RT Article
T1 Evaluation of the Cultural Environment’s Impact on the Performance of the Socially Responsible Investment Funds
JF Journal of business ethics
VO 150
IS 1
SP 259
OP 278
A1 López-Arceiz, Francisco José
A1 Bellostas-Pérezgrueso, Ana José
A1 Moneva, José Mariano
A2 Bellostas-Pérezgrueso, Ana José
A2 Moneva, José Mariano
LA English
YR 2018
UL https://ixtheo.de/Record/1785664913
AB Socially responsible (SR) mutual funds match financial and environmental, social, and governance criteria in their portfolio management strategies. Several studies have examined the behavior of these funds in terms of return–risk, obtaining very different results. The present study discusses previous results and shows how these funds often outperform their conventional counterparts. Rather than the SR (or non) character of a mutual fund, a relevant explanation for this behavior is the cultural environment in which the fund operates. Thus, the ethical framework or corporate social responsibility used by the fund and its management must be assessed by considering the cultural context of the fund. This notion is the main contribution of this paper.
K1 Return–risk relationship
K1 socially responsible mutual funds
K1 Socially Responsible Investment
K1 Corporate Social Performance
K1 Cultural Environment
DO 10.1007/s10551-016-3189-4