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Ethical requirement and financial interest : a literature review on socially responsible investing
Wallis, Miriam von; Klein, Christian - In: Business research 8 (2015) 1, pp. 61-98
This paper provides an overview of the status quo in socially responsible investing (SRI) literature. We outline … motives, history, and current best practice of SRI. We also provide a thorough analysis of a wide set of studies that cover … two key topics in this field: the first research objective is to determine the relative performance of SRI vehicles in …
Persistent link: https://www.econbiz.de/10011488110
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Do financial advisors exploit responsible investment preferences?
Laudi, Marten; Smeets, Paul; Weitzel, Utz - 2021
(SRI). Yet, the impact of SRI mandates on consumers is unclear. In a pre-registered lab-in-the-field experiment with 345 … professional advisors, we find that advisors charge a premium to SRI clients that cannot be justified by higher effort, skill, or … costs. This suggests that advisors exploit the SRI preferences of their clients (who accept these higher fees). In an …
Persistent link: https://www.econbiz.de/10012591238
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Sustainable financial literacy and preferences for sustainable investments among young adults
Varmaz, Armin; Riebe, Katharina; Hegner, Sabrina - In: Vierteljahrshefte zur Wirtschaftsforschung 90 (2021) 4, pp. 43-69
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...
Persistent link: https://www.econbiz.de/10014234973
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ESG investing : theory, evidence, and fiduciary principles
Schanzenbach, Max M.; Sitkoff, Robert H. - 2020 - Draft of August 31, 2020
Trustees and other investment fiduciaries of pensions, charities, and personal trusts, and those who advise them, face increasing pressure to rely on ESG factors in the investment management of tens of trillions of dollars of other people's money. At the same time, however, confusion abounds...
Persistent link: https://www.econbiz.de/10012427110
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Comparing those who do, might and will not invest in sustainable funds : a survey among German retail fund investors
Wins, Anett; Zwergel, Bernhard - In: Business research 9 (2016) 1, pp. 51-99
In this paper, we present the results of an online questionnaire among private German mutual fund investors. In an exploratory nature, we empirically analyze the differences between three groups: sustainable investors, conventional investors that are either generally interested or those that are...
Persistent link: https://www.econbiz.de/10011488346
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The salience of ESG ratings for stock pricing : evidence from (potentially) confused investors
Rzeźnik, Aleksandra; Hanley, Kathleen Weiss; Pelizzon, … - 2021
We exploit a modification to Sustainalytics' environmental, social, and governance (ESG) rating methodology, which is subsequently adopted by Morningstar, to study whether ESG ratings are salient for stock pricing. We show that the inversion of the rating scale but not new information leads some...
Persistent link: https://www.econbiz.de/10012643898
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The power of ESG ratings on stock markets
Latino, Carmelo; Pelizzon, Loriana; Rzeźnik, Aleksandra - 2021
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...
Persistent link: https://www.econbiz.de/10012485077
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Responsible investing : the ESG-efficient frontier
Pedersen, Lasse Heje; Fitzgibbons, Shaun; Pomorski, Lukasz - In: Journal of financial economics 142 (2021) 2, pp. 572-597
Persistent link: https://www.econbiz.de/10013259952
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Does Wealth Play a Role in Socially Responsible Mutual Fund Investing?
Christiansen, Charlotte - 2020
This paper uses an administrative panel dataset to examine Swedish households' socially responsible investing (SRI) in … for the economy. Surprisingly, wealthy households hardly differ from all households in their SRI investment behavior. For … wealthy and all households alike, income and financial wealth are positively related to participation in SRI funds. For all …
Persistent link: https://www.econbiz.de/10012852801
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What Do Impact Investors Do Differently?
Cole, Shawn; Jeng, Leslie A.; Lerner, Joshua; Rigol, Natalia - National Bureau of Economic Research - 2023
In recent years, impact investors - private investors who seek to generate simultaneously financial and social returns - have attracted intense interest and controversy. We analyze a novel, comprehensive data set of impact and traditional investors to assess how the non-financial characteristics...
Persistent link: https://www.econbiz.de/10014437029