Abstract

This paper provides the results of a descriptive study of the socially responsible mutual funds currently existing in the U.S.A. Managers of these funds employ very similar procedures for evaluating firms with social criteria, although there was no one social criterion used unanimously. Sources of social information used varied widely from fund to fund with data provided by firms being the most frequently used. Managers believe a higher priority should be given to requiring public disclosure of data already being produced for limited distribution, e.g. EEO data.

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