Importance of the fund management company in the performance of socially responsible mutual funds

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dc.contributor.authorBelghitar, Yacine
dc.contributor.authorClark, Ephraim
dc.contributor.authorDeshmukh, Nitin
dc.date.accessioned2017-09-15T16:24:20Z
dc.date.available2017-09-15T16:24:20Z
dc.date.issued2017-09-01
dc.description.abstractWe compare the performance of a sample of U.K.-based socially responsible investment (SRI) funds with similar conventional funds using a matched-pair analysis based on size, age, investment universe, and fund management company (FMC). We find that both the SRI and conventional funds outperform the market index about 50% of the time, even after fees. Subsample tests show that the SRI funds in our sample perform better in the pre- and postfinancial crisis periods but underperform during the financial crisis period. Importantly, we find that the FMC plays a major role in the outperformance of both SRI and conventional funds.en_UK
dc.identifier.citationBelghitar Y, Clark E, Deshmukh N. (2017) Importance of the fund management company in the performance of socially responsible mutual funds. Journal of Financial Research, Volume 40, Issue 3, Fall 2017, pp. 349-367en_UK
dc.identifier.cris18359875
dc.identifier.issn0270-2592
dc.identifier.urihttps://doi.org/10.1111/jfir.12127
dc.identifier.urihttp://dspace.lib.cranfield.ac.uk/handle/1826/12500
dc.language.isoenen_UK
dc.publisherWileyen_UK
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.titleImportance of the fund management company in the performance of socially responsible mutual fundsen_UK
dc.typeArticleen_UK

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