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MRG concentrates on overlooked and undervalued newly public companies, chosen eclectically without a particular sector bias.
Lastly, the results remove sector bias, since companies' ESG scores are compared to the median score of their sector.
Were a Britain portfolio to exclude just one stock, such as BP, it would have a small-cap bias, a sector bias and a currency bias (most of BP's revenue is in dollars).
The other challenge in quantifying investment is the "hot sector" bias.
Each of the 10 sectors is equally weighted so that there is no sector bias in the portfolio.
Firms received lesser amounts than desired for their risky ventures (33 %), lack of sound financial statement (28%%), business sector bias (17 %) and lack of collateral (14%%).
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The screens also result in sector biases.
17 % of SMEs did not get a loan in the last three years for FIs' sector biases.
From their point of view, some reasons for not giving loan to SMEs may possibly be the lack of proper financial statements and collateral, poor repayment history, sector biases and the lack of personal guarantee.
In the first phase of data collection, SME owners mentioned several reasons for not giving loan by formal FIs - lack of sound financial statement, sector biases of FIs, lack of proper collateral, poor payment history, risks in business, and lack of personal guarantor.
Close observers of laws like FOIA have begun to question whether these laws interfere with good governance, display a deleterious anti-public-sector bias, or are otherwise inadequate for the twenty-first century's challenges.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com