RT Journal Article SR Electronic T1 United Nations Principles for Responsible Investment Signatories: Evangelists or Hypocrites? JF The Journal of Impact and ESG Investing FD PMR SP 134 OP 139 DO 10.3905/jesg.2022.1.050 VO 3 IS 1 A1 Soohun Kim A1 Aaron S. Yoon YR 2022 UL https://pm-research.com/content/3/1/134.abstract AB Kim and Yoon (2021) assess whether active US mutual funds exhibit ESG implementation after they sign the United Nations Principles for Responsible Investment (PRI). In a stark contrast to the fact that PRI signatories attract a large fund inflow, we do not observe improvements in fund-level ESG scores or fund returns. Furthermore, PRI signatories are not likely to be superior in ESG issues prior to signing relative to non-PRI funds. Given these findings, a reasonable reader may perceive PRI signatories as hypocrites rather than evangelists.