Published in: CSR Trends. Beyond Business as Usual, Reichel J. (ed.), 2014, CSR Impact, Łódź, PolandCurrent development of corporate social responsibility concept and practice caused
that investors pay more and more attention to social and environmental aspects while
building their investment portfolio. This triggered a growth of socially responsible investment
market and socially responsible stock indexes where companies that meet
certain criteria related to CSR are listed. The Respect Index is the example of such indexes
from Poland.
The main goal of the presented paper is to check how the market reacts on an announcement
about an inclusion of a company to the Respect Index. The Respect Index
and the relatively young socially responsible investment market in Poland delivers
a unique chance to explore described processes in a country with economy just two
decades after the transition. We can observe whether few years only since the launch
of the responsible index on Warsaw Stock Exchange have allowed Polish investors
to learn this new market and react on new opportunities it creates
