Socially (ir)responsible investing? The performance of the VICEX Fund from a business cycle perspective
comunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8648
comunitat-uji-handle3:10234/8649
comunitat-uji-handle4:
INVESTIGACIONEste recurso está restringido
10.1016/j.frl.2015.11.003 |
Metadatos
Título
Socially (ir)responsible investing? The performance of the VICEX Fund from a business cycle perspectiveFecha de publicación
2016-02Editor
ElsevierISSN
1544-6123; 1544-6131Cita bibliográfica
Amparo Soler-Domínguez, Juan Carlos Matallín-Sáez, Socially (ir)responsible investing? The performance of the VICEX Fund from a business cycle perspective, Finance Research Letters, Volume 16, 2016, Pages 190-195, ISSN 1544-6123, https://doi.org/10.1016/j.frl.2015.11.003. (https://www.sciencedirect.com/science/article/pii/S1544612315001257)Tipo de documento
info:eu-repo/semantics/articleVersión
info:eu-repo/semantics/publishedVersionPalabras clave / Materias
Resumen
We assess the performance of the VICEX Fund, which lies at the opposite end of the spectrum to socially responsible mutual funds (SRMF). This fund is morally controversial due to its higher return premium on investments ... [+]
We assess the performance of the VICEX Fund, which lies at the opposite end of the spectrum to socially responsible mutual funds (SRMF). This fund is morally controversial due to its higher return premium on investments in well-established vice companies. The empirical findings provide sufficient evidence to demonstrate that the VICEX Fund outperforms the market and provides higher return premiums than SRMF during expansion periods, but underperforms during times of economic distress. Our findings suggest a link between performance of funds and economic resilience. The VICEX Fund offers investors an excellent opportunity endorsed by its long-run sustainable performance. [-]
Publicado en
Finance Research Letters, vol. 16, (2016)Entidad financiadora
Universitat Jaume I | Ministerio de Economía y Competitividad
Código del proyecto o subvención
P1·1B2014-17 | E-2014-10 | ECO2014-55221-P
Título del proyecto o subvención
research staff mobility program
Derechos de acceso
info:eu-repo/semantics/restrictedAccess
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