000095695 001__ 95695
000095695 005__ 20201013095125.0
000095695 0247_ $$2doi$$a10.1016/j.frl.2019.101313
000095695 0248_ $$2sideral$$a120261
000095695 037__ $$aART-2020-120261
000095695 041__ $$aeng
000095695 100__ $$0(orcid)0000-0002-2525-9049$$aAlda, M.$$uUniversidad de Zaragoza
000095695 245__ $$aESG fund scores in UK SRI and conventional pension funds: Are the ESG concerns of the SRI niche affecting the conventional mainstream?
000095695 260__ $$c2020
000095695 5060_ $$aAccess copy available to the general public$$fUnrestricted
000095695 5203_ $$aThis paper analyses the increasing practice of considering environmental, social, and governance (ESG) factors by conventional pension funds. We study whether the SRI (Social Responsible Investing) concerns are affecting traditional management. In an initial sample of 22 SRI and 221 conventional UK domestic equity pension funds from 2016 to 2018, we apply the nearest-neighbour matching to account for fund-characteristic differences, selecting 20 matched conventional funds. We then analyse the influence of fund characteristics on ESG fund scores, and the ESG-score impact on performance and flows with linear models. Our results show that the ESG scores of conventional and SRI funds are influenced by some common characteristics (age/turnover and expenses negatively/positively influence ESG scores), which are consistent with SRI features. Additionally, a higher ESG screening intensity provides greater return and larger flows. Nonetheless, SRI funds do not lose their identity, positively influencing into ESG scores to a greater extent and outperforming.
000095695 536__ $$9info:eu-repo/grantAgreement/ES/DGA/S38-17R
000095695 540__ $$9info:eu-repo/semantics/openAccess$$aby-nc-nd$$uhttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
000095695 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion
000095695 7102_ $$14002$$2230$$aUniversidad de Zaragoza$$bDpto. Contabilidad y Finanzas$$cÁrea Economía Finan. y Contab.
000095695 773__ $$g36 (2020), 101313 [8 pp]$$pFinance res. lett.$$tFinance Research Letters$$x1544-6123
000095695 8564_ $$s659391$$uhttps://zaguan.unizar.es/record/95695/files/texto_completo.pdf$$yPostprint
000095695 8564_ $$s246277$$uhttps://zaguan.unizar.es/record/95695/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint
000095695 909CO $$ooai:zaguan.unizar.es:95695$$particulos$$pdriver
000095695 951__ $$a2020-10-13-08:39:15
000095695 980__ $$aARTICLE