000118867 001__ 118867 000118867 005__ 20240319081025.0 000118867 0247_ $$2doi$$a10.1016/j.frl.2022.103109 000118867 0248_ $$2sideral$$a129390 000118867 037__ $$aART-2022-129390 000118867 041__ $$aeng 000118867 100__ $$0(orcid)0000-0002-9481-1466$$aMuñoz, Fernando$$uUniversidad de Zaragoza 000118867 245__ $$aEthical Window Dressing: SRI Funds are as Good as their Word 000118867 260__ $$c2022 000118867 5060_ $$aAccess copy available to the general public$$fUnrestricted 000118867 5203_ $$aIn this research, we tested the existence of ethical window dressing in the Socially Responsible Investment (SRI) domestic equity funds registered in the US market. For this purpose, we compared the environmental, social, and corporate governance (ESG) attributes of disclosed and undisclosed portfolios. We reject that the ESG portfolio image is significantly better in reporting months than in non-reporting months. Examining portfolio trading based on different proxies, we found residual signals of ethical window dressing. None of these signals correspond to easy-to-interpret information. Thus, SRI funds do not manipulate the disclosed ESG image to attract money flows. 000118867 536__ $$9info:eu-repo/grantAgreement/ES/DGA/S38-20R$$9info:eu-repo/grantAgreement/ES/MCIU-AEI-FEDER/RTI2018-093483-B-I00$$9info:eu-repo/grantAgreement/ES/UZ/JIUZ-2020-SOC-02 000118867 540__ $$9info:eu-repo/semantics/openAccess$$aby-nc-nd$$uhttp://creativecommons.org/licenses/by-nc-nd/3.0/es/ 000118867 590__ $$a10.4$$b2022 000118867 592__ $$a2.231$$b2022 000118867 591__ $$aBUSINESS, FINANCE$$b1 / 111 = 0.009$$c2022$$dQ1$$eT1 000118867 593__ $$aFinance$$c2022$$dQ1 000118867 594__ $$a10.8$$b2022 000118867 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion 000118867 700__ $$0(orcid)0000-0003-3275-5814$$aOrtiz, Cristina$$uUniversidad de Zaragoza 000118867 700__ $$0(orcid)0000-0003-4778-5960$$aVicente, Luis$$uUniversidad de Zaragoza 000118867 7102_ $$14002$$2230$$aUniversidad de Zaragoza$$bDpto. Contabilidad y Finanzas$$cÁrea Economía Finan. y Contab. 000118867 773__ $$g49 (2022), 103109 [7 pp.]$$pFinance res. lett.$$tFinance Research Letters$$x1544-6123 000118867 8564_ $$s427760$$uhttps://zaguan.unizar.es/record/118867/files/texto_completo.pdf$$yVersión publicada 000118867 8564_ $$s2164114$$uhttps://zaguan.unizar.es/record/118867/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada 000118867 909CO $$ooai:zaguan.unizar.es:118867$$particulos$$pdriver 000118867 951__ $$a2024-03-18-16:36:00 000118867 980__ $$aARTICLE