Challenging the conventional wisdom on active management: A review of the past 20 years of academic literature on actively managed mutual funds
KJM Cremers, JA Fulkerson, TB Riley - Financial Analysts Journal, 2019 - Taylor & Francis
Just over 20 years have passed since the publication of Mark Carhart's landmark 1997 study
on mutual funds. Its conclusion—that the data did “not support the existence of skilled or …
on mutual funds. Its conclusion—that the data did “not support the existence of skilled or …
Socially responsible funds and market crises
J Nofsinger, A Varma - Journal of banking & finance, 2014 - Elsevier
Compared to matched conventional mutual funds, socially responsible mutual funds
outperform during periods of market crises. This dampening of downside risk comes at the …
outperform during periods of market crises. This dampening of downside risk comes at the …
Financial performance of socially responsible investing (SRI): what have we learned? A meta‐analysis
C Revelli, JL Viviani - Business Ethics: A European Review, 2015 - Wiley Online Library
With a meta‐analysis of 85 studies and 190 experiments, the authors test the relationship
between socially responsible investing (SRI) and financial performance to determine …
between socially responsible investing (SRI) and financial performance to determine …
Do investors pay a premium for going green? Evidence from alternative energy mutual funds
JC Reboredo, M Quintela, LA Otero - Renewable and Sustainable Energy …, 2017 - Elsevier
We studied the financial performance of alternative energy mutual funds using multifactor
models and propensity score matching techniques. For a sample of alternative energy …
models and propensity score matching techniques. For a sample of alternative energy …
[HTML][HTML] A factor approach to the performance of ESG leaders and laggards
H Naffa, M Fain - Finance Research Letters, 2022 - Elsevier
We introduce a factor approach to performance measurement of global ESG equity
investments. We construct ESG pure factor portfolios (PFP) following Fama-MacBeth; then …
investments. We construct ESG pure factor portfolios (PFP) following Fama-MacBeth; then …
Institutional investors and corporate social responsibility
Institutional investors appear to have selective preferences regarding corporate social
responsibility. They appear indifferent to the presence of positive environmental (E) and …
responsibility. They appear indifferent to the presence of positive environmental (E) and …
Revisiting the sustainable versus conventional investment dilemma in COVID-19 times
Sustainable living has emerged as the need of the hour for mankind in present times.
Practitioners, as well as scholarship in the area, are divided over the comparison of financial …
Practitioners, as well as scholarship in the area, are divided over the comparison of financial …
[PDF][PDF] Sin stock returns
FJ Fabozzi, KC Ma, BJ Oliphant - The Journal of …, 2008 - gyanresearch.wdfiles.com
Sin Stock Returns Page 1 IT IS ILLEGAL TO REPRODUCE THIS ARTICLE IN ANY
FORMAT 82 SIN STOCK RETURNS FALL 2008 In Episode 40 of the HBO series “The …
FORMAT 82 SIN STOCK RETURNS FALL 2008 In Episode 40 of the HBO series “The …
Corporate social responsibility behaviors and corporate reputation
S Jeffrey, S Rosenberg, B McCabe - Social Responsibility Journal, 2019 - emerald.com
Purpose This paper aims to study how corporate social responsibility (CSR) behaviors can
lead to corporate membership on Fortune Magazine's Most Admired Companies list …
lead to corporate membership on Fortune Magazine's Most Admired Companies list …
ESG investing: From sin stocks to smart beta
F Alessandrini, E Jondeau - The Journal of Portfolio …, 2020 - jpm.pm-research.com
Research on socially responsible investment in equity markets initially focused on sin
stocks. Since then, the availability of data has been extended substantially and now covers …
stocks. Since then, the availability of data has been extended substantially and now covers …