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dc.contributor.authorKempf, Alexanderen
dc.contributor.authorOsthoff, Peeren
dc.date.accessioned2012-04-30-
dc.date.accessioned2012-05-02T15:44:51Z-
dc.date.available2012-05-02T15:44:51Z-
dc.date.issued2007-
dc.identifier.urihttp://hdl.handle.net/10419/57726-
dc.description.abstractWe test the frequently made claim that SRI funds are conventional funds in disguise. For this purpose, we compare the portfolio holdings of SRI funds to conventional funds concerning their social and environmental standards. Our empirical study of US equity funds shows that SRI funds have a significantly higher ethical ranking than standard funds, i.e., they are not conventional funds in disguise. This result holds for all ethical criteria we investigate. It is stable over time and holds after controlling for several fund characteristics. Finally, we find no evidence that our result is generated by window dressing strategies of SRI funds.en
dc.language.isoengen
dc.publisher|aUniversity of Cologne, Centre for Financial Research (CFR) |cCologneen
dc.relation.ispartofseries|aCFR Working Paper |x07-13en
dc.subject.jelG11en
dc.subject.jelG20en
dc.subject.jelM14en
dc.subject.ddc330en
dc.subject.keywordSocially Responsible Mutual Fundsen
dc.subject.keywordSocially Responsible Investingen
dc.subject.keywordEthical Investmenten
dc.titleSRI funds: Nomen est omen-
dc.typeWorking Paperen
dc.identifier.ppn714985082en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cfrwps:0713en

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