Sorting mutual funds with respect to process-oriented social responsibility: A FLOWSORT application

Decision Science Letters, 3(4), 551-562

15 Pages Posted: 13 Feb 2014 Last revised: 22 Jun 2016

See all articles by Tim Verheyden

Tim Verheyden

Arabesque Partners; Vrije Universiteit Brussel - Faculty of Economic and Social Sciences and Solvay Business School

Lieven De Moor

Vrije Universiteit Brussel

Date Written: 2014

Abstract

We establish a robust FLOWSORT-based tool to sort mutual funds with respect to process-oriented social responsibility and recommend the use of limiting profiles with open classes. The tool provides an alternative for the limited dichotomous classification of funds, i.e. socially responsible investing (SRI) versus conventional funds. By allowing for more heterogeneity in social responsibility the sorting tool is promising for scholars to improve fund performance measurements, and useful for governments to better regulate the supply of SRI products.

Keywords: FLOWSORT, multi-criteria decision analysis, socially responsible investing, ESG

JEL Classification: G10, G11, C44

Suggested Citation

Verheyden, Tim and De Moor, Lieven, Sorting mutual funds with respect to process-oriented social responsibility: A FLOWSORT application (2014). Decision Science Letters, 3(4), 551-562. Available at SSRN: https://ssrn.com/abstract=2394467 or http://dx.doi.org/10.2139/ssrn.2394467

Tim Verheyden (Contact Author)

Arabesque Partners ( email )

43 Grosvenor Street
LONDON, W1K 3HL
United Kingdom
+447878679314 (Phone)

HOME PAGE: http://www.arabesque.com/s-ray

Vrije Universiteit Brussel - Faculty of Economic and Social Sciences and Solvay Business School ( email )

Pleinlaan 2
Brussels, 1050
Belgium

Lieven De Moor

Vrije Universiteit Brussel ( email )

Department of Business
Pleinlaan 2
Brussels, B-1050
Belgium
+32 498 616463 (Phone)

HOME PAGE: http://goo.gl/qntmYg

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