Center for Responsible Business - Haas School of Business, University of California Berkeley - Sustainable Finance

Moskowitz Prize Winners

2014

Winner
Full paper with abstract: "Socially Responsible Firms" (PDF)

Allen Ferrell - Harvard Law School
Hao Liang - Tilburg University
Luc Renneboog - Tilburg University

>> Read more about the 2014 winner

2013

Winner
Full paper: "Does Corporate Social Responsibility Lead to Superior Financial Performance? A Regression Discontinuity Approach" (PDF)

Two-Page Summary: "Does CSR Boost Shareholder Value? Ivey’s Caroline Flammer Sheds Light on the Link Between CSR and Financial Performance" (PDF)

Caroline Flammer- Ivey Business School Full paper:

>> Read more about the 2013 winner

2012

Winners
"Active Ownership" (PDF)

Elroy Dimson- London Business School

Oğuzhan Karakaş - Boston College

Xi Li - Temple University

>> Read more about the 2012 winners

2011

Winners
"Does Corporate Social Responsibility Affect The Cost Of Capital?" (PDF)

Sadok El Ghoul - University of Alberta

Omrane Guedhami - Moore School of Business

Chuck C. Y. Kwok - Moore School of Business

Dev R. Mishra - Edwards School of Business

Honorable Mention
"Environmental Externalities And Cost Of Capital" (PDF)

Sudheer Chava - Georgia Institute of Technology

Honorable Mention
"Do Corporations Invest Enough In Environmental Responsibility?" (PDF)

Yongtae Kim - Santa Clara University

Meir Statman - Santa Clara University

>> Read more about the 2011 winners

2010

Winners
"Corporate Environmental Management And Credit Risk" (PDF)

Rob Bauer - Maastricht University

Daniel Hann - Maastricht University; European Centre for Corporate Engagement

>> Read more about the 2010 winners

2009

Winners
"The Economics And Politics Of Corporate Social Performance" (PDF)

David Baron - Professor of Political Economy and Strategy at Stanford University

Hoje Jo - Assistant Professor of Finance at Santa Clara University

Maretno Agus Harjoto - Assistant Professor of Finance at the Graziadio School of Business and Finance at Pepperdine University

2008

Winner
"The Wages Of Social Responsibility" (PDF)

Meir Statman and Denys Glushkov
Santa Clara University's Leavey School of Business

Honorable Mention
"The Performance Of Socially Responsible Mutual Funds: The Role Of Fees And Management Companies"

Javier Gil-Bazo, Pablo Ruiz-Verdu, and Andre A. P. Santos
Universidad Carlos III de Madrid

2007

Winner
"Does The Stock Market Fully Value Intangibles? Employee Satisfaction And Equity Prices"

Alex Edmans
University of Pennsylvania - The Wharton School

2006

Winner
"Monitoring The Monitor: Evaluating CalPERS' Shareholder Activism"

Brad Barber
University of California at Davis

2005

Winner
"The Economic Value Of Corporate Eco-Efficiency"

Nadja Guenster, Jeroen Derwall, Rob Bauer and Kees Koedijk
Erasmus University

Honorable Mention
"Socially Responsible Indexes: Composition, Performance, And Tracking Errors"

Meir Statman
Santa Clara University's Leavey School of Business

2004

Winner
"Corporate Social And Financial Performance: A Meta-Analysis"

Marc Orlitzky, Frank L. Schmidt, and Sara L. Rynes
University of Sydney & University of Iowa

2003

Winner
"Corruption And International Valuation: Does Virtue Pay?"

Charles M.C. Lee and David T. Ng
Cornell University

Honorable Mention
"Investing In Socially Responsible Mutual Funds"

Christopher C. Geszy, Robert F. Stambaugh, and David Levin
University of Pennsylvania - The Wharton School

2002

Winner
"International Evidence On Ethical Mutual Fund Performance And Investment Style"

Rob Bauer, Kees Koedijk, and Roger Otten
University of Maastricht & Tilburg University

2001

Winner
"Do Corporate Environmental Standards Create Or Destroy Market Value?"

Glen Dowell, Stuart Hart, and Bernard Yeung
Notre Dame University, University of North Carolina, New York University

Honorable Mention
"Socially Responsible Investment Screening: Strong Evidence Of No Significant Cost For Actively Managed Portfolios"

Bernell K. Stone, John B. Guerard, Jr., Mustafa N. Gultekin, and Greg Adams
Brigham Young University & University of North Carolina

2000

Winner
"Pure Profit: The Financial Implications Of Environmental Performance"

Robert Repetto and Duncan Austin
World Resources Institute

1999

Winner
"The Effect Of Socially Activist Investment Policies On the Financial Markets: Evidence From The South African Boycott"

Siew Hong Teoh, Ivo Welch, and C. Paul Wazzan
University of California - Irvine, Brown University, & LECG, LLC

1998

Winner
"A Resource-Based Perspective On Corporate Environmental Performance And Profitability"

Michael V. Russo and Paul A. Fouts
University of Oregon & Golden Gate University

1997

Winner
"Finding The Link Between Stakeholder Relations And Quality Of Management"

Sandra A. Waddock and Samuel B. Graves
Boston College

1996

Winner
"Is There A Cost To Being Socially Responsible In Investing?"
John B. Guerard

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