Comment expliquer la décision de création d’un fond éthique ?

What explain the creation of ethical funds?

Jonathan Peillex

MPRA Paper from University Library of Munich, Germany

Abstract: Despite the rapid growth in the number of ethical funds on the market, the question of why asset management companies create this type of financial product has remained unexplored. Thus, we examine the main factors behind the decision of asset management companies to launch ethical funds. Our estimates show that the creation of an ethical fund is undertaken by financial companies with significant economic and human resources in order to communicate on their activity, to reinforce their CSR strategy, or to divert the attention of investors from their bad financial performance. Concerns related to the reputation of the financial company then appear to be essential in explaining the decision to create an ethical fund.

Keywords: ethical funds; asset managers; CSR (search for similar items in EconPapers)
JEL-codes: M1 M4 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/115067/1/MPRA_paper_115067.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:115067

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().