A4 Conference proceedings

The benefit of socially responsible investments – a case study of the profitability of two funds and their interlinkages

Open Access publication

Publication Details
Authors: Stoklasa Jan, Kročil Ondřej, Talášek Tomáš, Pospíšil Richard
Publication year: 2019
Language: English
Title of parent publication: Proceedings of KNOWCON 2019. Knowledge on Economics and Management: Profit or Purpose.
Start page: 254
End page: 260
Number of pages: 7
ISBN: 978-80-244-5543-3
JUFO-Level of this publication: 0
Open Access: Open Access publication


The paper investigates the linkages between a chosen socially responsible investment fund and a general fund that does not declare its focus on socially responsible investments only. We analyse the development of the value of the shares of these funds during the period 2017-2019. We compare the differences in the profitability of these funds for different short-term investment horizons. This way we validate the claims made on the profitability of socially-responsible investments and Environmental, Social and Governance investments by the administrators of the funds themselves. We assume a simple buy and hold strategy and analyse the returns provided by this strategy for both types of funds. Our results suggest that for the analysed funds there is no significant difference in profitability between the socially responsible fund and the fund that does not declare its focus on socially responsible businesses or companies.

Last updated on 2020-20-03 at 10:03