This paper presents the results of an empirical study concerning conventional and socially responsible mutual funds.We apply a sophisticated operations research algorithm embedded in inverse portfolio optimization on financial market data, ESG-scores and CRSP fund data. Due to our results we...

This article contributes to the literature on socially responsible investing (SRI) by discussing findings from an empirical comparative study of Scandinavian investors. The study draws attention to how contextual factors shape the principles and practices of SRI investors by using a wide range...

The first objective of this contribution is to evaluate the performance of SRI equity mutual funds in the main European countries with three different DEA models. Secondly, with a series of statistical tests we compare the performance of SRI and non SRI mutual funds in the various countries, to...

One of the astonishing new developments in the financial community is the rise of ethical investments during the last decade. Particularly, the recent financial crisis has determined a major attention towards an ethically oriented finance based on social investments and environmental benefits...

One of the astonishing new developments in the financial community is the rise of ethical investments during the last decade. Particularly, the recent financial crisis has determined a major attention towards an ethically oriented finance based on social investments and environmental benefits...