By Gagari Chakrabarti, Chitrakalpa Sen, Springer, August 2014
This book seeks to answer the essential question of the investment-worthiness of green instruments. It is evident that investing in green and energy-effi cient fi rms will be the most profi table choice for wise investors in the years to come. The reconciliation of the social choice for green technology and investors’ choice for gray technology will be automatically achieved once green fi rms become more profi table than gray ones, in the Indian context. As there has been very little research done in this area, especially in the Indian context, this book addresses that gap.
The book attempts to answer questions such as: Do green portfolios entail less relative own-risk as compared to their gray counterparts? How effectively do green portfolios avoid market risk? Are green portfolios inherently more stable? Do green portfolios have a higher probability of surviving a fi nancial crisis? Is the performance of green portfolios backed by their fundamentals? Is there any particular technical trading strategy that can ensure a consistently above-average return from these portfolios?