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Réaction des investisseurs à la création de fonds éthiques
[Investor reaction to the creation of ethical funds]

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  • Peillex, Jonathan

Abstract

In this study, we examine investors’ reactions to the creation of ethical funds. To do this, we measure the short-term impact of launching an ethical fund on the stock price of the financial company that created it. We contribute to the literature by quantifying the financial consequences of an event that combines both innovation and ethics. The results demonstrate that, on average, the introduction of an ethical fund contributes to a very slight increase in the stock price of the financial company that created it.

Suggested Citation

  • Peillex, Jonathan, 2023. "Réaction des investisseurs à la création de fonds éthiques [Investor reaction to the creation of ethical funds]," MPRA Paper 118930, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:118930
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    References listed on IDEAS

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    More about this item

    Keywords

    ethical funds; stock price; innovation; ethics;
    All these keywords.

    JEL classification:

    • G0 - Financial Economics - - General
    • G1 - Financial Economics - - General Financial Markets
    • G2 - Financial Economics - - Financial Institutions and Services

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