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Doing Well While Doing Good? The Investment Performance of Socially Responsible Mutual Funds
Abstract
"Socially responsible" investors favor certain companies over others according to criteria such as production of weapons or use of alternative energy sources. We find that socially responsible mutual funds do not earn statistically significant excess returns and that the performance of such mutual funds is not statistically different from the performance of conventional mutual funds.
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Citations
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Metadata
- Authors
- Hamilton, S., Jo, H., & Statman, M.
- Venue
- Financial Analysts Journal
- Publisher
- Informa UK Limited
- Published
- 1993-11
- Volume
- 49
- Issue
- 6
- Pages
- 62-66
- ISSN
- 0015-198X (ISSN-L)
- 1938-3312
- OpenAlex
- W2127999994
- Cited by
- 861
- References
- 0
- FWCI
- 5.19
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
