Lesser, Kathrin and Roessle, Felix and Walkshaeusl, Christian (2016) Socially responsible, green, and faith-based investment strategies: Screening activity matters! FINANCE RESEARCH LETTERS, 16. pp. 171-178. ISSN 1544-6123, 1544-6131
Full text not available from this repository. (Request a copy)Abstract
Analyzing more than 200 internationally-investing sustainably screened funds, we find that socially responsible, green, and faith based investments have to be considered as different approaches within the broader field of sustainable investing. While socially responsible and green funds tend to underperform in non-crisis markets, faith-based funds perform similar to the market and their conventional peers during any market state. We provide evidence that the funds' specific screening activity significantly impacts the financial performance of sustainable investing vehicles in international markets. In particular, social screens lead to the underperformance of socially responsible funds, while energy screens drive the performance of green funds. (C) 2015 Elsevier Inc. All rights reserved.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | MUTUAL FUNDS; PERFORMANCE; Sustainable investment strategies; Mutual funds; International markets; Performance evaluation; Screening activity |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Business, Economics and Information Systems > Institut für Betriebswirtschaftslehre Business, Economics and Information Systems > Institut für Betriebswirtschaftslehre > Lehrstuhl für Finanzdienstleistungen (Prof. Dr. Klaus Röder) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 01 Mar 2019 12:58 |
| Last Modified: | 12 Mar 2019 06:16 |
| URI: | https://pred.uni-regensburg.de/id/eprint/2427 |
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