European Green Mutual Fund Performance: A Comparative Analysis with their Conventional and Black Peers
We conduct the first comparative analysis of the financial performance of European green, black (fossil energy and natural resource) and conventional mutual funds. Based on a unique dataset of 175 green, 259 black and 976 conventional mutual funds, the investigation contrasts the financial performan...
| Authors: | ; |
|---|---|
| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
|
| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Springer Science + Business Media B. V
2017
|
| In: |
Journal of business ethics
Year: 2017, Volume: 145, Issue: 2, Pages: 337-355 |
| Further subjects: | B
M14
B Black mutual funds B Green mutual funds B F30 B Conventional mutual funds B G11 B G23 B G15 B Risk-adjusted returns B Socially responsible investments |
| Online Access: |
Volltext (JSTOR) Volltext (lizenzpflichtig) |
MARC
| LEADER | 00000caa a22000002 4500 | ||
|---|---|---|---|
| 001 | 1785662376 | ||
| 003 | DE-627 | ||
| 005 | 20230331053747.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 220112s2017 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1007/s10551-015-2850-7 |2 doi | |
| 035 | |a (DE-627)1785662376 | ||
| 035 | |a (DE-599)KXP1785662376 | ||
| 035 | |a (DE-He213)s10551-015-2850-7-e | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a 1 |2 ssgn | ||
| 100 | 1 | |a Ibikunle, Gbenga |e VerfasserIn |4 aut | |
| 245 | 1 | 0 | |a European Green Mutual Fund Performance: A Comparative Analysis with their Conventional and Black Peers |
| 264 | 1 | |c 2017 | |
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 520 | |a We conduct the first comparative analysis of the financial performance of European green, black (fossil energy and natural resource) and conventional mutual funds. Based on a unique dataset of 175 green, 259 black and 976 conventional mutual funds, the investigation contrasts the financial performance of the three dissimilar investment orientations over the 1991–2014 period. Over the full sample period, green mutual funds significantly underperform relative to conventional funds, while no significant risk-adjusted performance differences between green and black mutual funds could be established during the same period. Environmentally friendly investment vehicles display a significant exposure to small cap and growth stocks, while black funds are more exposed to value stocks. Remarkably, the green funds’ risk-adjusted return profile progressively improves over time until no difference in the performance of the green and the conventional classes could be discerned. Further evidence suggests that the green funds are beginning to significantly outperform their black peers, especially over the 2012–2014 investment window. | ||
| 601 | |a Performance | ||
| 650 | 4 | |a M14 | |
| 650 | 4 | |a G23 | |
| 650 | 4 | |a G15 | |
| 650 | 4 | |a G11 | |
| 650 | 4 | |a F30 | |
| 650 | 4 | |a Risk-adjusted returns | |
| 650 | 4 | |a Socially responsible investments | |
| 650 | 4 | |a Conventional mutual funds | |
| 650 | 4 | |a Black mutual funds | |
| 650 | 4 | |a Green mutual funds | |
| 700 | 1 | |a Steffen, Tom |e VerfasserIn |4 aut | |
| 773 | 0 | 8 | |i Enthalten in |t Journal of business ethics |d Dordrecht [u.a.] : Springer Science + Business Media B.V, 1982 |g 145(2017), 2, Seite 337-355 |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:145 |g year:2017 |g number:2 |g pages:337-355 |
| 856 | |3 Volltext |u http://www.jstor.org/stable/45022249 |x JSTOR | ||
| 856 | 4 | 0 | |u https://doi.org/10.1007/s10551-015-2850-7 |x Resolving-System |z lizenzpflichtig |3 Volltext |
| 935 | |a mteo | ||
| 936 | u | w | |d 145 |j 2017 |e 2 |h 337-355 |
| 951 | |a AR | ||
| ELC | |a 1 | ||
| ITA | |a 1 |t 1 | ||
| LOK | |0 000 xxxxxcx a22 zn 4500 | ||
| LOK | |0 001 4033721274 | ||
| LOK | |0 003 DE-627 | ||
| LOK | |0 004 1785662376 | ||
| LOK | |0 005 20220112043859 | ||
| LOK | |0 008 220112||||||||||||||||ger||||||| | ||
| LOK | |0 035 |a (DE-Tue135)IxTheo#2021-12-30#7FD5ED3F7F6E60557EB53969828714866D29AAA4 | ||
| 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/45022249 | ||
| LOK | |0 935 |a ixzs |a ixrk |a zota | ||
| ORI | |a SA-MARC-ixtheoa001.raw | ||