我国社会责任投资基金的发展研究

发布时间：2018-04-09 13:53

本文选题：社会责任投资　切入点：社会责任投资基金　出处：《武汉理工大学》2013年硕士论文

【摘要】：社会责任投资基金是基于社会责任投资的理念,投资于对社会发展和环境保护有利的企业或行业的基金。作为一种新型的投资方式,社会责任投资不仅注重投资的财务绩效,也注重投资对社会和环境的影响。发展社会责任投资基金是践行社会责任投资的重要方式,有助于引导资源流向积极履行社会责任的企业,不仅有利于我国经济的可持续发展,也能够促进和谐社会的构建,可以产生较大的社会效应和经济效应。社会责任投资基金已经成为欧美资本市场的主流,而我国资本市场目前仅有三只股票型和一只指数型社会责任投资基金,基金的数量和规模都还非常有限,社会责任投资基金在我国的发展仍处于初步阶段。发展社会责任投资基金是我国资本市场支持可持续发展的重要方式,而我国投资者日益增大的投资需求也为社会责任投资基金的发展创造了条件。为此,研究社会责任投资的国际经验,并分析我国社会责任投资基金的发展现状和存在的问题,并提出进一步的发展建议,具有较大的金融研究的理论意义和实际发展的现实意义。本文采用理论研究、实证研究、以及比较、归纳等研究方法,首先回顾了国内外社会责任投资的相关文献,对社会责任投资基金的相关概念进行了界定,并整理了社会责任投资发展的相关理论和社会责任投资基金的证券投资相关理论。然后分析了社会责任投资基金在欧美发达国家和亚非新兴市场经济国家的发展现状,介绍了具有代表性的多米尼社会责任基金,并总结国外社会责任投资基金发展的推动力量。接着分析了我国现有的社会责任投资基金的发展现状,并对我国第一只社会责任投资基金——兴全社会责任投资基金进行纵深分析,重点分析了其绩效,结果表明兴全社会责任投资基金的收益率和风险调整收益在同类股票型基金中处于较高水平,总体上绩效也好于沪深300指数。最后,总结我国社会责任投资基金发展存在的问题,并结合我国的实际和国外的发展经验,从提高机构投资者的投资比例,改善外部环境,以及加强内部推动力三个方面对我国社会责任投资基金的进一步发展提出建议。
[Abstract]:Social responsibility investment fund is based on the concept of social responsibility investment, investment in the social development and environmental protection of enterprises or industry funds.As a new type of investment, social responsibility investment not only focuses on the financial performance of investment, but also on the impact of investment on society and environment.The development of social responsibility investment fund is an important way to practice social responsibility investment, which is helpful to guide resources to the enterprises that fulfill social responsibility actively. It is not only conducive to the sustainable development of our economy, but also can promote the construction of a harmonious society.Can produce bigger social effect and economic effect.The social responsibility investment fund has become the mainstream of the European and American capital market, but the capital market of our country only has three stock and one index social responsibility investment fund at present, the number and the scale of the fund are still very limited.The development of social responsibility investment fund in our country is still in the initial stage.The development of social responsibility investment funds is an important way of supporting sustainable development in our country's capital market, and the increasing investment demand of Chinese investors also creates conditions for the development of social responsibility investment funds.Therefore, this paper studies the international experience of social responsibility investment, analyzes the present situation and existing problems of China's social responsibility investment fund, and puts forward some suggestions for further development.It is of great theoretical significance and practical significance of financial research.In this paper, theoretical research, empirical research, comparison, induction and other research methods are used to review the relevant literature of social responsibility investment at home and abroad, and define the relevant concepts of social responsibility investment fund.The related theories of social responsibility investment and social responsibility investment fund are summarized.Then it analyzes the development status of social responsibility investment fund in developed countries in Europe and America and emerging market economy countries in Asia and Africa, introduces the representative domino social responsibility fund, and summarizes the driving force of the development of foreign social responsibility investment fund.Then it analyzes the present situation of the social responsibility investment fund in our country, and analyzes the performance of the first social responsibility investment fund, the whole social responsibility investment fund.The results show that the return rate and risk-adjusted income of Xingquan CSR investment fund are at a higher level in the similar equity funds, and the overall performance is better than that of CSI 300 index.The further development of social responsibility investment fund in China is suggested from three aspects: strengthening internal driving force.
【学位授予单位】：武汉理工大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.51

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