Corporate Finance: Sustainable and conventional mutual funds: Do they really differ?
This study empirically analyzes the claim that sustainable funds are masked conventional funds for a small part of the German equity fund market. Additionally, we test whether the sustainable and conventional funds of the sample have a different financial performance. The results show that the sustainable funds have significantly higher ESG scores in general and at least equal financial performance.
Bauckloh, T., Klein, C., & Zwergel, B. (2017). Sustainable and conventional mutual funds: Do they really differ. Corporate Finance, 2017, 86-89.