英语翻译Theindex,byconstruction,hastomaintainaconstantnumberofconstituents.Therefore,whiledeletionisdirectlyrelatedtotheinformationonthebreachoftheSRcriteria,additionisonlypossibleafterthedeletionofacurrentconstit

Question

英语翻译
The index,by construction,has to maintain a constant number of constituents.Therefore,while deletion is directly related to the information on the breach of the SR criteria,addition is only possible after the deletion of a current constituent.Consequently,while deletion is always directly related to the breach of the Domini criteria,there may be lags between compliance with such criteria and addition to the index.For this reason,in the case of addition,our event study is more likely to isolate the effect that inclusion in the index may generate on passive buy-and-hold strategies of ethically responsible investment funds.

Answer 1

The index,by construction,has to maintain a constant number of constituents.Therefore,while deletion is directly related to the information on the breach of the SR criteria,addition is only possible after the deletion of a current constituent.Consequently,while deletion is always directly related to the breach of the Domini criteria,there may be lags between compliance with such criteria and addition to the index.For this reason,in the case of addition,our event study is more likely to isolate the effect that inclusion in the index may generate on passive buy-and-hold strategies of ethically responsible investment funds.
通过建设指标,一直保持恒定数量的成分.因此,当删除是在SR标准违约直接相关的信息,一个电流成分的缺失后才是可能的.因此,当删除总是位于多米尼标准行为的直接相关,可能存在滞后等标准,除了指标相符.为此,在另外的情况下,我们的事件研究更容易分离,纳入指数可能会产生被动买入并持有的道德责任的基金投资策略的影响.