Flow performance relationship of ethical funds: evidence from socially responsible and the Shariah compliant funds

Choudhari Wajahat Naeem Azmi, Shamsher Mohamad Ramadil Mohd, Mohamed Eskandar Shah Mohd Rasid

Research output: Book/ReportCommissioned reportpeer-review

Abstract

The motivation to examine flow-performance relationship of Shariah compliant funds (SCFs) and Socially responsible funds (SRFs) is that investors investing in
these two funds have certain non-financial motives such as religious, ethical, environmental etc. Renneboog et al., (2011) explained that more the investor is averse to certain non-ethical or non-religious corporate behavior the more satisfaction he/she gets by investing in the funds that are in line with his/her ethical or religious position.
Original languageEnglish
Publication statusPublished - 2017
Externally publishedYes

Publication series

NameINCEIF

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