Assessing the Performance of ESG Mutual Funds and Traditional Funds in Emerging Economies
A. S. Aparna,
M. Moni,
V. Sreeraj
et al.
Abstract:This study investigates the performance of Environmental, Social, and Governance (ESG) mutual funds compared to conventional funds in the Indian financial market. The objective is to determine if ESG funds can match or surpass the financial performance of traditional funds. The methodology includes evaluating performance using the Carhart Four-Factor Model, Jensen's Alpha, Treynor Ratio, and Sharpe Ratio. Additionally, entropy measures—Shannon Entropy, Rényi Entropy, and Approximate Entropy—are employed to ass… Show more
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