Author/Authors :
Verheyden، Tim نويسنده KU Leuven, Campus Brussels (HUBrussel), Faculty of Economics and Business, Warmoesberg 26, 1000 Brussels, Belgium , , De Moor، Lieven نويسنده Vrije Universiteit Brussel, Faculty of Economic and Social Sciences and Solvay Business School, Pleinlaan 2, 1050 Brussels, Belgium ,
Abstract :
We establish a robust FLOWSORT-based tool to sort mutual funds with respect to process-oriented social responsibility and recommend the use of limiting profiles with open classes. The tool provides an alternative for the limited dichotomous classification of funds, i.e. socially responsible investing (SRI) versus conventional funds. By allowing for more heterogeneity in social responsibility the sorting tool is promising for scholars to improve fund performance measurements, and useful for governments to better regulate the supply of SRI products.
