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Socially Responsible Mutual Funds (corrected)
Abstract
Conversations about socially responsible investing are difficult because they combine facts with beliefs. Proponents of socially responsible investing believe that combining social goals with investments does good; opponents believe that such combinations are unwise or even illegitimate. In this article, I try to separate facts from beliefs. I report that the Domini Social Index, an index of socially responsible stocks, did better than the S&P 500 Index and that socially responsible mutual funds did better than conventional mutual funds over the 1990–98 period but the differences between their risk-adjusted returns are not statistically significant. Both groups of mutual funds trailed the S&P 500 Index. Errata
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Cited by
Why and How Investors Use ESG Information: Evidence from a Global Survey
Amel-Zadeh, A., & Serafeim, G. (2018) · Financial Analysts Journal · doi:10.2469/faj.v74.n3.2 · Cited by 1,721
The Eco-Efficiency Premium Puzzle
Derwall, J., Guenster, N., Bauer, R., & Koedijk, K. (2005) · Financial Analysts Journal · doi:10.2469/faj.v61.n2.2716 · Cited by 965
The effect of socially responsible investing on portfolio performance
Kempf, A., & Osthoff, P. (2007) · European Financial Management · doi:10.1111/j.1468-036x.2007.00402.x · Cited by 851
Teegen, H., Doh, J. P., & Vachani, S. (2004) · Journal of International Business Studies · doi:10.1057/palgrave.jibs.8400112 · Cited by 682
Socially responsible funds and market crises
Nofsinger, J., & Varma, A. (2014) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2013.12.016 · Cited by 648
Metadata
- Authors
- Statman, M.
- Venue
- Financial Analysts Journal
- Publisher
- Informa UK Limited
- Published
- 2000-05
- Volume
- 56
- Issue
- 3
- Pages
- 30-39
- ISSN
- 0015-198X (ISSN-L)
- 1938-3312
- OpenAlex
- W2140814689
- Cited by
- 713
- References
- 0
- FWCI
- 13.21
- Type
- journal article
- Language
- en
- Open access
- closed
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