IDEAS home Printed from https://ideas.repec.org/a/taf/jsustf/v11y2021i3p253-275.html
   My bibliography  Save this article

Fund managers’ investment considerations for K-IFRS-adopted corporates: impact on investment and reinvestment intentions

Author

Listed:
  • Joon-ho Kim
  • Seung-hye Jung
  • Jong-pil Yu
  • June-hyuk Kwon

Abstract

This study aims to empirically analyze the effects of fund managers’ investment considerations about K-IFRS-adopted corporates on investment and reinvestment intentions. We perform an evaluation of 576 fund managers working across 53 asset management companies in Korea over a six-month period. We then conduct a statistical analysis of 149 (25.8%) valid questionnaires and obtain the following results. First, the financial and management factors have a statistically significant and positive effect on investment intentions, whereas the reliability and social responsibility factors show no such effect. Second, among fund managers’ investment considerations regarding K-IFRS-adopted corporates, the reliability, social responsibility, and management factors have a statistically significant positive effect on reinvestment intentions; but, we find no such effect for the financial factor. Third, conservative investment propensity demonstrates positive moderation in the relationship between social responsibility and investment intentions and aggressive investment propensity does so for the relationship between the financial factor and reinvestment intentions.

Suggested Citation

  • Joon-ho Kim & Seung-hye Jung & Jong-pil Yu & June-hyuk Kwon, 2021. "Fund managers’ investment considerations for K-IFRS-adopted corporates: impact on investment and reinvestment intentions," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 11(3), pages 253-275, July.
    • Handle: RePEc:taf:jsustf:v:11:y:2021:i:3:p:253-275
    DOI: 10.1080/20430795.2020.1727723
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/20430795.2020.1727723
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/20430795.2020.1727723?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jsustf:v:11:y:2021:i:3:p:253-275. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/TSFI20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.