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Screening US mutual funds for social responsibility and irresponsibility
Artinger, Jakob and Kreuzer, Christian
(2025)
Screening US mutual funds for social responsibility and irresponsibility.
Finance Research Letters 87, p. 109002.
Date of publication of this fulltext: 03 Dec 2025 05:33
Article
DOI to cite this document: 10.5283/epub.78250
Abstract
This study examines 139 socially responsible and 4,898 conventional U.S. mutual funds from 2013–2020, analyzing social responsibility and irresponsibility by screening fund holdings. SR funds show higher weighted ESG ratings and subscores than conventional funds but underperform regarding corporate scandals, driven by social and governance issues, with no significant differences in environmental ...
This study examines 139 socially responsible and 4,898 conventional U.S. mutual funds from 2013–2020, analyzing social responsibility and irresponsibility by screening fund holdings. SR funds show higher weighted ESG ratings and subscores than conventional funds but underperform regarding corporate scandals, driven by social and governance issues, with no significant differences in environmental scandals. Passive SR funds tend to show higher weighted ESG scores than active SR funds. The findings offer valuable insights for ethical investors and fund managers to enhance investment strategies and decision-making.
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| Item type | Article | ||||
| Journal or Publication Title | Finance Research Letters | ||||
| Publisher: | Elsevier | ||||
|---|---|---|---|---|---|
| Open Access Type: | DEAL (Elsevier) | ||||
| Volume: | 87 | ||||
| Page Range: | p. 109002 | ||||
| Date | 24 November 2025 | ||||
| Institutions | Business, Economics and Information Systems > Institut für Betriebswirtschaftslehre > Lehrstuhl für Finanzierung (Prof. Dr. Gregor Dorfleitner) | ||||
| Identification Number |
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| Keywords | Mutual fund, Sustainable finance, Corporate scandals, CSR, ESG, SRI | ||||
| Dewey Decimal Classification | 300 Social sciences > 330 Economics | ||||
| Status | Published | ||||
| Refereed | Yes, this version has been refereed | ||||
| Created at the University of Regensburg | Partially | ||||
| URN of the UB Regensburg | urn:nbn:de:bvb:355-epub-782504 | ||||
| Item ID | 78250 |
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