Derwall, Derwall, J.; Günster, Günster, N.K.; Bauer, … - Erasmus Research Institute of Management (ERIM), … - 2004
) leads to inferior, rather than superior, portfolio performance. Using Innovest’s well-established corporate ecoefficiency …-ranked counterpart over the period 1995-2003. Using a wide range of performance attribution techniques to address common methodological … concerns, we show that this performance differential cannot be explained by differences in market sensitivity, investment style …