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
收藏
页码：562 / 565
页数：4
相关论文
共 50 条
  • [41] A Theory of Socially Responsible Investment
    Oehmke, Martin
    Opp, Marcus M.
    REVIEW OF ECONOMIC STUDIES, 2024,
  • [42] Socially Responsible Investment in France
    Crifo, Patricia
    Mottis, Nicolas
    BUSINESS & SOCIETY, 2016, 55 (04) : 576 - 593
  • [43] The Heterogeneity of Socially Responsible Investment
    Joakim Sandberg
    Carmen Juravle
    Ted Martin Hedesström
    Ian Hamilton
    Journal of Business Ethics, 2009, 87
  • [44] The Heterogeneity of Socially Responsible Investment
    Sandberg, Joakim
    Juravle, Carmen
    Hedesstrom, Ted Martin
    Hamilton, Ian
    JOURNAL OF BUSINESS ETHICS, 2009, 87 (04) : 519 - 533
  • [45] Rational socially responsible investment
    Peylo, Benjamin Tobias
    CORPORATE GOVERNANCE-THE INTERNATIONAL JOURNAL OF BUSINESS IN SOCIETY, 2014, 14 (05): : 699 - +
  • [46] Performance of Socially Responsible Investment
    Barca, El-Mehdi
    PROCEEDINGS OF THE 10TH INTERNATIONAL CONFERENCE ON INNOVATION AND MANAGEMENT, 2013, : 1366 - 1369
  • [47] Is ethical money financially smart? Nonfinancial attributes and money flows of socially responsible investment funds
    Renneboog, Luc
    Ter Horst, Jenke
    Zhang, Chendi
    JOURNAL OF FINANCIAL INTERMEDIATION, 2011, 20 (04) : 562 - 588
  • [48] Institutional investors and the adoption of socially responsible investment: an explorative case study of Dutch pension funds
    Wagemans, F. A. J.
    Verstappen, R. J.
    van Koppen, C. S. A.
    Tobi, H.
    Mol, A. P. J.
    JOURNAL OF SUSTAINABLE FINANCE & INVESTMENT, 2024,
  • [49] Intervention analysis of time series of heritage and capital flow of socially responsible investment funds of Brazil
    Ferruz Agudo, Luis
    Marco Sanjuan, Isabel
    Knebel Baggio, Daniel
    CONTABILIDAD Y NEGOCIOS, 2011, 6 (12) : 26 - 35
  • [50] Canadian Socially Responsible Investment Mutual Funds Performance Evaluation Using Data Envelopment Analysis
    Ayadi, Mohamed A.
    Ben Ghazi, Zouhour
    Chabchoub, Habib
    MULTIPLE CRITERIA DECISION MAKING IN FINANCE, INSURANCE AND INVESTMENT, 2015, : 77 - 133
12345