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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Bibliographic Details
Main Authors:	LIANG, Hao, SUN, Lin, TEO, Melvyn
Format:	text
Language:	English
Published:	Institutional Knowledge at Singapore Management University 2021
Subjects:	Principles for Responsible Investment Greenwash Hedge Funds Walk the Talk Agency Problems Operational Risk ESG Stewardship Finance and Financial Management
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

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Greenwashing: Evidence from hedge funds

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