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Theory of social returns in portfolio choice with application to microfinance

Dorfleitner, Gregor and Leidl, Michaela and Reeder, Johannes (2012) Theory of social returns in portfolio choice with application to microfinance. Journal of Asset Management 13 (6), pp. 384-400.

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Other URL: http://www.palgrave-journals.com/doifinder/10.1057/jam.2012.18


Abstract

We complement the Markowitz portfolio theory by adding a social dimension. Every asset is assigned a social return, which is generally modeled as stochastic. We focus on the theoretical foundation and practical implications of portfolio choice with social returns. We apply the theoretical model to two different microfinance investments. First, we consider an investor who is risk-neutral in the ...

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Item Type:Article
Date:2012
Institutions:Business, Economics and Information Systems > Institut für Betriebswirtschaftslehre > Lehrstuhl für Finanzierung (Prof. Dr. Gregor Dorfleitner)
Research groups and research centres:Immobilien- und Kapitalmärkte
Classification:
NotationType
G11Journal of Economics Literature Classification
G21Journal of Economics Literature Classification
G32Journal of Economics Literature Classification
D64Journal of Economics Literature Classification
D81Journal of Economics Literature Classification
Subjects:300 Social sciences > 330 Economics
Status:Published
Refereed:Yes, this version has been refereed
Created at the University of Regensburg:Yes
Owner: Michaela Leidl
Deposited On:17 Sep 2012 12:21
Last Modified:13 Mar 2014 19:13
Item ID:25893

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