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- W1523093364 abstract "Empirical studies, which analyse the performance of Socially Responsible Investment (SRI) funds relative to conventional funds, find contradictory results. The aim of this paper is to investigate, with the help of a meta-analysis, how selected primary study characteristics influence the probability of a significant under- or outperformance of SRI funds compared with conventional funds. 25 studies with more than 500 observations are included in the meta-analysis. The results of this paper suggest that the consideration of the survivorship bias in a study increases (decreases) the probability of a significant outperformance (underperformance) of SRI funds relative to conventional funds. The focus on United States (US) SRI funds increases (decreases) the probability of a significant outperformance (underperformance) too. The time period influences the probability of a significant under- and outperformance of SRI funds as well, but based on the results of this paper, it is not possible to draw general conclusions on this variable." @default.
- W1523093364 created "2016-06-24" @default.
- W1523093364 creator A5048635526 @default.
- W1523093364 date "2012-03-12" @default.
- W1523093364 modified "2023-09-27" @default.
- W1523093364 title "The performance of socially responsible investment funds: A meta-analysis" @default.
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