Socially Responsible Investing and Management Style of Mutual Funds in the Euronext Stock Markets

Scholtens, Bert; Plantinga, Auke

doi:10.2139/ssrn.259238

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Socially Responsible Investing and Management Style of Mutual Funds in the Euronext Stock Markets

20 Pages Posted: 28 Mar 2001

See all articles by Bert Scholtens

Bert Scholtens

University of Groningen, Faculty of Economics and Business, Department of Economics, Econometrics and Finance

Auke Plantinga

University of Groningen

Date Written: January 2001

Abstract

This paper analyses fund management styles on the Euronext stock exchanges. Especially, we investigate how social responsibility is accounted for. We use style analysis to assess fund performance in Belgium, France, and the Netherlands for over 800 investment funds during the 1990s. We find remarkable and significant differences in performance characteristics among these markets. Furthermore, we find that funds that to some extent mirror well known social responsibility indices tend to perform better than funds that bear no relationship with social responsible investment strategies.

Keywords: Fund Performance, Socially Responsible Investing, Investment Funds, Style Analysis, Stock Markets

JEL Classification: G11, G24, Z13

Suggested Citation: Suggested Citation

Scholtens, L.J.R. (Bert) and Plantinga, Auke, Socially Responsible Investing and Management Style of Mutual Funds in the Euronext Stock Markets (January 2001). Available at SSRN: https://ssrn.com/abstract=259238 or http://dx.doi.org/10.2139/ssrn.259238