Sustainable Financial Literacy and Preferences for Sustainable Investments among Young Adults

We use a choice experiment on equity fund investments to estimate the preferences of young adults for sustainable investments relative to conventional investment funds. Our results suggest that the traditional trade-off between investment fund risk and return is still valid in the selection of sustainable investment funds. The environment focus is more important for the choice of sustainable investment then social or governance aspects. Latent behavioural characteristics (conscientiousness, importance of the impact of direct investments on sustainability, risk aversion, financial literacy) are also important to explain the choice for sustainable funds.

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Year of publication:	2021
Authors:	Varmaz, Armin ; Riebe, Katharina ; Hegner, Sabrina
Published in:	Vierteljahrshefte zur Wirtschaftsforschung. - ISSN 1861-1559. - Vol. 90.2021, 4, p. 43-69
Publisher:	Berlin : Duncker & Humblot
Subject:	portfolio choice \| sustainable investments \| Socially responsible investments \| Ethical investing \| Corporate social responsibility \| equity funds \| financial literacy

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.3790/vjh.90.4.43 [DOI] 1840134380 [GVK] hdl:10419/270635 [Handle] RePEc:diw:diwvjh:90-4-4 [RePEc]
Classification:	g53 ; G11 - Portfolio Choice ; g41 ; C52 - Model Evaluation and Testing ; C91 - Laboratory, Individual Behavior ; A13 - Relation of Economics to Social Values
Source:	EconStor

Persistent link: https://www.econbiz.de/10014001287