Greenwashing: Evidence from hedge funds
We find that a non-trivial number of hedge funds that endorse the United Nations Principles for Responsible Investment indulge in greenwashing. Hedge funds that greenwash underperform both genuinely green and nongreen funds after adjusting for risk. Consistent with an agency explanation, greenwasher...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2021
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/6737 https://ink.library.smu.edu.sg/context/lkcsb_research/article/7748/viewcontent/hedgefund_greenwashing_aug2021.pdf |
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| Institution: | Singapore Management University |
| Language: | English |