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ESG-Persistence in Socially Responsible Mutual Funds

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Wimmer, Maximilian
License: Creative Commons Attribution 3.0
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Date of publication of this fulltext: 16 Aug 2012 05:29


This paper analyzes the persistence of environmental, social, and governance (ESG)-scores in socially responsible (SR) mutual funds. ESG-scores can be used as a measure for the level of social responsibility of an SR mutual fund. It is shown that ESG-scores persist for approximately two years. However, the persistence of the ESG-scores is terminated after approximately three years. This implies ...


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