Does being nice have a price? : an investigation on socially responsible funds' performance

dc.contributor.advisorChairperson, Graduate Committee: James R. Brown.en
dc.contributor.authorOmelyukh, Inna Vasylivnaen
dc.date.accessioned2013-06-25T18:43:18Z
dc.date.available2013-06-25T18:43:18Z
dc.date.issued2009en
dc.description.abstractAre lower returns a cost of socially responsible investing? Financial theory presents opposing views on that account and empirical studies have yielded mixed results. This study evaluates the relative performance of socially responsible investment (SRI) mutual funds and tests whether the difference in financial performance of SRI funds and their benchmarks is related to the intensity of the screens and to the different types of screens employed by SRI funds. The results show that there is a curvilinear relationship between the number of exclusionary screens and fund performance, the use of environmental and alcohol screens is negatively related to fund performance, and the use of gambling and employment screens is positively related to fund performance.en
dc.identifier.urihttps://scholarworks.montana.edu/handle/1/1990en
dc.language.isoenen
dc.publisherMontana State University - Bozeman, College of Agricultureen
dc.rights.holderCopyright 2009 by Inna Vasylivna Omelyukhen
dc.subject.lcshInvestmentsen
dc.subject.lcshMutual fundsen
dc.subject.lcshEthicsen
dc.titleDoes being nice have a price? : an investigation on socially responsible funds' performanceen
dc.typeThesisen
mus.relation.departmentAgricultural Economics & Economics.en_US
thesis.catalog.ckey1509296en
thesis.degree.committeemembersMembers, Graduate Committee: Wendy A. Stock; Frank Kerinsen
thesis.degree.departmentAgricultural Economics & Economics.en
thesis.degree.genreThesisen
thesis.degree.nameMSen
thesis.format.extentfirstpage1en
thesis.format.extentlastpage52en

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