RT Article
T1 Green and Good? The Investment Performance of US Environmental Mutual Funds
JF Journal of business ethics
VO 103
IS 2
SP 275
OP 287
A1 Climent, Francisco
A1 Soriano, Pilar
LA English
PB Springer Science + Business Media B. V
YR 2011
UL https://www.ixtheo.de/Record/1785643193
AB Increased concern for the environment has increased the number of investment opportunities in mutual funds specialized in promoting responsible environmental attitudes. This article examines the performance and risk sensitivities of US green mutual funds vis-à-vis their conventional peers. We also analyze and compare this performance relative to other socially responsible investing (SRI) mutual funds. In order to implement this analysis, we apply a CAPM-based methodology and find that in the 1987–2009 period, environ- mental funds had lower performance than conventional funds with similar characteristics. However, if we focus on a more recent period (2001–2009), green funds achieved adjusted returns not significantly different from the rest of SRI and conventional mutual funds.
K1 M14
K1 G23
K1 G15
K1 G11
K1 F30
K1 Corporate Social Responsibility
K1 Ethical Investing
K1 Performance Evaluation
K1 mutual funds
K1 Socially responsible investments
DO 10.1007/s10551-011-0865-2