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Financial Advisers’ Attitude and Readiness of Advising Socially Responsible Investing

Author

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  • K.L. LAM

    (London South Bank University, Hong Kong)

  • Dr. Kenny J.M. LUO

    (City University of Macau)

Abstract

This paper explored the factors affecting financial advisers’ readiness of advising socially responsible investment. Based on the literature, the investment decision making process is identified. However, very limited literature discussed how the attributes and attitude of financial advisers (planners or consultants) affect the inclination of the advisers’ to provide suggestion on socially responsible investment. A conceptual model is developed for the understanding of how financial advisers’ concerns about environmental and social issues affect their readiness and hence may influence investors. A focus group comprise 6 experienced financial planners were organized to brainstorm the factors that affect their advice to clients. The Readiness to advise SRI is measured by knowledge , attitude, motivation and profile in this study. The self-perceived readiness of advising may also be generalized into other regime of financial planning and consultation on other products or services.

Suggested Citation

  • K.L. LAM & Dr. Kenny J.M. LUO, 2015. "Financial Advisers’ Attitude and Readiness of Advising Socially Responsible Investing," Journal of Business & Management (COES&RJ-JBM), , vol. 3(3), pages 416-425, July.
    • Handle: RePEc:jso:coejbm:v:3:y:2015:i:3:p:416-425
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    References listed on IDEAS

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    1. Antonio Chamorro‐Mera & María Manuela Palacios‐González, 2019. "Socially responsible investment: An analysis of the structure of preferences of savers," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(6), pages 1423-1434, November.

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