Screening US mutual funds for social responsibility and irresponsibility

Artinger, Jakob and Kreuzer, Christian (2026) Screening US mutual funds for social responsibility and irresponsibility. FINANCE RESEARCH LETTERS, 87: 109002. ISSN 1544-6123, 1544-6131

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Abstract

This study examines 139 socially responsible and 4,898 conventional U.S. mutual funds from 2013-2020, analyzing social responsibility and irresponsibility by screening fund holdings. SR funds show higher weighted ESG ratings and subscores than conventional funds but underperform regarding corporate scandals, driven by social and governance issues, with no significant differences in environmental scandals. Passive SR funds tend to show higher weighted ESG scores than active SR funds. The findings offer valuable insights for ethical investors and fund managers to enhance investment strategies and decision-making.

Item Type: Article
Uncontrolled Keywords: PERFORMANCE; MATTER; Mutual funds; Sustainable finance; Corporate scandals; CSR; ESG; SRI
Subjects: 300 Social sciences > 330 Economics
Divisions: Business, Economics and Information Systems > Institut für Betriebswirtschaftslehre > Lehrstuhl für Finanzierung (Prof. Dr. Gregor Dorfleitner)
Depositing User: Dr. Gernot Deinzer
Date Deposited: 07 May 2026 06:48
Last Modified: 07 May 2026 06:48
URI: https://pred.uni-regensburg.de/id/eprint/65975

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