We explore a novel survey on responsible investing by institutional investors around the world and match it to archival … exhibit better environmental, social, and governance (ESG) portfolio-level scores ("footprints") but this is not the case for … US-domiciled institutions. In fact, US investors that committed but only partially implement ESG strategies (e …

evangelists. Our results suggest that socially responsible fund providers with a stronger impact orientation, such as ESG … impact orientation, such as ESG hermits, focus more on purity aspects and therefore tend to utilize strategies that defend …The concept of investor impact of socially responsible investments is relatively new. Our article expands knowledge in …

investor impact—that is, the change investors trigger in companies' environmental and social impact. We distinguish three … impact mechanisms: shareholder engagement, capital allocation, and indirect impacts, concluding that the impact of … shareholder engagement is well supported in the literature, the impact of capital allocation only partially, and indirect impacts …

This paper studies the impact of environmental, social, and governance (ESG) ratings on investors' preferences and … stock prices. We exploit a change in ESG rating methodology that non-linearly shifted ESG ratings for firms as a natural … experiment. We show that the 'pseudo'-changes in the ESG ratings induced by the change in methodology are unrelated to potential …

(conscientiousness, importance of the impact of direct investments on sustainability, risk aversion, financial literacy) are also …