Investing in Socially Responsible Mutual Funds

By Christopher C. Geczy, Rob Stambaugh, David Levin. 2005

409 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/bae06e49dacac947cd5cedd4ba9947e401ccd06f

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Citations in the corpus

Corporate Environmental Responsibility and Equity Prices (2013, neutral): “In addition, due to environmentally/socially responsible companies’ underperformance or the opportunity cost of picking stocks from a restricted universe, environmentally responsible mutual funds are also found to perform poorly (Climent and Soriano 2011), so do other socially responsible mutual fun”
Voluntary Corporate Environmental Initiatives and Shareholder Wealth (2011, positive): “White (1996) and Geczy et al (2005) find that socially or environmentally responsible mutual funds earn lower risk-adjusted returns.”
Are Sin Stocks Paying the Price for Accounting Sins? (2011, neutral): “Healthy financial performance and deep pockets also attract the attention of co-defendants: ‘‘the asbestos alliance is looking to the tobacco industry as a deep pocket because it contends that roughly half of the $80 billion in present and future asbestos claims can be linked to cigarettes’’ (Geyeli”
The Performance of Socially Responsible Mutual Funds: The Role of Fees and Management Companies (2010, positive): “Indeed, Geczy et al. (2005) show that an optimal investment strategy in conventional funds may outperform a similarly optimal investment in SRI funds, while Renneboog et al.”
Corporate Social Responsibility: Is it Rewarded by the Corporate Bond Market? A Critical Note (2010, neutral): “verse and are not convinced of the positive impact on their portfolios with respect to risk-reward characteristics (Geczy et al., 2005).”
Beyond Dichotomy: The Curvilinear Relationship between Social Responsibility and Financial Performance (2006, neutral): “However, mutual funds are also concerned with diversification (Sharpe, 1964; Black, Jensen, and Scholes, 1972; Campbell et al., 2001; Geczy et al., 2003).”