Are socially responsible investment funds seasonal?

Alda, Mercedes (Universidad de Zaragoza) ; Vicente, Ruth (Universidad de Zaragoza)

Resumen: We study the existence of seasonality effects in USA SRI mutual funds from November 1990 to April 2019. We analyse whether SRI funds focus on non-financial aspects and reduce the importance of changing their behaviour in certain calendar periods with the purpose of achieving better performance in these seasons. Considering several investment areas (Asia, Europe, Japan, USA and global), we study the season patterns on monthly, quarterly, and second-half yearly basis. In general, our results do not show seasonality behaviour. Consequently, SRI mutual funds do not vary their behaviour in certain calendar periods, revealing a more stable investment conduct, consistent with non-financial preferences. © 2021 Informa UK Limited, trading as Taylor & Francis Group.

Idioma: Inglés

DOI: 10.1080/13504851.2021.1999895

Año: 2023

Publicado en: APPLIED ECONOMICS LETTERS 30, 5 (2023), 562-565
ISSN: 1350-4851

Factor impacto JCR: 1.2 (2023)

Categ. JCR: ECONOMICS rank: 341 / 600 = 0.568 (2023) - Q3 - T2

Factor impacto CITESCORE: 2.9 - Economics and Econometrics (Q2)

Factor impacto SCIMAGO: 0.376 - Economics and Econometrics (Q3)

Financiación: info:eu-repo/grantAgreement/ES/DGA/S38-17R
Financiación: info:eu-repo/grantAgreement/ES/MCINN/RTI2018-093483-B-I00

Tipo y forma: Article (PostPrint)

Área (Departamento): Área Economía Finan. y Contab. (Dpto. Contabilidad y Finanzas)