The Effect of the Business Cycle on the Performance of Socially Responsible Equity Mutual Funds
The current study applies a two-state switching regression model to examine the behavior of a hypothetical portfolio of ten socially responsible (SRI) equity mutual funds during the expansion and contraction phases of US business cycles between April 1991 and June 2009, based on the Carhart four-fac...
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| Format: | Others |
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FIU Digital Commons
2011
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| Online Access: | http://digitalcommons.fiu.edu/etd/525 http://digitalcommons.fiu.edu/cgi/viewcontent.cgi?article=1632&context=etd |