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Measuring Social Responsibility: A Multicriteria Approach

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Multiple Criteria Decision Making

Part of the book series: Multiple Criteria Decision Making ((MCDM))

Abstract

In this chapter we present a portfolio selection model for Socially Responsible Investment. The model, following the spirit of Socially Responsible Investment, consists of two different steps. Firstly, a social screening is applied in order to obtain the feasible set of assets accomplishing the socially responsible investment policy of the assets’ manager. In this step, an indicator is obtained for the measurement of the social responsibility degree of an asset. Assets are then ranked using this indicator from the most socially responsible to the less socially responsible. In a second step, once the feasible set is obtained, composed of those socially responsible assets verifying the screens and standards imposed by the assets’ manager, a portfolio selection model is proposed based on the classical Markowitz mean-variance model to determine efficient portfolios.

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Author information

Authors and Affiliations

  1. Dpto. Matemáticas para la Economía y la Empresa, Universitat de València, Valencia, Spain

    Vicente Liern

  2. Dpto. Economía Cuantitativa, Universidad de Oviedo, Oviedo, Spain

    Blanca Pérez-Gladish & Paz Méndez-Rodríguez

Authors
  1. Vicente Liern
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  2. Blanca Pérez-Gladish
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  3. Paz Méndez-Rodríguez
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Corresponding author

Correspondence to Blanca Pérez-Gladish .

Editor information

Editors and Affiliations

  1. School of Production Engineering and Management, Technical University of Crete, Chania, Greece

    Constantin Zopounidis

  2. School of Production Engineering and Management, Technical University of Crete, Chania, Greece

    Michael Doumpos

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Liern, V., Pérez-Gladish, B., Méndez-Rodríguez, P. (2017). Measuring Social Responsibility: A Multicriteria Approach. In: Zopounidis, C., Doumpos, M. (eds) Multiple Criteria Decision Making. Multiple Criteria Decision Making. Springer, Cham. https://doi.org/10.1007/978-3-319-39292-9_2

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