Muñoz, Fernando; Vargas, María; Vicente, Ruth - In: Sustainability Accounting, Management and Policy Journal 12 (2021) 5, pp. 1027-1051
Purpose: This study aims to examine style-deviation practices in the socially responsible mutual funds (SMRF) industry i.e. how mutual funds game their stated financial objectives to earn a higher relative performance ranking. In addition, the consequences of such practices on sustainable...