Performance analysis and volatility interdependencies an empirical analysis of select developed and emerging sustainable stock indices

Abstract

Due to the rapid deterioration caused by conventional institutions and markets, the newlineneed for sustainable investment is growing rapidly around the globe and is growing newlinemore than traditional investment. The relevance of Sustainable Responsible newlineInvestment (SRI) has greatly expanded due to the growing number of investors that newlineintegrate SRI into their portfolios. Many investors prefer socially aware investments newlinebecause backing businesses that uphold sustainability standards generates new value newlineover the long run and reduces the risks associated with emerging social and newlineenvironmental issues. In the wake of this rising preference for sustainable newlineinvestment options, the present study examines the performance of sustainable newlineindices and the volatility interdependence between sustainable and conventional newlineindices. newline