Theme:
Home Student Activities
kamagra 100mg
Print E-mail



Cody Meglio is currently (Fall 2010) a senior majoring in Accounting, Finance, and Economics at Marietta College. Originally from Marietta, Ohio, Cody is slated to graduate in December 2010.

Cody Meglio

Graduation Year: 2010
Major: Accounting, Finance, and Economics

Capstone Topic:
The Determinants of Small Domestic Equity Mutual Fund Performance During the Market Downturn: Does Social Responsibility Matter?

Cody Meglio is currently (Fall 2010) a senior majoring in Accounting, Finance, and Economics at Marietta College. Originally from Marietta, Ohio, Cody is slated to graduate in December 2010. While a student at Marietta College, Cody has interned with the accounting firms of Tenney & Associates in Vienna, West Virginia and Ernst & Young in Charleston, West Virginia. During the summer of 2010, he passed the Regulation and Business sections of the Uniform CPA Exam. He is a 2007 graduate of Washington State Community College and a 2008 graduate of Marietta Senior High School, both in Marietta, Ohio. After graduation, Cody plans to work for Ernst & Young in its Charleston, West Virginia office as a staff auditor.


Abstract

The impact of socially responsible investing (SRI) on mutual fund performance has become increasingly controversial as SRI has recently gained popularity. This paper uses regression analysis to determine if SRI has any significant impact on performance. The study uses the OLS procedure and a cross-sectional dataset comprised of 20 SRI mutual funds and 50 regular mutual funds. The funds in the sample each have less than $500 million in net assets and invest primarily in domestic equities. They are studied during the three-year period from 2007 to 2010, a time when the market tumbled. The empirical model includes control variables relating to risk, cost, fund size, fund age, management characteristics, and fund style. Three specifications are presented to explore the impact of these explanatory variables on the Jensen Alpha, Sharpe Ratio, and net performance. Ultimately, whether the fund is an SRI fund or not is found to have no significant impact on any of the three measures of performance. Additionally, the study finds that standard deviation has a significant negative impact on performance but a significant positive impact on the Jensen Alpha. Fund loads and 12b-1 fees are also found to have significant negative impacts on the various measures of performance.

Cody presents his capstone paper.

 
Home Student Activities

Student Spotlight

Devin Wysni, Senior
Information Systems
Visit ePortfolio

Garrett Stephenson, Senior
Information Systems
Visit ePortfolio

Cameron Johnson, Junior
Information Systems
Visit ePortfolio

Hao Fu
Information Systems

Visit ePortfolio

Alumni Spotlight

Stephen Hunter Casey Trail
Sisi Liu Harrison Potter
John Kitson Joshua Bibb

Department Tour