Phân tích tư tưởng của nhân dân qua đoạn thơ: Những người vợ nhớ chồng… Những cuộc đời đã hóa sông núi ta trong Đất nước của Nguyễn Khoa Điềm
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To derive our empirical results, we obtain a sample of equity SRI funds from the Social
Investment Forum for the period 1997-2005 and merge this sample with the CRSP Survivor
Bias Free US Mutual Fund Database. Our results indicate that the SRI constraint does not
reduce funds' before-fee performance, measured using the four-factor alpha of Carhart (1997).
On the contrary, SRI funds outperform comparable conventional funds by a substantial 0.96% to
1.83% per year before expenses. We investigate whether differences in before-fee performance
between SRI and conventional funds are due to differences in fund turnover, which has been
documented...
Nội dung trích xuất từ tài liệu:
2011 The Yale Endowment
