Funds seen as trailing stocks in social impactReports on the study conducted by the Covenant Investment Management on mutual funds. Lack of social impact of mutual funds.Holliday, KalenAmerican Banker
Social Impact Spark positive change. A relentless ally for social good. At Ally, we firmly believe it’s our responsibility as corporate citizens to make a positive social impact on the world around us. This belief is embedded in the very fabric of our business and culture. ...
Renneboog, L., Ter Horst, J., & Zhang, C. (2008). The price of ethics and stakeholder governance: The performance of socially responsible mutual funds. Journal of Corporate Finance, 14(3), 302–322. Revelli, C., & Viviani, J.-L. (2015). Financial performance of socially responsible...
capitalization. One plausible rationale is that mutual funds predominantly invest in stocks of larger firms, leading to heightened demand and subsequent escalation of their market prices. Consequently, this augmented demand contributes to a diminished earnings yield for companies characterized by significant ...
Renneboog L, Horst JT, Zhang C (2008) The price of ethics and stakeholder governance: the performance of socially responsible mutual funds. J Corp Financ 14:302–322 Article Google Scholar Sharma P, Sharma S (2011) Drivers of proactive environmental strategy in family firms. Bus Ethics Q ...
Increasingly, the numbers suggest that the answer is yes. The number of socially responsible mutual funds in the United States alone has gone from two firms holding $66 million in assets in 1980, to nearly 200 funds today with assets over $150 billion. ...
Mutual funds using social screening in investment decisions slightly outperformed other mutual funds. A general conclusion is that a firm’s social actions do not harm its long-term performance. Exhibit 5–3 Trends in SRI The Greening of Management The recognition of the close link between an ...
Shifting some of your assets to tax-efficient or tax-free investments, such as municipal bonds, tax-exempt mutual funds, or tax-exempt exchange-traded funds, can offer continued growth without increasing taxable income. Take note that although municipal bonds are generally exempt from federal and ...
a few papers show that some SRI funds are able to outperform: ** demonstrate that specialized management SRI firms that perform active portfolio selection are able to outperform conventional mutual funds,Footnote4and Gibson et al. (2020) show that funds’ investment strategies based on sustainability...
Given that social capital and individual fertility intentions may interact and that there may be variables that affect both social capital and fertility intentions, which can lead to measurement error, there may be endogeneity problems caused by omitted variables or mutual causality. To test for wheth...