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Liberty University

1. Rhodes, Stacie. The Effective Return of Biblically Responsible Exchange Traded Funds.

Degree: 2018, Liberty University

This dissertation research study was designed to contribute to the growing body of knowledge regarding the efficacy of a recently popular investment vehicle (ETFs; Ben-David et al., 2017) and the impact of values-based investment strategies on performance (Bidisha et al., 2017). Specifically, this research examined the risk-adjusted returns of biblically responsible ETFs, a subset of the larger category of socially responsible investment funds. The results of this study indicated there was no statistically significant difference between the intraday risk-adjusted return yields of the mid-cap and world large stock BRI ETFs and their respective benchmark indexes or the average intraday risk-adjusted return yield of their category grouping of equity-only faith-based investment funds. The two additional performance proxies, the Sharpe ratio and Jensen’s α, revealed that the mid-cap BRI ETF (ISMD) had both a higher intraday Sharpe ratio and Jensen’s α than the small/mid-cap equity-only faith-based funds and its respective benchmark index with no socially responsible investing agenda. One world large stock equity-only faith-based fund (GAGYX) had a statistically significant difference in the intraday performance from the Russell 3000 index. Further, the Sharpe ratio and Jensen’s α for the fund were also higher than the benchmark.

Subjects/Keywords: Biblically Responsible; BRI; Equity-only Faith-based Investment Funds; ETF; Exchange Traded Funds; SRI; Accounting; Business

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Rhodes, S. (2018). The Effective Return of Biblically Responsible Exchange Traded Funds. (Doctoral Dissertation). Liberty University. Retrieved from https://digitalcommons.liberty.edu/doctoral/1865

Chicago Manual of Style (16th Edition):

Rhodes, Stacie. “The Effective Return of Biblically Responsible Exchange Traded Funds.” 2018. Doctoral Dissertation, Liberty University. Accessed December 14, 2018. https://digitalcommons.liberty.edu/doctoral/1865.

MLA Handbook (7th Edition):

Rhodes, Stacie. “The Effective Return of Biblically Responsible Exchange Traded Funds.” 2018. Web. 14 Dec 2018.

Vancouver:

Rhodes S. The Effective Return of Biblically Responsible Exchange Traded Funds. [Internet] [Doctoral dissertation]. Liberty University; 2018. [cited 2018 Dec 14]. Available from: https://digitalcommons.liberty.edu/doctoral/1865.

Council of Science Editors:

Rhodes S. The Effective Return of Biblically Responsible Exchange Traded Funds. [Doctoral Dissertation]. Liberty University; 2018. Available from: https://digitalcommons.liberty.edu/doctoral/1865

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