Socially Responsible Investment Funds: Investor Reaction to Current and Past Returns

By K. Benson, Jacquelyn E. Humphrey. 2008

298 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/cb1693053fc5e45c1d0fe361895208bed2857292

How researchers see this paper

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

In Economics and Econometrics

1. Shunsuke Managi
2. Tatsuyoshi Okimoto
3. Jeroen Derwall
4. Darren D. Lee
5. Matt Wallis
6. Christian Klein
7. Yawen Jiao
8. J. T. Horst

In Finance

1. John R. Nofsinger
2. A. Varma
3. Darren D. Lee
4. Jeroen Derwall
5. Christian Klein
6. Matt Wallis
7. J. T. Horst
8. Kees G. Koedijk

In Strategy and Management

1. Christian Klein
2. Matt Wallis
3. Kees G. Koedijk
4. Jeroen Derwall
5. J. T. Horst
6. Yawen Jiao
7. John R. Nofsinger
8. A. Varma

Citations in the corpus

• Do socially responsible investment indexes outperform conventional indexes? (2012, background): “Also, see Benson and Humphrey (2008), Galema et al. (2008) and Renneboog et al. (2008a) for other trends in the research.”
• Stakeholder welfare and firm value (2010, background): “8 There is also a growing literature (e.g., Benson and Humphrey, 2008; Galema et al., 2008) on the performance of socially responsible investment (SRI).”
• Ethical requirement and financial interest: a literature review on socially responsible investing (2015, background): “In their study, Benson and Humphrey (2008) find that SRI fund flows are overall less sensitive to past returns than conventional fund flows and that SR investors are more likely to reinvest in funds they already own.”
• Australian Socially Responsible Funds: Performance, Risk and Screening Intensity (2011, background): “However, if we accept that SRI investors gain both financial and non-financial utility from their investment choices (Benson and Humphrey, 2008; Chami et al., 2002), then these results imply that SRI investor utility is maximised as they are able to earn competitive returns while maximising their so”
• Socially Responsible Funds and Market Crises (2014, background): “Consistent with this conjecture, Renneboog, Horst, and Zhang (2011) and Benson and Humphrey (2008) find that SRI investors may be more loyal to SRI mutual funds than are conventional investors.”
• The Performance of Socially Responsible Mutual Funds: The Role of Fees and Management Companies (2010, unknown): “Bollen (2007) finds that flows of money to SRI funds in the US are more sensitive to performance than flows to conventional funds when returns in the previous year are positive, and less sensitive when past returns are negative.”
• Firms and social responsibility: A review of ESG and CSR research in corporate finance (2021, background): “(5)See, for example, Benson and Humphrey (2008), Renneboog, ter Horst, and Zhang (2008), Humphrey, Lee, and Shen (2012), and Guiso, Sapienza, and Zingales (2006). (6)See, for example, Christensen, Hail, and Leuz (2018) for a review of CSR and sustainability reporting standards, Servaes and Tamayo (2”