Purpose –To examine the rationale for the investment principles adopted by faith-based funds from a biblical perspective and to evaluate the performance of faith-based ethical funds. Design/methodology/approach - A multi-factor Carhart model is applied to examine the risk-adjusted financial...

Purpose – To examine the rationale for the investment principles adopted by faith‐based funds from a biblical perspective and to evaluate the performance of faith‐based ethical funds. Design/methodology/approach – A multi‐factor Carhart model is applied to examine the risk‐adjusted...