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Published (Version of Record)CC BY V4.0, Open Access
Journal article
Performance of socially responsible investment funds in China: A comparison with traditional funds
Sustainability, Vol.14(3), Article. 1476
2022
Abstract
This paper empirically examines and compares social responsibility investment funds to traditional funds, and explores the performance of the existing social responsibility investment funds in China. Based on 64 social responsibility investment funds (SRI Funds) and 64 traditional funds, this paper extracts the data of the sample fund from the fourth quarter of 2016 to the fourth quarter of 2019 as sample data to conduct a comparative analysis of the difference between the SRI fund and the traditional fund in terms of return and risk, and to then empirically study the performance of the funds. The results show that the difference between the return of China’s socially responsible investment funds and the traditional funds is insignificant, and the risk of socially responsible investment funds is significantly lower than that of traditional funds. The regression analysis is also carried out on a model of social responsibility as a factor affecting the performance of the funds. Subsequently, the results show that social responsibility has a significant positive impact on the fund’s return in the Chinese market.
Details
- Title
- Performance of socially responsible investment funds in China: A comparison with traditional funds
- Authors/Creators
- F. Saci (Author/Creator) - Institut Paul BocuseS.M. Jasimuddin (Author/Creator) - Kedge Business SchoolM. Hasan (Author/Creator) - Murdoch University
- Publication Details
- Sustainability, Vol.14(3), Article. 1476
- Publisher
- MDPI
- Identifiers
- 991005543155807891
- Copyright
- © 2022 by the authors
- Murdoch Affiliation
- Do not use- Former Murdoch Business School
- Language
- English
- Resource Type
- Journal article
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- Collaboration types
- Domestic collaboration
- International collaboration
- Citation topics
- 6 Social Sciences
- 6.3 Management
- 6.3.385 Corporate Social Responsibility
- Web Of Science research areas
- Environmental Sciences
- Environmental Studies
- Green & Sustainable Science & Technology
- ESI research areas
- Environment/Ecology