Moskowitz Prize for Socially Responsible Investing

Winning the prestigious Moskowitz Prize—the only global award that recognizes outstanding quantitative research in socially responsible investing (SRI)—is no small feat. Since 1996, when US SIF helped to launch the annual prize, winners have explored topics like shareholder activism, socially responsible mutual funds and whether social responsibility in investing is a catalyst to financial performance.

Congratulations to the 2013 Moskowitz Prize Winner: Caroline Flammer (Ivey Business School), was selected from a record 49 submissions for her paper "Does Corporate Social Responsibility Lead to Superior Financial Performance? A Regression Discontinuity Approach.” Please click here to read more about this year’s and previous years' Moskowitz Prize Winners.

Caroline Flammer

Studies are reviewed by an expert panel of judges from both academic and investment circles, and the winning paper is awarded $5,000 and announced at the annual SRI Conference. Papers are judged on the following criteria:

  1. Practical significance to practitioners of socially responsible investing
  2. Appropriateness and rigor of quantitative methods
  3. Novelty of results


The Moskowitz Prize is named for Milton Moskowitz, one of the first investigators to publish comparisons of the financial performance of screened and unscreened portfolios, including “The 100 Best Companies to Work for in America.”

Sponsors for the Prize include Calvert Group, First Affirmative Financial Network, Nelson Capital Management, Neuberger Berman, Rockefeller and Co., and Trillium Asset Management.


Please click here for the call for papers for the 2014 Moskowitz Prize; the submission deadline is June 30, 2014 11:59PM PST.

For questions regarding submission, please contact Prize Administrator Kate Alper at; for other questions regarding the Moskowitz Prize, please contact Faculty Co-Chairs Lloyd Kurtz at or Nadja Guenster at

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First Person
Caroline Flammer
Caroline Flammer
Ivey Business School

"Dr. Flammer's study is an outstanding and unique contribution to the large amount of literature on the link between CSR and financial performance. Her innovative approach allows her to overcome the endogeneity problems that affect most previous studies. She can provide convincing empirical evidence that advance our understanding of the value of active ownership and show that companies adopting CSR proposals have seen financial benefits as well."

-Nadja Guenster, visiting professor at Berkeley-Haas and Faculty Co-Chair of the Moskowitz Prize