Bridge over ocean
1 November 1993 Financial Analysts Journal Volume 49, Issue 6

Doing Well While Doing Good? The Investment Performance of Socially Responsible Mutual Funds

  1. Sally Hamilton
  2. Hoje Jo
  3. Meir Statman, PhD
"Socially responsible" investors favor certain companies over others according to criteria such as production of weapons or use of alternative energy sources. We find that socially responsible mutual funds do not earn statistically significant excess returns and that the performance of such mutual funds is not statistically different from the performance of conventional mutual funds.
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Publisher Information
Association for Investment Management and Research 5 pages doi.org/10.2469/faj.v49.n6.62 ISSN/ISBN: 0015-198X

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