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 2014 Moskowitz Prize Winners: Allen Ferrell, Harvard Law School, and Hao Liang and Luc Renneboog, both from Tilburg University, Netherlands, were selected for their paper "Socially Responsible Firms.” 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

About the Prize

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 GroupFirst Affirmative Financial NetworkNelson Capital ManagementNeuberger Berman, Rockefeller and Co., and Trillium Asset Management.

Moskowitz Prize Submissions

Submissions for the 2015 Moskowitz Prize are due by June 30, 2015 11:59PM PST (GMT -7). Please refer to the 20th Annual Moskowitz Prize for Socially Responsible Investing (SRI) call for papers for detailed instructions on submitting your work.  

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
Luc Renneboog, 2014 co-award recipient
Tilburg University

"We’ve known for some time that corporate investment in social responsibility can pay off, but there have also been legitimate concerns that shareholder money might be diverted to vanity projects or other inappropriate uses in the name of CSR.  News reports give us plenty of stories supporting one view or the other, but until now we weren’t sure which effect predominated.  This study really moves us forward in understanding how companies are investing in CSR, and how that relates to shareholder value creation.”

–Lloyd Kurtz, chief investment officer at Nelson Capital Management, lecturer at Berkeley-Haas, and Faculty Co-Chair of the Moskowitz Prize