000130576 001__ 130576 000130576 005__ 20240126184244.0 000130576 0247_ $$2doi$$a10.1111/beer.12253 000130576 0248_ $$2sideral$$a115773 000130576 037__ $$aART-2020-115773 000130576 041__ $$aeng 000130576 100__ $$0(orcid)0000-0002-2525-9049$$aAlda, Mercedes$$uUniversidad de Zaragoza 000130576 245__ $$aSocially responsible mutual fund exit decisions 000130576 260__ $$c2020 000130576 5060_ $$aAccess copy available to the general public$$fUnrestricted 000130576 5203_ $$aThis paper studies, for the first time, socially responsible (SR) mutual fund exits. We analyse a sample of 534 U.S. SR equity mutual funds in the period 2003–2017, in which 182 exit events occurred (53 liquidations, 109 mergers within the same family, and 20 mergers across different families). The results obtained indicate that both liquidations and mergers are more likely among smaller funds that suffer net money outflows in the previous year to the event. At the family level, mergers are more frequent in outperforming families with a larger number of funds, whereas liquidations occur in families with a lower number of funds. When comparing mergers within the same family with mergers across different families, we observe that the former share more drivers with liquidations than the latter. In addition, we observe that religious and environmental funds are more likely to suffer exit events than other SR fund types. Finally, other interesting findings point out that mergers financially benefit investors in merged SR mutual funds and the financial outcomes of acquiring fund investors are not jeopardized. 000130576 536__ $$9info:eu-repo/grantAgreement/ES/DGA/S38-17R$$9info:eu-repo/grantAgreement/ES/MCIU-AEI-FEDER/RTI2018-093483-B-I00$$9info:eu-repo/grantAgreement/ES/UZ/JIUZ-2018-SOC-13 000130576 540__ $$9info:eu-repo/semantics/openAccess$$aAll rights reserved$$uhttp://www.europeana.eu/rights/rr-f/ 000130576 590__ $$a6.967$$b2020 000130576 591__ $$aETHICS$$b2 / 56 = 0.036$$c2020$$dQ1$$eT1 000130576 591__ $$aBUSINESS$$b36 / 153 = 0.235$$c2020$$dQ1$$eT1 000130576 592__ $$a1.343$$b2020 000130576 593__ $$aEconomics and Econometrics$$c2020$$dQ1 000130576 593__ $$aBusiness and International Management$$c2020$$dQ1 000130576 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion 000130576 700__ $$0(orcid)0000-0002-9481-1466$$aMuñoz, Fernando$$uUniversidad de Zaragoza 000130576 700__ $$0(orcid)0000-0002-8638-2665$$aVargas, María$$uUniversidad de Zaragoza 000130576 7102_ $$14002$$2230$$aUniversidad de Zaragoza$$bDpto. Contabilidad y Finanzas$$cÁrea Economía Finan. y Contab. 000130576 773__ $$g29, 1 (2020), 82-97$$pBus. ethics$$tBUSINESS ETHICS-A EUROPEAN REVIEW$$x0962-8770 000130576 8564_ $$s544162$$uhttps://zaguan.unizar.es/record/130576/files/texto_completo.pdf$$yPostprint 000130576 8564_ $$s972497$$uhttps://zaguan.unizar.es/record/130576/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint 000130576 909CO $$ooai:zaguan.unizar.es:130576$$particulos$$pdriver 000130576 951__ $$a2024-01-26-18:11:13 000130576 980__ $$aARTICLE