Do investors pay a premium for going green? Evidence from alternative energy mutual funds

Juan Reboredo, Miguel Quintela and Luis A. Otero

Renewable and Sustainable Energy Reviews, 2017, vol. 73, issue C, 512-520

Abstract: We studied the financial performance of alternative energy mutual funds using multifactor models and propensity score matching techniques. For a sample of alternative energy mutual funds quoted in EUR and in USD for the period 2010–2016, we found that alternative energy funds underperformed corporate and socially responsible mutual funds in terms of returns and downside risk protection. Our results are consistent with the idea that investors are paying a premium for going green via renewable energies.

Keywords: Alternative energy mutual fund; Renewables; Jensen's alpha; Downside risk (search for similar items in EconPapers)
JEL-codes: C20 G11 G23 M14 Q42 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (34)

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DOI: 10.1016/j.rser.2017.01.158

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