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  •  Honors for Faculty Research

    Wednesday, Oct. 5, 2011 10:27 AM

    Yongtae Kim (ACTG) and Meir Statman (FNCE) received Honorable Mention during the 2011 Moskowitz Prize for Socially Responsible Investing award announcement on October 3. SCU has now three faculty members whose work has earned recognition by the international group over the 15 years in which the Prize has been awarded, one of the few business schools with multiple winners on campus.

    The 2011 paper by Kim and Statman, “Do Corporations Invest Enough in Environmental Responsibility?” follows back-to-back Moskowitz Prize awards to SCU faculty members Hoje Jo in 2009 and Statman in 2008. Statman also received an additional honorable mention in 2005.

    The Moskowitz Prize is the only global award recognizing quantitative research in socially responsible investing (SRI). Papers are reviewed by an expert panel of judges from both academic and industry circles, using criteria such as practical significance to practitioners of SRI, rigor of quantitative methods, and novelty of results. The Prize is announced at the “SRI in the Rockies” conference each fall. Learn more about the Moskowitz Prize here ussif.org/resources/moskowitz.cfm

    SCU Moskowitz Prize Papers
    2011 Do Corporations Invest Enough in Environmental Responsibility? Honorable Mention, Yongtae Kim, Associate Professor of Accounting, and Meir Statman, Glenn Klimek Professor of Finance
    2009 The Economics and Politics of Corporate Social Performance, Moskowitz Prize, Hoje Jo, Professor of Finance
    2008 The Wages of Social Responsibility, Moskowitz Prize, Meir Statman, Glenn Klimek Professor of Finance
    2005 Socially Responsible Indexes, Honorable Mention, Meir Statman, Glenn Klimek Professor of Finance

    Learn more about our faculty
    Yongtae Kim Profile >>

    Hoje Jo Profile >>

    Meir Statman Profile >>


     

  •  Finance Professor Hoje Jo Named Moskowitz Prize Winner

    Tuesday, Nov. 24, 2009 12:00 PM

    Hoje Jo, associate professor of finance at Santa Clara University Leavey School of Business, has won the 2009 Moskowitz Prize from the Center for Responsible Business at UC Berkeley. The award honors Professor Jo’s paper, “The Economics and Politics of Corporate Social Performance,” (David P. Baron, Maretno A. Harjoto, co-authors), which found evidence that consumer companies benefit from socially responsible activities, while industrial companies do not.

    The award represents the second consecutive win for Santa Clara faculty. Meir Statman, the Glenn Klimek Professor of Finance, received the honor in 2008, and honorable mention in 2005.

    “We are delighted that Professor Jo has been recognized for his important research into corporate social performance,” said Drew Starbird, interim dean of the Leavey School of Business. “He carries on the Leavey School of Business tradition of excellent scholarship informed by values that build a just and sustainable world.”

    Professor Jo and his colleagues described three measurable markets in which firms operate: a product market, a capital market, and a market for social responsibility as urged by shareholders, government, NGOs, and social activists. They found that consumer industries evidenced a positive relationship between financial performance and social performance, while industrial firms had a negative relationship. That differed from overall corporations, which exhibited no strong empirical relationship between their social activities and their financial performance.

    “This paper shows that in the consumer sphere, at least, companies can get a financial edge by behaving socially responsibly,” said Jo.

    The Moskowitz Prize is the only global award recognizing outstanding quantitative research in the field of socially responsible investing (SRI). The prize was launched in 1996 by the Social Investment Forum, the national trade associate for the socially and environmentally responsible investing industry, to recognize the best quantitative SRI study. The prize is named for Milton Moskowitz, one of the first scholars to compare and publish financial performance of screened and unscreened portfolios.


    Media Contact:
    Deborah Lohse
    SCU Media Relations, Asst. Director
    (408) 554-5121
    dlohse@scu.edu

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