We investigate the existence of strategic cross-fund subsidization in SRI fund families. For asample of SRI fund families domiciled in the U.S., we find evidence of cross-fund subsidizationon performance where winning funds are subsidized by peer losing funds. However, there isno evidence of...

This paper investigates spillovers in cash flow to SRI funds within the fund family due to the existence of a star (poor) performing peer SRI fund. Using a sample of SRI funds domiciled in the U.S. and considering survivorship, we find a positive spillover effect from having a star SRI fund on...