Ruud, Paul A. “Revisiting ‘The Cost of Socially Responsible Investing’.” Advisor Perspectives, July 30, 2013.
From the article: "Endowments have been warned that socially responsible investing (SRI) incurs a financial cost, based on research by two prominent academicians. But that research – which has been presented and debated in this publication – is based on a tenuous model that is highly sensitive to its assumptions. Change those assumptions reasonably, as I did in my research, and the cost of SRI becomes trivial."
LK comment: See Adler and Kritzman (2008).