The Performance of Socially Responsible Mutual Funds: The Role of Fees and Management Companies
In this article, we shed light on the debate about the financial performance of socially responsible investment (SRI) mutual funds by separately analyzing the contributions of before-fee performance and fees to SRI funds’ performance, and by investigating the role played by fund management companies...
| Authors: | ; ; |
|---|---|
| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
|
| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Springer
2010
|
| In: |
Journal of business ethics
Year: 2010, Volume: 94, Issue: 2, Pages: 243-263 |
| Further subjects: | B
mutual fund performance
B Socially Responsible Investment B mutual fund fees |
| Online Access: |
Volltext (JSTOR) Volltext (lizenzpflichtig) |
MARC
| LEADER | 00000caa a22000002 4500 | ||
|---|---|---|---|
| 001 | 1785638793 | ||
| 003 | DE-627 | ||
| 005 | 20230710121047.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 220112s2010 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1007/s10551-009-0260-4 |2 doi | |
| 035 | |a (DE-627)1785638793 | ||
| 035 | |a (DE-599)KXP1785638793 | ||
| 035 | |a (DE-He213)s10551-009-0260-4-e | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a 1 |2 ssgn | ||
| 100 | 1 | |a Gil-Bazo, Javier |e VerfasserIn |4 aut | |
| 245 | 1 | 4 | |a The Performance of Socially Responsible Mutual Funds: The Role of Fees and Management Companies |
| 264 | 1 | |c 2010 | |
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 520 | |a In this article, we shed light on the debate about the financial performance of socially responsible investment (SRI) mutual funds by separately analyzing the contributions of before-fee performance and fees to SRI funds’ performance, and by investigating the role played by fund management companies in the determination of those variables. We apply the matching estimator methodology to obtain our results and find that in the period 1997–2005, US SRI funds had better before- and after-fee performance than conventional funds with similar characteristics. The differences, however, are driven exclusively by SRI funds run by management companies specialized in SRI. While these funds significantly outperform similar conventional funds, funds run by companies not specialized in SRI underperform their matched conventional funds. We find no significant differences in fees between SRI and conventional funds except in one case: SRI funds are cheaper than conventional funds run by the same management company. | ||
| 601 | |a Performance | ||
| 650 | 4 | |a mutual fund performance | |
| 650 | 4 | |a mutual fund fees | |
| 650 | 4 | |a Socially Responsible Investment | |
| 700 | 1 | |a Ruiz-Verdú, Pablo |e VerfasserIn |4 aut | |
| 700 | 1 | |a Santos, André A. P. |e VerfasserIn |4 aut | |
| 773 | 0 | 8 | |i Enthalten in |t Journal of business ethics |d Dordrecht : Springer, 1982 |g 94(2010), 2, Seite 243-263 |h Online-Ressource |w (DE-627)270937129 |w (DE-600)1478688-6 |w (DE-576)121465284 |x 1573-0697 |7 nnns |
| 773 | 1 | 8 | |g volume:94 |g year:2010 |g number:2 |g pages:243-263 |
| 856 | |3 Volltext |u http://www.jstor.org/stable/40784599 |x JSTOR | ||
| 856 | 4 | 0 | |u https://doi.org/10.1007/s10551-009-0260-4 |x Resolving-System |z lizenzpflichtig |3 Volltext |
| 935 | |a mteo | ||
| 951 | |a AR | ||
| ELC | |a 1 | ||
| ITA | |a 1 |t 1 | ||
| LOK | |0 000 xxxxxcx a22 zn 4500 | ||
| LOK | |0 001 4033697675 | ||
| LOK | |0 003 DE-627 | ||
| LOK | |0 004 1785638793 | ||
| LOK | |0 005 20220112043721 | ||
| LOK | |0 008 220112||||||||||||||||ger||||||| | ||
| LOK | |0 035 |a (DE-Tue135)IxTheo#2021-12-30#00F7EABE35345E7B4F9D6CDA40296C90C63CCEA7 | ||
| LOK | |0 040 |a DE-Tue135 |c DE-627 |d DE-Tue135 | ||
| LOK | |0 092 |o n | ||
| LOK | |0 852 |a DE-Tue135 | ||
| LOK | |0 852 1 |9 00 | ||
| LOK | |0 866 |x JSTOR#http://www.jstor.org/stable/40784599 | ||
| LOK | |0 935 |a ixzs |a ixrk |a zota | ||
| ORI | |a SA-MARC-ixtheoa001.raw | ||