In this paper I investigate the investment behavior of SRI investors based on SRI mutual fund flows. Specifically, I analyze how SRI investors react to past performance and ethical standards. This empirical study shows that over the years along with the development of the SRI fund market, the...

More and more investors apply socially responsible screens when building their stock portfolios. This raises the question whether these investors can increase their performance by incorporating such screens into their investment process. To answer this question we implement a simple trading...

We 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...

More and more investors apply socially responsible screens when building their stock portfolios. This raises the question whether these investors can increase their performance by incorporating such screens into their investment process. To answer this question we implement a simple trading...

We 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...

More and more investors apply socially responsible screens whenbuilding their stock portfolios. This raises the question whether theseinvestors can increase their performance by incorporating such screensinto their investment process. To answer this question we implement asimple trading strategy...

We test the frequently made claim that SRI funds are conventionalfunds in disguise. For this purpose, we compare the portfolio holdings ofSRI funds to conventional funds concerning their social and environmentalstandards. Our empirical study of US equity funds shows that SRI fundshave a...