This study examines the performance of socially responsible mutual funds from 1999 to 2009. To minimize the benchmark error, we apply propensity-score-matching method to identify a most comparable conventional fund for every socially responsible fund based on several key fund characteristics. We...

We study the differences in hiring between White and minority managers in mutual fund industry over the past 30 years. While our results demonstrate a significant improvement in racial diversity over time, minorities still face higher barriers to entry. Our results indicate that a higher...