This study analyses the performance and market timing of US socially responsible (SR) mutual funds in relation to business cycle regime shifts and different grouping criteria: Ethical strategy focus, SR attributes scores and Morningstar category. Different methodologies are applied and results highlight the importance of considering specific benchmarks related to the investment style in evaluating the SR fund performance. Our results show that, in aggregate, the abnormal performance of SR funds is negative and significant in expansion periods, but no significant (...) differences are found in recession periods. When specific benchmarks are considered, performance improves in recession periods, particularly for environmental funds, those with high SR attributes scores, and funds from the nine Morningstar style box categories. Market timing of SR funds takes positive values and is partially significant. Previous evidence of negative timing after a recent financial crisis vanishes when specific benchmarks are considered. For comparative purposes the performance of conventional US mutual funds is also analysed. There are no significant differences between the performance of SR and conventional mutual funds when a fair comparison is made within the same style categories. When all the SR funds are considered, they underperform conventional funds in expansion sub‐periods, but in recession sub‐periods they perform better, although the differences observed are not significant. (shrink)

rails to total abstraction, to conjure a perfect social system, between fulfilment of individual and colective will.

Long Range and short range, guns and violence, everyday life in cities and streets, between social and group identity and faith and religious belief, the vision to the "things of the world that cannot be seen" (Heróis do Mar).

a romantic solution to the dilemma beteew obscenity and ascetism.

Violence is somehow equivalent to Be Right? How can I be fair and non-violent? It depends on the receptor, in terms of social comunication.

Times of Existential Discomfort are these, where man is still seeking for a spiritual path, between sacred and profane. What's the role of philosophy in this search, does she require some means that are in others hands? In th hands of powered people, between economic powershi and aesthetic extravaganza?

to be, being and belonging, some point of departure categories to arrive to the conclusion that happyness is connecte to a feeling of possession, the Havinng. I revisit some ideaas of my PhD Text.

Youthness and Aging, Time elapsed and relapsed memory, between lollenyness and secrecy about our desires, in front of openess and the back of the Ego.

A logic path between moral principles of social organization of religious rules and the economiy of belief in industrial societies. I argue that some lifes may be like currency, a Good and a Bad Side, due to the dilema betwee profit and spiritual reasons.

how's going human civilizat5ion: preparing to leave earth behind?

A superficial look to some Nietzsche's itens from an anthropological point of view.

Saturation, intoxication to the medias of realization and porsuit of happyness.

The social and personal utility of mental and physical suffering, exploration of the ideia that pain can be tolerated if we belive and so on euthanasia is not mandatory to several cases.

Suspending the social matter of social anthropology (along with other surprises).

Is art and wrting a pagan manifestation of profane thoughts and feelings? What about the sacred art? Is there a link between the two? In other hand, the social status of the artist and semo processes of artistic creation, his strategy, his willing, his fundamentals.

you can conspire. So do I. Reality, social or natural, supernatural, can conspire against you or in favour, it depends on the quality of your seeds...

Absorb or replicate em terms of social relacions and even intercourse? Reflect, with reflection, it may be silly, but it works, on several levels of human experience.

sublime and sublimation, between ascetism en religious practice, social order and cultural feelings.

Can psychiatry be read from an anthropological point of view? What is normal? What is pathological? Social order and pathos in question on this essay.

Solitude, is being with other without the other, is being with other, among the masses. Has de integrality of personhood something to loss with social contact? We believe not, we need war words and deeds.

new treatie on human understanding, pursuing Spinoza and Locke.

Etnofiction essay, between anthropology and philosophy.

I've tried to make an asset from social sciences to recognize somo philosophycal porpuses in teh relation betwee theory and practice in ethnographic context of southern Europe.

thinking or not thinking, there is tha question. The institutions say "Don't Think", while philosophers say "Think, please". What attitude we must choose?

the struggle for status is more primitive of what we thing or tought about, it's very linked with the struggle for survavil, terretory, reproduction, pleasure....in a world more and more violent in some way and stupidly peacefful on other way and territories...

Fear. Cerimonial Fear, as the Judge could be God, wich represents, some way, the entire society, dead or alive.

Vacuity, vanity, proposal of a elapsed time fadeaway, an essay in portuguese language, soon on english.

following Spinoza an, somewhat, Locke, trough a luminous path of a unique philosophical adventure.

cinematic proposition to the field of philosophical cinema and literature, in hommage to Henry-Lévi.

A ideia de sublime é necessária à reflexão filosófica contemporânea?

the thing we've been looking for, the definition of a thing who is lost and at the same time we need to find and can be usefull to all mankind and each and every man.

A new approach to Nietzsche, so called Nietzeche sindrom.

to be or not to be ethically neutral, in a world of decieve and calculation.

nervous essay on the conversion and future work of the disciple of Jesus.

When the anthropologist has more solution to mentall ilness, i.e., medication and therapy, in vue to the richness of reality and social world.