Socially Responsible Funds and Market Crises

By John R. Nofsinger, A. Varma. 2014

594 citations recorded by the source corpus.

Subfields: Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/bddf7e2d3be798ad40cdb7b2d81b2c6ee0f7857d

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Citations in the corpus

Sustainable development and financial system: IntegratingESGrisks through sustainable investment strategies in a climate change context (2021, background): “Analyzing the effects of integrating ESG considerations/attributes on portfolio risks, a study of the Spanish market, Ortas et al. (2014) find that SI strategies are less risky, in terms of riskadjusted returns, than the conventional investment approach. Moreover, the lower riskiness of the SI seems”
Fossil Fuel Divestment and Portfolio Performance (2018, result): “This contrasts with Nofsinger and Varma (2014), who find that socially responsible investments display lower downside risk.”
Socially responsible and conventional investment funds: performance comparison and the global financial crisis (2015, methodology): “As is shown our procedure smooths the differences in the exposition to different risk factors between the two investment style – Nofsinger and Varma (2012).”
Institutional investors and corporate social responsibility (2019, background): “More recent research confirms that domestic SRI funds do not outperform conventional funds (Borgers, et al., 2015; Nofsinger and Varma, 2014; Adler and Kritzman, 2008) and neither do international SRI funds (Renneboog, Horst, and Zhang, 2008a; Bauer, Koedijk, and Otten, 2005).”
The Opportunity Cost of Negative Screening in Socially Responsible Investing (2017, background): “Second, we ran our main regressions again using OLS regression analysis, with Newey-West HAC standard errors and automatic lag selection (Newey and West 1987, 1994), in line with other studies (e.g., Hong and Kacperczyk 2009; Liston and Soydemir 2010; Lam et al. 2012; Nofsinger and Varma 2013).”
Environmental Mutual Funds: Financial Performance and Managerial Abilities (2014, background): “White (1995) is the first to study the specific case of green funds, analyzing the financial performance of green funds from the US and German markets.”
Integrating sustainability risks in asset management: the role of ESG exposures and ESG ratings (2019, unknown): “Following Nofsinger and Varma (2014), we define recessions by the peaks and troughs of the STOXX Europe total return index, according to which two recession periods can be identified in our sample timespan: the bursting of the dotcom bubble from March 2002 to March 2003 and the global financial…”
Inside the ESG Ratings: (Dis)Agreement and Performance (2020, unknown): “Nofsinger and Varma (2014) consider and identify also an outperformance of socially responsible mutual funds especially during periods of market crises.”
A Bibliometric and Visualization Analysis of Socially Responsible Funds (2019, background): “This relation has also been analyzed in other studies: • Statman [36] for the U.S. market, which was a comparison of the performance of different market indexes such as the S&P500 and the Domini Social Index (DSI); • Kreander et al. [43] for a sample of European funds (Belgium, Germany, Netherlands,”
ESG risks in times of Covid-19 (2020, background): “Second, it informs on the potential of ESG preferences to drive portfolio choices during crises: in this respect, it complements results by Nofsinger and Varma (2014) showing that investors preferred sustainable assets even during the great financial CONTACT Fabrizio Ferriani…”
European Green Mutual Fund Performance: A Comparative Analysis with their Conventional and Black Peers (2015, unknown): “However, in partial agreement to Nofsinger and Varma (2014), who find evidence that socially responsible mutual funds show superior financial performance during the years of crisis compared to their conventional counterparts, our results suggest that over the 2007–2014 period the green mutual funds ”