A new rating of sustainability based on the Morningstar Sustainability Rating

Sorrosal-Forradellas, Maria-Teresa; Barberà-Mariné, M. Glòria; Fabregat‐Aibar, Laura; Li, Xiaoni

doi:10.1016/j.iedeen.2022.100208

Cited by 4 publications

(2 citation statements)

References 29 publications

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“…The close connection of this link, in fact, is also the result of the ever-increasing attention of investors not only to environmental issues, but at the same time, also to ethical issues in the choice of investment solutions. If before, in fact, the attention of the subjects who allocated their savings to professional subjects (investment funds) was directed to the mere pursuit of profit, we can say today that this trend has changed (Döttling & Kim, 2022;Sorrosal-Forradellas et al, 2023). In fact, more and more subjects, in addition to seeing the expected returns of the funds, inform themselves about the rating judgments issued by third parties in reference to sustainability and ethics (Abate et al, 2021).…”

Section: Gd In Investment Fundsmentioning

confidence: 99%

Gender Diversity: An Empirical Study on 4.151 US Investment Funds

Arduini,

BECK

2024

icgr

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The aim of this paper is to explore the issue of gender diversity (GD) in relation to the world of investment funds. In recent times, in fact, savers’ choice does not only converge on the mere pursuit of profit. Investment funds, in this scenario, are increasingly judged according to their environmental and ethical actions, and not just by the promised rewards. Individual and institutional investors, on this wake, are aligning their behavior with their values by taking responsibility for the investments they select. It is central, therefore, to understand and observe how issues such as GD are evaluated, managed and converted into rating values by funds. This paper is supported by a mixed research methodology involving, on the one hand, an in-depth literature review on the aforementioned topic and, on the other hand, a statistical study developed with the “R-Studio” program. Through the statistical derivation, this study proposes an analysis of histograms and scatter plots on a sample of 4.151 investment funds and the GD-related rating judgments compared with their net assets and longevity. Based on our findings, funds with higher net assets achieve high rating classes but not excellence. In fact, larger funds reside in lower rating classes. Similarly, it is also valid for the amount of capital managed by the funds. From the empirical evidence we provide, it can also be seen that, there is no evidence between GD rating category and youngest funds longevity. Filling a gap that exists in the literature on GD-related rating assessment in investment funds, the originality of this paper concerns the descriptive statistics proposed. In fact, the paper contributes to the literature on GD by enriching the analysis of the factors surveyed for its measurement and rating judgment. This study may have both theoretical and practical implications. From a practical perspective, the statistical evidence in this paper could be a guideline for practitioners oriented toward ethical and profitable investment choices. From a theoretical point of view, instead, GD evaluation and monitoring could be a tool to reduce problems related to transparency and legitimacy theory, mitigating information asymmetry between parties and aligning them on potential risks.

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Section: Gd In Investment Fundsmentioning

confidence: 99%

Gender Diversity: An Empirical Study on 4.151 US Investment Funds

Arduini,

BECK

2024

icgr

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show abstract

“…Financial performance indicators are no longer the sole basis for evaluating company performance, but also ESG along with increasing social pressure, as Morningstar launched Morningstar Sustainability in 2016 which provides information on the involvement of sustainability indicators in mutual funds. The Morningstar index is a reference for investors to evaluate mutual funds [ 21 ].…”

Section: Literature Reviewmentioning

confidence: 99%