preprint | Submitted Version Download ( PDF | 134kB) | |
Postprint | Accepted Version Download ( PDF | 98kB) |
Are they any good at all? A financial and ethical analysis of socially responsible mutual funds
Article
Utz, Sebastian and Wimmer, Maximilian (2014) Are they any good at all? A financial and ethical analysis of socially responsible mutual funds. Journal of Asset Management 15 (1), pp. 72-82.DOI to cite this document: 10.5283/epub.28511
Abstract
In this article, we examine a broad sample of socially responsible (SR) and conventional mutual funds with respect to financial and ethical parameters. We cannot document profound differences in their financial performance. With regard to ethical performance, we indeed find that an investor who seeks to avoid the least ethical of all available funds can do so by purchasing SR mutual funds. Still, ...
In this article, we examine a broad sample of socially responsible (SR) and conventional mutual funds with respect to financial and ethical parameters. We cannot document profound differences in their financial performance. With regard to ethical performance, we indeed find that an investor who seeks to avoid the least ethical of all available funds can do so by purchasing SR mutual funds. Still, we also demonstrate that SR mutual funds are not holding considerably more ethical assets on average. Moreover, the label ‘SR mutual fund’ does not in any way guarantee the exclusion of clearly unethical firms, which contrasts to the common perception of screening out poor assets.
Alternative links to fulltext
Involved Institutions
Details
| Item type | Article | ||||
| Journal or Publication Title | Journal of Asset Management | ||||
| Publisher | Palgrave Macmillan | ||||
| Volume | 15 | ||||
| Number of Issue or Book Chapter | 1 | ||||
| Number of Pages | 17 | ||||
| Page Range | pp. 72-82 | ||||
| Date | 13 February 2014 | ||||
| Date of publication | 19 Jul 2013 08:28 | ||||
| Institutions | Business, Economics and Information Systems > Institut für Betriebswirtschaftslehre > Lehrstuhl für Finanzierung (Prof. Dr. Gregor Dorfleitner) | ||||
| Identification Number |
| ||||
| Related URLs |
| ||||
| Keywords | socially responsible Investment, performance analysis, mutual funds, ESG-scores | ||||
| Dewey Decimal Classification | 300 Social sciences > 330 Economics | ||||
| Status | Published | ||||
| Refereed | Yes, this version has been refereed | ||||
| Created at the University of Regensburg | Yes | ||||
| URN of the UB Regensburg | urn:nbn:de:bvb:355-epub-285116 | ||||
| Item ID | 28511 |
Download Statistics
Download Statistics