Abstract

The first objective of this contribution is to evaluate the performance of socially responsible investment (SRI) equity mutual funds in the main European countries with three different data envelopment analysis (DEA) models. Secondly, with a series of statistical tests we compare the performance of SRI and non SRI mutual funds in the various countries, to determine if SRI mutual funds have to sacrifice something in terms of financial performance; the results suggests that it is possible to invest in a socially responsible manner without giving up the financial reward. Thirdly, we compare the performance obtained by SRI mutual funds among different European countries.

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