Comment expliquer la décision de création d’un fond éthique ?

Peillex, Jonathan (2022): Comment expliquer la décision de création d’un fond éthique ?

Abstract

Despite the rapid growth in the number of ethical funds on the market, the question of why asset management companies create this type of financial product has remained unexplored. Thus, we examine the main factors behind the decision of asset management companies to launch ethical funds. Our estimates show that the creation of an ethical fund is undertaken by financial companies with significant economic and human resources in order to communicate on their activity, to reinforce their CSR strategy, or to divert the attention of investors from their bad financial performance. Concerns related to the reputation of the financial company then appear to be essential in explaining the decision to create an ethical fund.

• Item Type: MPRA Paper
• English Title: What explain the creation of ethical funds?
• Language: French
• Keywords: ethical funds; asset managers; CSR
• Subjects: M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business Administration; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M4 - Accounting and Auditing

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