“Findings: The results point out that socially responsible investment funds (SRIF) and green investment funds (GIF) are more efficient than conventional funds (CF). For five years, the CFs have not outperformed the GIF.
Originality/value: The results suggest that there is a growing awareness on the part of investors that sustainable companies are the companies that will allow a better quality of life and a more sustainable environment. It seems that somehow managers and investors are aware that the market will compensate them for thinking about a cleaner and more equitable world.”
Are green and socially responsible funds more efficient than conventional funds? A DEA approaches, by Journal of Economic Studies, ISSN: 0144-3585, 4 July 2023.