El Karim Farroukh, Abed; Harford, Jarrad V. T.; Shin, … - 2023
We explore three ways to classify mutual funds as ESG-oriented: by their names, their voting records, and their holdings. ESG-named funds and ESG-voting funds tend to be smaller than non-ESG funds, and spread their investment over more individual companies. They never control more than a quarter...