PT  - JOURNAL ARTICLE
AU  - Brett A. Stone
TI  - Social Responsibility and Institutional Investment
AID  - 10.3905/joi.2000.319379
DP  - 2000 Aug 31
TA  - The Journal of Investing
PG  - 81--94
VI  - 9
IP  - 3
4099  - https://pm-research.com/content/9/3/81.short
4100  - https://pm-research.com/content/9/3/81.full
AB  - Traditional research pertaining to the social screening of portfolio firms has rarely gone beyond a description of its conceptual underpinnings. This empirical investigation looks at the real-life practice of implementing an environmental screen and yields a number of interesting observations regarding the environmental screening decision processes of socially responsible mutual funds in the United States. Employing a taxonomy of corporate social responsibility concepts developed via a recent survey of socially responsible mutual funds in the United States, a content analysis-based portfolio screening model was developed that successfully mimicked the environmental screening decisions made by six funds. The model correctly predicted 90% of a combined total of 50 environmental screening decisions for funds whose combined net assets represented over 50% of the total industrywide assets invested as of August 30, 1997.