Research On The Influence Between The Social Responsibility Investment And The Performance Of Green Publice Funds

Along with our country economic development into the "new normal" period,the concept of sustainable development is deeply rooted in the hearts of the people gradually,financial market is also attaches great importance to the sustainable development.As an important force in the fund industry,the public offering fund plays an irreplaceable role in the capital market.As a new direction for the development of public offering fund,the green public offering fund gives consideration to the economic and social benefits in the investment,emphasizes the social responsibility investment of listed companies,and the investment concept conforms to the requirements of sustainable development,thus injecting a force that cannot be ignored for the healthy development of China’s economy.But socially responsible investing green public offering fund in our country is still at the initial stage,all aspects of development still not mature,corporate social responsibility report is not standard,information disclosure still exists such problems as incomplete.But in recent years,the national related department attaches great importance to the problem of social responsibility,securities regulatory commission and other departments have perfect a series of regulations in relation to social responsibility of the securities industry investment,believe that the future investment fund industry in our country social responsibility will have broad prospects for development and space.Based on the above background,this paper studies the relationship between social responsibility investment and fund performance of green public offering funds.Firstly,by reading the literature at home and abroad,analysis at home and abroad to fund the development of socially responsible investing.Secondly,combining portfolio theory,sustainable development theory,stakeholder theory and social responsibility theory,the fund performance is divided into two aspects: fund performance and fund risk fluctuation.The relationship between fund portfolio social responsibility performance and fund performance and risk fluctuation is analyzed and the research hypothesis is proposed.Finally,this paper establishes relevant variables and build the model,select the related data during 2014 to 2018,the data statistics and processing,and combining the model are analyzed.The analysis results show that the social responsibility investment of China’s green public offering fund can improve the performance of the fund and increase the risk of the fund,but the impact is limited.It is also found that the fund size has a positive correlation with the improvement of fund performance,and the above conclusions have passed the robustness test.Based on the above conclusions,this paper puts forward several reasonable Suggestions for the healthy development of social responsibility investment of green public funds in China,including standardizing the information disclosure of listed companies and establishing fair and objective third-party corporate social responsibility evaluation service.Strengthen the investor education,perfecting the relevant laws and regulations,improve the quality of the professional fund managers and the social responsibility consciousness,etc.