The value of Saints and the price of Sin
© 2014 Elsevier B.V. Using firms in the MSCI KLD 400 as exemplars of virtuous firms (the “Saints“), and firms in the “Triumvirate of Sin“ - alcohol, tobacco and gaming - we utilize a modification of the Feltham and Ohlson (1995) valuation model and quantile regressions to estimate “Saint premiums“ a...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
Elsevier B.V
2015
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| Online Access: | http://www.elsevier.com/ http://hdl.handle.net/20.500.11937/42074 |