IDEAS home Printed from https://ideas.repec.org/p/hhb/sicgwp/2009_006.html
   My bibliography  Save this paper

Psychological Influences on Investors Intention to be Socially Responsible Investors: A comparison what influences SRI intentions among different types of investors

Author

Listed:
  • Jansson, Magnus

    (University of Gothenburg)

  • Biel, Anders

    (University of Gothenburg)

Abstract

This study investigates determinants of equity investments according to socially responsible criteria among Swedish investors such as investment institutions, institutional investors and private investors. In total 38 investment institutions, 60 employees from 19 investment institutions, 453 private investors and 71 institutional investors participated in a questionnaire study. The aim of the study was to investigate financial beliefs and psychological factors that may promote or impede SRI among different types of investors. It was found that while Socially Responsible Investment (SRI) among private and institutional investors was guided by self-transcendent values (environmental and social values), this was not the case among fund managers working in investment institutions. Fund managers were affected by beliefs about long-term returns of SRI. Private investors were, in addition, influenced by beliefs about long-term returns, while institutional investors were motivated by an effort to reduce financial risks. Finally, investment institutions tended to overrate the importance of financial returns among their beneficiaries (private and institutional beneficiaries) and underestimate the importance of ethical, environmental and social aspects for beneficiaries. The results indicate that private and institutional investors/beneficiaries give a wider interpretation of fiduciary duty than institutional investors do.

Suggested Citation

  • Jansson, Magnus & Biel, Anders, 2009. "Psychological Influences on Investors Intention to be Socially Responsible Investors: A comparison what influences SRI intentions among different types of investors," Sustainable Investment and Corporate Governance Working Papers 2009/6, Sustainable Investment Research Platform.
    • Handle: RePEc:hhb:sicgwp:2009_006
    as

    Download full text from publisher

    File URL: http://web.abo.fi/fak/esf/fei/redovisa/kurser/Lasse/Mistra%20wp/sirp%20wp%2009-06%20-%20jansson%20biel.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jean-François Gajewski & Marco Heimann & Luc Meunier, 2022. "Nudges in SRI: The Power of the Default Option," Post-Print hal-03156921, HAL.
    2. Amelia Bilbao-Terol & Mar Arenas-Parra & Verónica Cañal-Fernández & Celia Bilbao-Terol, 2013. "Selection of Socially Responsible Portfolios Using Hedonic Prices," Journal of Business Ethics, Springer, vol. 115(3), pages 515-529, July.
    3. Jean-Francois Gajewski & Marco Heimann & Luc Meunier, 2022. "Nudges in SRI: The Power of the Default Option," Journal of Business Ethics, Springer, vol. 177(3), pages 547-566, May.

    More about this item

    Keywords

    Socially responsible investment; Investment decisions; Ethical investments; Values; Beliefs;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:hhb:sicgwp:2009_006. 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: Pontus Cerin (email available below). General contact details of provider: https://edirc.repec.org/data/iikthse.html .

    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.