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Are European Socially Responsible Mutual Funds Rewarding and Profitable?

Torres, Cristiana - 2013

The last two decades have shown us the growing importance of corporate, social and governance programs, as executives, investors and regulators have become increasingly aware of these programs' potential to mitigate corporate crises and build solid social reputation. Thus, mutual funds that...

Persistent link: https://www.econbiz.de/10013081084

A Tale of Values-Driven and Profit-Seeking Social Investors

Derwall, Jeroen - 2015

A segmentation of the socially responsible investing (SRI) movement by values-versus-profit orientation solves the … a different form of SRI explains why the average SRI mutual fund, which adopts a mixture of screens, neither outperforms … nor underperforms conventional peers. Our conclusions highlight that different views about SRI that are observed in the …

Persistent link: https://www.econbiz.de/10013038701

Performance of Socially Responsible Mutual Funds

Yu, Linda - 2014

This study examines the performance of socially responsible mutual funds from 1999 to 2009. To minimize the benchmark error, we apply propensity-score-matching method to identify a most comparable conventional fund for every socially responsible fund based on several key fund characteristics. We...

Persistent link: https://www.econbiz.de/10013052615

How ESG Information Determines Emotional Returns of Socially Responsible Investments : Evidence from an Experimental Decision Case

Mervelskemper, Laura - 2018

strong influence of the amount and specific type of information both on the SRI allocation ratio and the willingness to … precise non-financial investment criteria. Adding these information on the presentation of the SRI fund can increase the … investment ratio up to a tripling, especially in case of a high financial underperformance of the SRI fund. Thus, it can be …

Persistent link: https://www.econbiz.de/10012929355

Internet Appendix : Does Wealth Play a Role in Socially Responsible Mutual Fund Investing?

Christiansen, Charlotte; Jansson, Thomas; Kallestrup … - 2021

Persistent link: https://www.econbiz.de/10013251112

On the relevance of psychological motives, values, and norms for socially responsible investments : an econometric analysis

Gutsche, Gunnar; Köbrich-León, Anja; Ziegler, Andreas - 2016

empirically examines the determinants of socially responsible investments (SRI). Our econometric analysis implies that the … perceived financial performance of SRI matters for the shares of investments in SRI among all investments. However, our main … even more relevant and thus have strong significant effects on SRI. This suggests that SRI investors gain strong non …

Persistent link: https://www.econbiz.de/10011567326

Looking beyond ESG preferences : the role of sustainable finance literacy in sustainable investing

Auzepy, Alix; Bannier, Christina E.; Gärtner, Florian - 2024

We assess how sustainable finance literacy affects people's sustainable investment behavior, using a pre-registered experiment. We find that an increase in sustainable finance literacy leads to a 4 to 5% increase in the probability of investing sustainably. This effect is moderated by...

Persistent link: https://www.econbiz.de/10014514788

Do Retail Investors Trade on ESG?

Chang, Ran; Zhang, Xiaoyan; Zhang, Xinran - 2022

Using 2010-2019 stock-level data in US, we examine whether and how retail investors trade on environmental, social, and government (ESG) information. Although retail investors trade more on ESG disclosed stocks than no-disclosed stocks, ESG disclosure information does not help retail investors...

Persistent link: https://www.econbiz.de/10013294158

The Effect of Environmental Preferences on Investor Responses to ESG Disclosure

Emiris, Marina; Harris, Joanna; Koulischer, Francois - 2023

We study the effect of environmental preferences on portfolio allocation around the implementation of the European Sustainable Finance Disclosure Regulation (SFDR). In a model of asset allocation with heterogeneous environmental preferences, we show that the introduction of disclosure regulation...

Persistent link: https://www.econbiz.de/10014354488

Cleansing Investor’s Conscience : The Effects of Incidental Guilt on Socially Responsible Investment Decisions

Gevorkova, Victoria; Sangiorgi, Ivan; Vogt, Julia - 2023

This paper explores the effects of incidental guilt on Socially Responsible Investment (SRI) decisions of retail … investors, we find that individuals who experience incidental guilt are willing to invest more in SRI funds than those in a …

Persistent link: https://www.econbiz.de/10014351368