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Who lets ethics guide his economic decision-making? An empirical analysis of individual investments in ethical funds

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  • Säve-Söderbergh, Jenny

Abstract

This paper shows that one out of eight investors chooses ethical funds and foregoes return for ethical principles. However, few screen completely. Human capital, being female and "empathetic" professions all predict ethical decision-making. Interestingly, neither income nor wealth explains screening.

Suggested Citation

  • Säve-Söderbergh, Jenny, 2010. "Who lets ethics guide his economic decision-making? An empirical analysis of individual investments in ethical funds," Economics Letters, Elsevier, vol. 107(2), pages 270-272, May.
    • Handle: RePEc:eee:ecolet:v:107:y:2010:i:2:p:270-272
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    References listed on IDEAS

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    1. Freeman, Richard B, 1997. "Working for Nothing: The Supply of Volunteer Labor," Journal of Labor Economics, University of Chicago Press, vol. 15(1), pages 140-166, January.
    2. Andrei Shleifer, 2004. "Does Competition Destroy Ethical Behavior?," American Economic Review, American Economic Association, vol. 94(2), pages 414-418, May.
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    1. repec:dau:papers:123456789/7349 is not listed on IDEAS
    2. Gunther Capelle-Blancard & Stéphanie Monjon, 2010. "Socially Responsible Investing: it Takes More than Words," Working Papers 2010-15, CEPII research center.
    3. Cedric E. Dawkins, 2018. "Elevating the Role of Divestment in Socially Responsible Investing," Journal of Business Ethics, Springer, vol. 153(2), pages 465-478, December.

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