The price of ethics and stakeholder governance: The performance of socially responsible mutual funds

By Luc Renneboog, J. T. Horst, Chendi Zhang. 2008

804 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/3f73ba36294d1972aa57382a0007263721e10368

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Benjamin R. Auer
2. Timo Busch
3. Perry Sadorsky
4. Kees G. Koedijk
5. J. T. Horst
6. Jeroen Derwall
7. Nihat Aktas
8. Eric de Bodt

In Finance

1. Perry Sadorsky
2. Benjamin R. Auer
3. Timo Busch
4. Darren D. Lee
5. Jeroen Derwall
6. Shunsuke Managi
7. J. T. Horst
8. Kees G. Koedijk

In Strategy and Management

1. Timo Busch
2. Perry Sadorsky
3. Benjamin R. Auer
4. Nicholas Nairn-Birch
5. Kees G. Koedijk
6. Jeroen Derwall
7. Magali A. Delmas
8. J. T. Horst

Citations in the corpus

• The Pollution Premium (2023, background): “…emission.38 We form double-sorted portfolios based on firm emissions and institutional investors’ 36See Hong and Kacperczyk (2009), Fabozzi et al. (2008), Renneboog et al. (2008), Starks et al. (2017), Riedl and Smeets (2017), Gibson and Krueger (2018), Dyck et al. (2019), Pastor et al. (2019),…”
• Post-innovation CSR Performance and Firm Value (2015, neutral): “…a negative or lack of association between CSR and financial/market performance (e.g., Fombrun and Shanley 1990; Hamilton et al. 1993; Klassen and Whybark 1999; McWilliams and Siegel 2000; Miles et al. 2002, 2004; Bauer et al. 2005; Brammer et al. 2006; Renneboog et al. 2008; Lee et al. 2009, 2013).”
• A tale of values-driven and profit-seeking social investors (2011, background): “Renneboog et al. (2008a) 17 countries 1991-2003 463 (16036) European and Asian SRI funds, mainly internationally oriented, underperform domestic factor models, but SRI funds do not underperform conventional funds in most countries.”
• European Green Mutual Fund Performance: A Comparative Analysis with their Conventional and Black Peers (2015, neutral): “For example, Renneboog et al. (2008) examine the performance of 440 SRI and 16,036 conventional mutual funds.”
• Divergent ESG Ratings (2020, background): “One of the first comprehensive studies, by Renneboog, Ter Horst, and Zhang (2008), examined 440 ESG funds in 17 countries, comparing them with 16,000 conventional funds.”
• Sustainable development and financial system: IntegratingESGrisks through sustainable investment strategies in a climate change context (2021, background): “Based on Renneboog et al. (2008), Eurosif (2018), and GSIA (2019) classifications, and aware of the industry practice of aggregation of strategies, which makes it increasingly challenging to be able to determine individual strategies (Eurosif, 2018), we propose a categorization of SI strategies.”
• Australian Socially Responsible Funds: Performance, Risk and Screening Intensity (2011, background): “Significant heterogeneity exists between SRI funds (Jones et al., 2008; Renneboog et al., 2008) and this may impact the performance and risk characteristics of the funds.”
• Do socially responsible investment indexes outperform conventional indexes? (2012, methodology): “Also, see Benson and Humphrey (2008), Galema et al. (2008) and Renneboog et al. (2008a) for other trends in the research.”