Socially Responsible Investments: Return Expectations or Social Preferences?

2013 ◽  
Author(s):  
Arno M. Riedl ◽  
Paul Smeets
Keyword(s):  
Social Preferences ◽  
Socially Responsible ◽  
Socially Responsible Investments

scholarly journals Does Sustainability Score Impact Mutual Fund Performance?

2019 ◽  
Vol 11 (10) ◽  
pp. 2972 ◽  
Author(s):  
Pablo Durán-Santomil ◽  
Luis Otero-González ◽  
Renato Heitor Correia-Domingues ◽  
Juan Carlos Reboredo
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Value At Risk ◽  
Fund Performance ◽  
Fund Flows ◽  
Socially Responsible ◽  
Equity Fund ◽  
Socially Responsible Investments ◽  
Mutual Fund Flows ◽  
European Equity

Given that sustainable investing constitutes a major force across global financial markets, in 2016 Morningstar began reporting Morningstar Sustainability scores. We used the 2016, 2017 and 2018 scores to study the effects of socially responsible investments (SRI) on European equity fund performance. Sustainability scores impacted positively on performance, which was consistent with the idea that the mutual funds invested in companies with better scores generate better risk-adjusted and not-risk adjusted performance. We also tested the relation on mutual fund flows and risk. The sustainability score in the previous year is significant on the flows, so higher-rated funds receive a larger volume of funds. In terms of risk, the level of sustainability is negatively related to the value at risk (VaR) of the fund, supporting that higher scored mutual funds offer better protection against extreme losses.

Inertia and Discounting in the Selection of Socially Responsible Investments

2012 ◽  
Vol 2012 (1) ◽  
pp. 14777
Author(s):  
Pat Auger ◽  
Timothy Michael Devinney ◽  
Grahame R. Dowling ◽  
Christine Eckert ◽  
Nidthida Lin
Keyword(s):  
Socially Responsible ◽  
Socially Responsible Investments ◽  
Selection Of
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