Buradasınız

Anasayfa » Content

SOSYAL SORUMLU YATIRIM FONLARI VE PERFORMANS ÖZEL L IK LERI

Socially ResponsibleMutual Funds and Their Per formanceCharacter istics

Journal Name:

  • İstanbul Üniversitesi Siyasal Bilgiler Fakültesi Dergisi

Publication Year:

  • 2010

Key Words:

Keywords (Original Language):

Author NameUniversity of AuthorFaculty of Author
Abstract (2. Language): 
Socially responsible or ethical investing has been developed dramatically since last three decades. Socially responsible or ethical investing can be defined as a set of approaches which include social or ethical goals or constraints as well as more conventional financ ial criteria in decisions over whether to acquire, hold or dispose of a particular investment. Socially responsible investing is the reflection of ethical values in financ ial markets. Socially responsible investing is a new topic in Turkey and it is an important one on which is needed to be put emphasis. This paper reviews concepts of socially responsible investing and socially responsible mutual fund which is mostly applied special approach of socially responsible investing. Furthermore, the performance of socially mutual funds compared to other mutual funds which are constituted based on conventional financial criteria is examined in this paper. In addition, the application of socially responsible mutual funds in Turkey is examined. We conclude with some suggestions about how to improve the applications of socially responsible investing in Turkey.
Bookmark/Search this post with
Abstract (Original Language): 
Son 30 yi ldir sosyal sorumlu veya etik yatirim önemli ölçüde gelisme göstermistir. Sosyal sorumlu yatirim ya da etik yatirim, belirli bir yatirimin yapilmasi, bu yatirima devam edilmes i veya yatirimdan vazgeç ilmes ine iliskin kararlar alinirken geleneksel finansal kriterlerin yani sira, sosyal veya etik hedefler veya sinirlamalari içeren yaklasimlar bütünüdür. Sosyal sorumlu yatirim, etik degerlerin finansal piyasalardaki yansimasidir. Sosyal Sorumlu Yatirim, Türkiye’de çok yeni ve üzerinde önemli durulmasi gereken bir konudur. Bu makalede, sosyal sorumlu yatirim kavrami, sosyal sorumlu yatirimin en çok uygulanan yöntemi olarak kabul gören “Sosyal Sorumlu Yatirim Fonlari” incelenmektedir. Ayrica bu fonlarin performanslari, geleneksel finansal kriterlere göre olusturulan yatirim fonlariyla karsilastirilarak incelenmektedir. Bunun yaninda, sosyal sorumlu yatirim fonlarinin Türkiye’deki kullanimi incelenmektedir. Çalisma, sosyal sorumlu yatirim uygulamalarinin Türkiye’de nasil gelistirilebilecegine iliskin önerilerle son bulmaktadir.
FULL TEXT (PDF): 
PDF icon arastirmax-sosyal-sorumlu-yatirim-fonlari-performans-ozel-l-ik-leri.pdf
  • 43
109-134
  • Turkish

REFERENCES

References: 

2007 Report on Socially Responsible Investing Trends in the United States,
Social Investment Forum, s. 2,
http://www.socialinvest.org/pdf/SRI_Trends_ExecSummary_2007.pdf
Alexander Kempf, Peer Osthoff, (2008), “SRI Funds: Nomen est Omen”,
Vol: 35, No: 9-10, s.1276-
1294.
Amy L. Domini, Peter D. Kinder, (1986), Addison-
Wesley Publishing Company, Inc., s.2.
Asli Yüksel, (2004), “AB'de Yeni Kavram: Yatirimlar, Çevre Dostlugu ve
Sosyal Faktöler (Ekolojik Faktörler)”
s. 714.
Bauer, Rob, Derwall, Jeroen, Otten, Rogér, (2007), “The Ethical Mutual
Fund Performance Debate: New Evidence from Canada”,
, Vol.70, pp. 111-124.
Bauer, Rob, Koedijk, Kees, Otten, Rogér, (2005), “International Evidence
on Ethical Mutual Fund Performance and Investment Style”,
, Vol. 29, pp.1751-1767.
Bello, Zakri Y., (2005), “Socially Responsible Investing and Portfolio
Diversification”, , Vol. XXVII, No.1,
Spring, pp. 41-57.
Benson, Karen L., Brailsford, Timothy J., Humphrey, Jacquelyn E., (2006),
“Do Socially Responsible Funds Managers Really Invest Differently”,
, Vol.65, pp. 337-357.
Bert Scholtens, (2006), “Finance as a Driver of Corporate Social
Responsibility”, Vol: 68, No: 1, s.24.
Carlos Joly, (2002), “The Greening of Financial Markets”, Finance for
Sustainable Development Testing New Policy Approaches,
, s.293.
Collins, David, Cobb, George, Power, David, Stevenson, Lorna, (2009)
“FTSE4Good: Exploring its Implications for Corporate Conduct”,
, Vol.22, No.1, pp. 35-58.
Cortez, Maria Ceu, Silva, Florinda, Areal, Nelson, (2009), The
Performance of European Socially Responsible Funds,
, Vol 87, pp. 573-588.
Derwall, Jeroen, Koedijk, Kees, (2005), “The Performance of Socially
Responsible Bond Funds”, January,
http://www.lesechos.fr/medias/2008/0428/300260665.pdf .
Journal of Business Finance & Accounting,
Ethical Investing,
T.C. Marmara Üniversitesi
Geleneksel FinansSempozyumu 2004,
Journal of
BusinessEthics
Journal of
Banking & Finance
The Journal of Financial Research
Journal of BusinessEthics
Journal of BusinessEthics,
Proceedings of
the Fifth Expert Group Meeting on Finance for Sustainable
Development
Accounting, Audit ig& Accountability Journal
Journal of
BusinessEthics

Luc Renneboog, Jenke Ter Horst, Chendi Zhang, (2008), “The Price of
Ethics and Stakeholder Governance: The Performance of Socially
Responsible Mutual Funds” Vol: 14, No:
3, s.303.
Luis Feruz, Isabel Marco, Cristina Ortiz, (2007), “Socially Responsible
Investment: Mutual Funds,, Global and Local Trends”,
Vol: 1, No: 2, s.120.
Mallin A., Saadouni B., Briston, R. J., (1995), “The Financial Performance
of Ethical Investment Funds”,
, Vol. 22, No. 4, June, pp. 483-496.
Mark S. Schwartz, (2003),“The “Ethics” of Ethical Investing”,
Vol: 43, No:.3, s.195.
Matthew Haig, James Hazelton, ( 2004), “Financial Markets: A Tool for
Social Responsibility?”, Vol: 52, No: 1,
Special Issue on Ethical Investment and Corporate Social Responsibility,
s.60.
Mill, Greig A. (2006), “The Financial Performance of a Socially
Responsible Investment Over Time and a Possible Link with Corporate
Social Responsibility”, , Vol.63, pp. 131-148.
Nicolas P. B. Bollen, (2007), “Mutual Fund Attributes and Investor
Behavior”, Vol: 42,
No: 3, s.683-684.
Rajni Bakshi, (2006), “Transforming Markets in the 21st Century: Socially
Responsible Investing as a Tool”, No: 39, s.527.
Sally Hamilton, Hoje Jo and Meir Statman, (November-December 1993),
“Doing Well While Doing Good? The Investment Performance of Socially
Responsible Mutual Funds”, Financial Analysts Joumal, Vol:49, No:6,
s.62.
Scholtens, Bert, (2005), “Style and Performance of Dutch Socially
Responsible Investment Funds”, , Spring, pp. 63
-72.
Schröder, Michael, (2004), “The Performance of Socially Responsible
Investmens: Investment Funds and Indices”,
, Vol. 18, No.2, s. 122 - 142.
s.2,
http://www.socialinvest.org/pdf/research/Trends/2005 Trends Report.pdf,
(Erisim: 18.01.2010).
Sparkes Russell ve Christopher J. Cowton, (2004), “The Maturing of
Socially Responsbile Investment: A Review of the Developing Link with Corporate Social Responsibility”, Vol: 52,
No: 1, s.45-57.
Statman, M., (2000), “Socially Responsible Mutual Funds”,
, Vol. 56, No. 3, pp. 30-39.
Türkiye Is Bankasi A.S. B Tipi Degisken Tema Çevre Fonu 01.12.2009-
31.12.2009 Dönemi Aylik Raporu
http://www.isbank.com.tr/programs/fonlar/Aylik200912821.htm, (Erisim
Tarihi: 29.01.2010)
Türkiye Is Bankasi A.S. B Tipi Degisken Tema Çevre Fonu 2.Milyar Adet
1. Tertip Katilma Payina iliskin izahname,
http://www.isbank.com.tr/programs/fonlar/izahname_821.pdf, (Erisim
Tarihi: 29.01.2010)
Türkiye Is Bankasi A.S. B Tipi Degisken Tema Çevre Fonu Iç Tüzügü,
http://www.isbank.com.tr/programs/fonlar/821b.pdf, (Erisim Tarihi:
29.01.2010).
Türkiye Is Bankasi A.S. B Tipi Degisken Tema Çevre Fonu Iç Tüzük
Degisikligi,
http://www.isbank.com.tr/PDF/YatirimFonlari/821tas_duyuru.pdf, (Erisim
Tarihi: 29.01.2010).
Türkiye Is Bankasi A.S. B Tipi Degisken Tema Çevre Fonu Müdürü Didem
Gelenbe ile yapilan 02.02.2010 tarihli görüsme.
·

Thank you for copying data from http://www.arastirmax.com