of Macerata, 62100 Macerata, Italy
2
Department of Social and Economic Sciences, Sapienza University of Rome, 00185 Rome, Italy
3
School of Business, London South Bank University, London SE1 0AA, UK
4
GRANEM, Université d’Angers, 49035 Angers, France
*
For correspondence.
Academic Editor:
Received: 23 December 2021 Accepted: 10 February 2022 Published: 16 February 2022
Abstract
This paper explores a possible way in which strategic asset allocation decision-making processes can suitably exploit Social Impact Investments (SIIs). We focus on the role that SIIs play in the context of variance-minimizing investments. To this aim, we employ an index that tracks companies’ financial performance. A hand-collected sample of Social Impact Firms (SIFs) is the basis of the empirical experiments. Our results point out that, on average, investors should invest a relevant fraction of their wealth in stocks of SIFs.
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Keywords
Copyright © 2022
Biasin et al. This article is distributed under the terms of the Creative Commons Attribution License (CC BY 4.0), which permits unrestricted use and distribution provided that the original work is properly cited.
Funding
This work was supported by Ministero dell’Istruzione, dell’Università e della Ricerca italiano (MIUR), project “Una piattaforma italiana per la finanza d’impatto: modelli finanziari per l’inclusione sociale ed un welfare sostenibile” (SIF16_00055).
Cite this Article
ACS Style
Biasin, M.; Cerqueti, R.; Giacomini, E.; Marinelli, N.; Quaranta, A.; Riccetti, L. A Note on the Role of Social Impact Investments in Minimum Variance Portfolios. Highlights Sustain. 2022, 1, 5–11. https://doi.org/10.54175/hsustain1010002
APA Style
Biasin, M., Cerqueti, R., Giacomini, E., Marinelli, N., Quaranta, A., & Riccetti, L. (2022). A Note on the Role of Social Impact Investments in Minimum Variance Portfolios. Highlights of Sustainability, 1(1), 5–11. https://doi.org/10.54175/hsustain1010002
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