Are socially responsible investment funds seasonal?

被引：1

作者：

Alda, Mercedes ^{[1
]}

Vicente, Ruth ^{[1
]}

机构：

[1] Univ Zaragoza, Fac Econ & Business, Dept Accounting & Finance, C Gran Via 2, Zaragoza 50005, Spain

来源：

APPLIED ECONOMICS LETTERS | 2023年 / 30卷 / 05期

关键词：

Mutual funds; seasonality; SRI;

D O I：

10.1080/13504851.2021.1999895

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We study the existence of seasonality effects in USA SRI mutual funds from November 1990 to April 2019. We analyse whether SRI funds focus on non-financial aspects and reduce the importance of changing their behaviour in certain calendar periods with the purpose of achieving better performance in these seasons. Considering several investment areas (Asia, Europe, Japan, USA and global), we study the season patterns on monthly, quarterly, and second-half yearly basis. In general, our results do not show seasonality behaviour. Consequently, SRI mutual funds do not vary their behaviour in certain calendar periods, revealing a more stable investment conduct, consistent with non-financial preferences

引用

页码：562 / 565

页数：4

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