Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/56640
Full metadata record
DC FieldValueLanguage
dc.contributor.authorHirschberger, Markusen_US
dc.contributor.authorSteuer, Ralph E.en_US
dc.contributor.authorUtz, Sebastianen_US
dc.contributor.authorWimmer, Maximilianen_US
dc.date.accessioned2012-03-08en_US
dc.date.accessioned2012-04-05T16:12:37Z-
dc.date.available2012-04-05T16:12:37Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/56640-
dc.description.abstractThis paper presents the results of an empirical study concerning conventional and socially responsible mutual funds.We apply a sophisticated operations research algorithm embedded in inverse portfolio optimization on financial market data, ESG-scores and CRSP fund data. Due to our results we cannot find strong evidence of di erences between conventional and socially responsible mutual funds. In particular, the calculated risk tolerance parameters describing the real portfolio composition best show that socially responsible mutual funds may be even less concerned about the ESG-scores in the preference functional than conventional funds.en_US
dc.language.isoengen_US
dc.publisher|aSFB 649, Economic Risk |cBerlinen_US
dc.relation.ispartofseries|aSFB 649 discussion paper |x2012-025en_US
dc.subject.jelC61en_US
dc.subject.jelG11en_US
dc.subject.ddc330en_US
dc.subject.keywordsocially responsible investingen_US
dc.subject.keywordinverse portfolio selectionen_US
dc.subject.stwEthische Geldanlageen_US
dc.subject.stwInvestmentfondsen_US
dc.subject.stwPortfolio-Managementen_US
dc.subject.stwVergleichen_US
dc.subject.stwSchätzungen_US
dc.subject.stwWelten_US
dc.titleIs socially responsible investing just screening? Evidence from mutual fundsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn688143695en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

Files in This Item:
File
Size
279.96 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.