@inproceedings{5aa5884e4a3a4e3a809d043340216aa7,
title = "Corporate social responsibility and its performances: Application to SRI (Socially Responsible Investing) mutual funds",
abstract = "We compare the performance of the SRI (Socially Responsible Investing) mutual funds and that of regular mutual funds in Korea. We find that the SRI funds show higher Sharpe ratios and Treynor's measure compared to regular mutual funds. We also show that return measures are sensitive to weighting scheme; since SRI funds outperform regular funds by 1.2 times in terms of equal-weighted portfolio, but outperform by 62 times in terms of value-weighted portfolio. Finally, using a regression framework controlling for factors such as fund age, risk, and size, we confirm that SRI funds perform better than regular mutual funds.",
keywords = "Mutual Fund, Performance Measure, Socially Responsible Investing",
author = "Hwang, \{Joon Ho\} and Kim, \{Dong Han\} and Chun, \{Se Hak\}",
year = "2011",
doi = "10.1007/978-3-642-22333-4\_24",
language = "English",
isbn = "9783642223327",
series = "Communications in Computer and Information Science",
number = "PART 1",
pages = "200--203",
booktitle = "Future Information Technology - 6th International Conference, FutureTech 2011, Proceedings",
edition = "PART 1",
note = "6th International Conference on Future Information Technology, FutureTech 2011 ; Conference date: 28-06-2011 Through 30-06-2011",
}