SRI Funds: Investor Demand, Exogenous Shocks and ESG Profiles

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dc.contributor.authorBialkowski, J.
dc.contributor.authorStarks, L.T.
dc.date.accessioned2016-07-22T00:28:09Z
dc.date.available2016-07-22T00:28:09Z
dc.date.issued2016en
dc.description.abstractWe provide evidence that investor demand for socially responsible or sustainable and responsible (SRI) mutual funds differs from that of conventional funds in that flows to SRI funds have shown greater growth and more persistence than flows to conventional funds. More importantly, using a differences-in-differences approach we provide evidence that these attributes appear to result from investors’ nonfinancial considerations. However, as these funds have become more mainstream, there has been convergence in investor resilience. We also find a high level of persistence in SRI funds’ ESG profiles, which are generally different from those of conventional funds, consistent with their charters.en
dc.identifier.citationBialkowski, J., Starks, L.T., (2016) SRI Funds: Investor Demand, Exogenous Shocks and ESG Profiles. San Francisco, CA, USA: 2016 BlackRock Research Conference, 6 Jan 2016.en
dc.identifier.urihttp://hdl.handle.net/10092/12492
dc.language.isoen
dc.publisherUniversity of Canterbury. Department of Economics and Financeen
dc.rights.urihttps://hdl.handle.net/10092/17651
dc.subjectSocially responsible investment fundsen
dc.subjectMutual fund flowsen
dc.subjectInvestor clientelesen
dc.subjectInvestment screensen
dc.subjectEnvironmentalen
dc.subjectSocial and Governance (ESG) investingen
dc.subject.anzsrcField of Research::15 - Commerce, Management, Tourism and Services::1502 - Banking, Finance and Investment::150299 - Banking, Finance and Investment not elsewhere classifieden
dc.titleSRI Funds: Investor Demand, Exogenous Shocks and ESG Profilesen
dc.typeConference Contributions - Published
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