The Performance of CSR Mutual Funds and InvestmentDecision-Making

• Main Authors: Nguyen Thuy Mai Trinh, 阮瑞梅貞
• Other Authors: Wang Chia-Nan
• Format: Others
• Language: en_US
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/85725674103047935927

碩士 === 國立高雄應用科技大學 === 資通產品研發與生產碩士外國學生專班 === 101 === In an increasingly connected world, companies and governments are being judged on how they make decisions, keep promises, engender trust and collaborate, how they relate to customers, the environment and to the communities in which they operate. Corporate Socially Responsiblity (CSR) mutual funds are becoming a popular investment option for investors. In this study, we test the financial performance of CSR mutual funds. We measure the financial performance of a sample of 15 CSR mutual funds in the world with monthly return over the period 2007-2012. We first use the measures to evaluate performance of mutual funds such as Alpha (α), Sharpe Ratio (SR), and Information Ratio (IR). We then use the t-statistic to assess the statistical significance of the measure, to increase results of reliability for the performance evaluation of the fund. Finally, from the results of the measurement calculations, we perform trials to considering the possibility a decision by each measure. The results indicate that only 3 of the 15 CSR mutual funds achieved good performance, results based on the statistical significance of the two measures Sharpe Ratio and Information Ratio. In addition, the IR is suggested to evaluate and make investment decisions in the future and it also is the best one among the three measures. The performance results of CSR Mutual funds suggest that investors of CSR funds.