Socially Responsible Mutual Funds: An Efficiency Comparison Among the European Countries

17 Pages Posted: 18 Apr 2012

See all articles by Antonella Basso

Antonella Basso

Ca Foscari University of Venice - Dipartimento di Economia

Stefania Funari

Ca Foscari University of Venice - Department of Management

Date Written: April 16, 2012

Abstract

The first objective of this contribution is to evaluate the performance of SRI equity mutual funds in the main European countries with three different DEA models. Secondly, with a series of statistical tests we compare the performance of SRI and non SRI mutual funds in the various countries, to determine if SRI mutual funds have to sacrifice something in terms of financial performance. Thirdly, we compare the performance obtained by SRI mutual funds among the different European countries.

Keywords: SRI mutual funds, performance evaluation, data envelopment analysis

JEL Classification: C65, G1, G23

Suggested Citation

Basso, Antonella and Funari, Stefania, Socially Responsible Mutual Funds: An Efficiency Comparison Among the European Countries (April 16, 2012). Department of Management, Università Ca' Foscari Venezia Working Paper No. 3/2012. Available at SSRN: https://ssrn.com/abstract=2041055 or http://dx.doi.org/10.2139/ssrn.2041055

Antonella Basso

Ca Foscari University of Venice - Dipartimento di Economia ( email )

Cannaregio 873
Venice, 30121
Italy
+39-041-2346914 (Phone)

HOME PAGE: http://www.unive.it/nqcontent.cfm?a_id=82251&pid=5591751

Stefania Funari (Contact Author)

Ca Foscari University of Venice - Department of Management ( email )

San Giobbe, Cannaregio 873
Venice, 30121
Italy

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