... mutual funds Hypothesis 3a: SR mutual funds show different Jensen’s α from conventional mutual funds Hypothesis 3b: SR mutual funds show different CAPM β from conventional mutual funds IS SOCIALLY RESPONSIBLE ... conventional mutual funds Hypothesis 2b: SR mutual funds show lower financial risk than conventional mutual funds Hypothesis 2c: SR mutual funds show higher financial risk tolerance than conventional mutual ... parameter of SR IS SOCIALLY RESPONSIBLE INVESTING JUST SCREENING? mutual funds according to ESG-scores is significant smaller than the risk tolerance parameter of conventional funds Moreover,...