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dc.contributor.authorAndersson, Edvin
dc.contributor.authorDahlin, Albin
dc.contributor.authorThisted, Morgan
dc.date.accessioned2022-07-11T12:12:32Z
dc.date.available2022-07-11T12:12:32Z
dc.date.issued2022-07-11
dc.identifier.urihttps://hdl.handle.net/2077/72746
dc.description.abstractIn this thesis we examine the financial performance of Swedish mutual equity funds. We look at differences between sustainable, defined as ESG, and conventional funds. The financial performance is examined using the Capital Asset Pricing Model, the Fama-French three-factor model and Carhart’s four-factor model. Further, the cross-sectional difference in performance between ESG and conventional funds is examined via a dummy model that differentiate the ESG attribute. To control for differences in fund attributes between the groups we use a matched pair analysis that controls for age, size and risk exposure. Our results show that both ESG and conventional funds outperform their market benchmark. Additionally, we concludethat ESG funds perform worse than conventional funds.en
dc.language.isoengen
dc.relation.ispartofseries202207:111en
dc.subjectESGen
dc.subjectsustainabilityen
dc.subjectSwedenen
dc.subjectESG fundsen
dc.subjectconventional fundsen
dc.subjectfinancial performanceen
dc.subjectmatched pair analysisen
dc.titleDo ESG investors pay a price for doing good - A matched pair analysis of the Swedish fund market.en
dc.title.alternativeBetalar ESG investerare ett pris för att göra gott - en matched-pair analys av den svenska fondmarknaden.en
dc.typetext
dc.setspec.uppsokSocialBehaviourLaw
dc.type.uppsokM2
dc.contributor.departmentUniversity of Gothenburg/Department of Economics
dc.contributor.departmentGöteborgs universitet/Institutionen för nationalekonomi med statistik
dc.contributor.departmentUniversity of Gothenburg/Department of Business Administration
dc.contributor.departmentGöteborgs universitet/Företagsekonomiska institutionen
dc.type.degreeStudent essay


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