Are green and socially responsible funds more efficient than conventional funds? A DEA approaches.
In: Journal of Economic Studies, Jg. 51 (2024-02-01), Heft 2, S. 261-286
academicJournal
Zugriff:
Purpose: The main goal of this paper is better understand the risk/return trade-off of investing in socially responsible investment funds (SRIF) and green investment funds (GIF). Design/methodology/approach: To achieve our aim a green investment fund portfolio, a socially responsible investment portfolio and a conventional fund (CF) portfolio from the United States of America (USA) were selected to compare the efficiency of these three different portfolios, by using Value-Based Data Envelopment Analysis (DEA) methodology. Findings: The results point out that SRIF and GIF are more efficient than CF. For five years, the CFs have not outperformed the GIF. Originality/value: The results suggest that there is a growing awareness on the part of investors that sustainable companies are the companies that will allow a better quality of life and a more sustainable environment. It seems that somehow managers and investors are aware that the market will compensate them for thinking about a cleaner and more equitable world. [ABSTRACT FROM AUTHOR]
Copyright of Journal of Economic Studies is the property of Emerald Publishing Limited and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Titel: |
Are green and socially responsible funds more efficient than conventional funds? A DEA approaches.
|
---|---|
Autor/in / Beteiligte Person: | Neves, Maria Elisabete Duarte ; Gouveia, Maria do Castelo ; Martins, Adriana ; Costa Pinho, Joaquim Carlos da |
Zeitschrift: | Journal of Economic Studies, Jg. 51 (2024-02-01), Heft 2, S. 261-286 |
Veröffentlichung: | 2024 |
Medientyp: | academicJournal |
ISSN: | 0144-3585 (print) |
DOI: | 10.1108/JES-12-2022-0677 |
Schlagwort: |
|
Sonstiges: |
|