Giglio, Stefano; Maggiori, Matteo; Stroebel, Johannes; … - National Bureau of Economic Research - 2023
data on their investment portfolios. The survey elicits investors' expectations of long-term ESG equity returns and asks … motivated by return expectations. Third, there is a link between individuals' reported ESG investment motives and their actual … investment behaviors, with the highest ESG portfolio holdings among individuals who report ethics-driven investment motives …