Socially Responsible Investment

‘We believe that an economically efficient, sustainable global financial system is a necessity for long-term value creation. Such a system will reward long-term, responsible investment and benefit the environment and society as a whole.’, as per the Principles for Responsible Investment.

This week we will discuss the question of why individual investors hold socially responsible funds, led by Iva Koci.

Suggested readings:

Riedl, A., & Smeets, P. (2017). Why do investors hold socially responsible mutual funds?. The Journal of Finance, 72(6), 2505-2550.

El Ghoul, S., & Karoui, A. (2017). Does corporate social responsibility affect mutual fund performance and flows?. Journal of Banking & Finance, 77, 53-63.