... fails to consider the risk of the companies they study and relies only on accounting measures of performance such as return on assets. A complete picture of the relationship between corporate reputation and shareholder value should include risk-adjusted returns and correlation with benchmark returns...

... shares inferior investments?” Specifically, this research investigates the stock performance of companies that have dual‐class shares. Overall, results show that investors in inferior‐voting shares do not earn abnormally low risk‐adjusted returns. Investors in non‐IPO inferior‐voting shares earn positive...

...” in stock selection, such as whether a fi rm manufactures tobacco products, whether it is in the gambling business, whether it heeds environmental safety, its human rights records, etc. The main objective of this study is to provide empirical documentation on the risk‐adjusted returns of these mutual funds...