Please use this identifier to cite or link to this item: http://scholarbank.nus.edu.sg/handle/10635/147657
Title: EVALUATING THE PERFORMANCE OF SOCIALLY RESPONSIBLE INVESTMENT FUNDS IN ASIA
Authors: LIN XUN
Issue Date: 2012
Citation: LIN XUN (2012). EVALUATING THE PERFORMANCE OF SOCIALLY RESPONSIBLE INVESTMENT FUNDS IN ASIA. ScholarBank@NUS Repository.
Abstract: Socially responsible investing (SRI) has developed significantly in recent years. While it has traditionally been focused on the US and Europe, there is increasing emphasis on SRI in Asia. In light of these developments, this study serves as an exploratory study on SRI fund performance in Asia. It evaluates the financial performance of SRI funds with a geographic focus on Asia during the time period 2009 to 2011. The findings show that in general, these funds underperform their respective benchmarks, although there are significant variations within the region. This study also evaluates how SRI fund characteristics such as geographic focus within Asia, fund age and fund type (environmental or social) affect their financial performance and standard deviation of abnormal returns. The results show that younger funds perform worse than older funds, and exhibit greater standard deviation of abnormal returns. Interestingly, while environmental funds do not have significantly different financial performance from social funds, they are subjected to greater earnings surprises.
URI: http://scholarbank.nus.edu.sg/handle/10635/147657
Appears in Collections:Bachelor's Theses

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