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Artinger, Jakob ; Kreuzer, Christian

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.



Involved Institutions


Details

Item typeArticle
Journal or Publication TitleFinance Research Letters
Publisher:Elsevier
Open Access Type:DEAL (Elsevier)
Volume:87
Page Range:p. 109002
Date24 November 2025
InstitutionsBusiness, Economics and Information Systems > Institut für Betriebswirtschaftslehre > Lehrstuhl für Finanzierung (Prof. Dr. Gregor Dorfleitner)
Identification Number
ValueType
10.1016/j.frl.2025.109002DOI
KeywordsMutual fund, Sustainable finance, Corporate scandals, CSR, ESG, SRI
Dewey Decimal Classification300 Social sciences > 330 Economics
StatusPublished
RefereedYes, this version has been refereed
Created at the University of RegensburgPartially
URN of the UB Regensburgurn:nbn:de:bvb:355-epub-782504
Item ID78250

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