Evaluating the Performance of Ethical and Non-Ethical Funds: A Matched Pair Analysis

By N. Kreander, R. Gray, D. Power, C. D. Sinclair. 2005

424 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/b5e297741956238a2de8edfd25ae1e9c722f481c

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Citations in the corpus

Identifying impediments to SRI in Europe: a review of the practitioner and academic literature (2008, background): “Other European screened funds, such as the Swedish and Dutch ethical funds, show the same performance pattern (Kreander et al. 2005).”
Green and Good? The Investment Performance of US Environmental Mutual Funds (2011, background): “Kreander et al. (2005) find that management fee is a significant explanatory variable for the Jensen measure‡, while Benson et al. (2006) find no difference in fee levels nor managerial stock-picking skills between SRI and non-SRI funds.”
A Bibliometric and Visualization Analysis of Socially Responsible Funds (2019, background): “[43] for a sample of European funds (Belgium, Germany, Netherlands, Norway, Sweden and the UK); • Bello [44] for U.”
The Performance of Socially Responsible Mutual Funds: The Role of Fees and Management Companies (2010, background): “previous studies (Gregory et al., 1997; Statman, 2000; Kreander et al., 2005; Bauer et al.,”
The Effect of Environmental and Social Performance on the Stock Performance of European Corporations (2007, background): “One of these approaches are portfolio analyses (see e.g., White 1995; Cohen et al. 1997; Yamashita et al. 1999; Statman 2000; Kreander et al. 2000; Schroder 2004).”
Segmenting socially responsible mutual fund investors (2009, background): “Instead, the majority of studies comparing SRI and non SRI profiled mutual funds have reached the conclusion that there is no significant difference that could be attributed to social responsibility (Bauer et al., 2007; Kreander et al., 2005; Statman, 2000).”
Islamic mutual funds’ financial performance and international investment style: evidence from 20 countries (2011, neutral): “9 Matching Islamic equity mutual funds against conventional equity mutual funds as common in the socially responsible investment literature (e.g. Kreander et al. 2005) is not possible for large parts of our sample, as the usual databases do cover an insufficient number of conventional mutual funds…”
The price of ethics and stakeholder governance: The performance of socially responsible mutual funds (2008, background): “Multi-country studies are undertaken by Schroder (2004) for US, German and Swiss SRI funds; by Bauer et al. (2005) for US, UK and German funds; and by Kreander et al. (2005) for SRI funds in a few European countries.”
European Green Mutual Fund Performance: A Comparative Analysis with their Conventional and Black Peers (2015, neutral): “The approach stems from the CAPMbased (see Sharpe 1964; Lintner 1965); Jensen (1968) alpha measure, which captures the risk-adjusted average abnormal return in excess of a market benchmark.”