Performance Of Socially Responsible Investment Funds Against An Efficient SRI Index: The Impact Of Benchmark Choice When Evaluating Active Managers

Document summary

Measuring the performance of socially responsible investment (SRI) has been the subject of numerous studies from organisations around the world. However, the conclusions of performance assessments tend to depend on the type of index that each organisation uses. This paper conducts a performance measurement of SRI funds and assesses the impact of using an efficient SRI index instead of a standard SRI index.