Is Performance the Key Issue in SRI Funds? Conclusion and Lessons Learned from Three Decades of Studies
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Metadatos
Mostrar el registro completo del ítemcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8648
comunitat-uji-handle3:10234/146205
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INVESTIGACIONMetadatos
Título
Is Performance the Key Issue in SRI Funds? Conclusion and Lessons Learned from Three Decades of StudiesFecha de publicación
2024-02-03Editor
Palgrave MacmillanISBN
9783031225383Cita bibliográfica
Meyers, S.M., Torres, M.J.M., Ferrero Ferrero, I. (2023). Is Performance the Key Issue in SRI Funds? Conclusion and Lessons Learned from Three Decades of Studies. In: La Torre, M., Leo, S. (eds) Contemporary Issues in Sustainable Finance. Palgrave Studies in Impact Finance. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-22539-0_6Tipo de documento
info:eu-repo/semantics/bookPartVersión de la editorial
https://link.springer.com/chapter/10.1007/978-3-031-22539-0_6Versión
info:eu-repo/semantics/publishedVersionPalabras clave / Materias
Resumen
This paper conducts a systematic literature review of primary studies that
analyze the relative performance of SRI Equity investment funds vs their conven tional counterparts. The existing literature is analyzed and ... [+]
This paper conducts a systematic literature review of primary studies that
analyze the relative performance of SRI Equity investment funds vs their conven tional counterparts. The existing literature is analyzed and categorized in two sam ples depending on the benchmark used. Based on our research of the period between
1992 to July 2021 we arrive at a total sample of 54 papers. We can conclude that
the vast majority (67%) of the empirical studies show no difference or a not statis tically significant difference in the relative financial performance of SRI funds. We
analyze trends in the literature and suggested “best practices” (sample size, period
of the analysis, and use of multifactor measures). For the studies that use conven tional funds as a benchmark, we analyze the use of the matched pair and the number
of matching criteria. For studies that use an index as a benchmark, we observe dif ferences between studies that use conventional indices, SRI indices, or both. The
results suggest that performance may not be the key issue. We conclude with a de bate on critical issues: ESG as a risk management tool, the relevance of the screen ing process of SRI funds, holding analysis, regulation or skills, and timing abilities
of fund managers [-]
Publicado en
La Torre, M., Leo, S. (eds) Contemporary Issues in Sustainable Finance. Palgrave Studies in Impact Finance. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-22539-0_6Derechos de acceso
http://rightsstatements.org/vocab/InC/1.0/
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