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

Antonella Basso () and Stefania Funari ()
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Antonella Basso: Ca’ Foscari University of Venice, Department of Economics
Stefania Funari: Ca’ Foscari University of Venice, Department of Management

A chapter in Mathematical and Statistical Methods for Actuarial Sciences and Finance, 2014, pp 69-79 from Springer

Abstract: Abstract The first objective of this contribution is to evaluate the performance of socially responsible investment (SRI) equity mutual funds in the main European countries with three different data envelopment analysis (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; the results suggests that it is possible to invest in a socially responsible manner without giving up the financial reward. Thirdly, we compare the performance obtained by SRI mutual funds among different European countries.

Keywords: Data Envelopment Analysis; Mutual Fund; Efficiency Score; Data Envelopment Analysis Model; Socially Responsible Investment (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-02499-8_6

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DOI: 10.1007/978-3-319-02499-8_6

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