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Performance of Socially Responsible Investment Funds in China: A Comparison with Traditional Funds

Author

Listed:
  • Fateh Saci

    (Hospitality Management, Institut Paul Bocuse, 69131 Ecully, France)

  • Sajjad M. Jasimuddin

    (Strategy, Entrepreneurship, & Sustainability Department, Kedge Business School, 13009 Marseille, France)

  • Morshadul Hasan

    (Murdoch Business School, Murdoch University, Perth 6150, Australia)

Abstract

This paper empirically examines and compares social responsibility investment funds to traditional funds, and explores the performance of the existing social responsibility investment funds in China. Based on 64 social responsibility investment funds (SRI Funds) and 64 traditional funds, this paper extracts the data of the sample fund from the fourth quarter of 2016 to the fourth quarter of 2019 as sample data to conduct a comparative analysis of the difference between the SRI fund and the traditional fund in terms of return and risk, and to then empirically study the performance of the funds. The results show that the difference between the return of China’s socially responsible investment funds and the traditional funds is insignificant, and the risk of socially responsible investment funds is significantly lower than that of traditional funds. The regression analysis is also carried out on a model of social responsibility as a factor affecting the performance of the funds. Subsequently, the results show that social responsibility has a significant positive impact on the fund’s return in the Chinese market.

Suggested Citation

  • Fateh Saci & Sajjad M. Jasimuddin & Morshadul Hasan, 2022. "Performance of Socially Responsible Investment Funds in China: A Comparison with Traditional Funds," Sustainability, MDPI, vol. 14(3), pages 1-16, January.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:3:p:1476-:d:736215
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    Cited by:

    1. Nevi Danila, 2022. "Random Walk of Socially Responsible Investment in Emerging Market," Sustainability, MDPI, vol. 14(19), pages 1-13, September.

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