Traditionally, finance has paid attention to the risk-return trade-off. Recently, given the incorporation of the 2030 Agenda and climate change, a third pillar has been incorporated into the investment decision: sustainability. Socially responsible investment is an instrument that can...

What drives investors’ sensitivity to sustainable investment fees? We conduct a large-scale online experiment with samples of individual investors in five European countries. We explore two main channels for investors' sensitivities to fees. First, investors might be willing to pay higher fees...