HSBC GLOBAL INVESTMENT FUNDS investment company with variable capital incorporated in Luxembourg - JULY 2012

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Therefore, we match SRI funds with conventional funds that are initially similar and estimate the differences over time in performance and fees between the initially similar funds. We report results for simple and biased-adjusted estimators obtained using one and four matches per SRI fund. The one-match procedure is the one that most closely approximates the matched-pair methodology used in previous studies and it maximizes the quality of the matches, although at the cost of a small sample size. In some specifications, we use two, rather than four matches, because of a low number of available fund-year observations....
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HSBC GLOBAL INVESTMENT FUNDS investment company with variable capital incorporated in Luxembourg - JULY 2012