Sustainable Financial Literacy and Preferences for Sustainable Investments among Young Adults

Artikel

We use a choice experiment on equity fund investments to estimate the preferences of young adults for sustainable investments relative to conventional investment funds. Our results suggest that the traditional trade-off between investment fund risk and return is still valid in the selection of sustainable investment funds. The environment focus is more important for the choice of sustainable investment then social or governance aspects. Latent behavioural characteristics (conscientiousness, importance of the impact of direct investments on sustainability, risk aversion, financial literacy) are also important to explain the choice for sustainable funds.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Vierteljahrshefte zur Wirtschaftsforschung ; ISSN: 1861-1559 ; Volume: 90 ; Year: 2021 ; Issue: 4 ; Pages: 43-69

Classification and Topics

• Classification: Wirtschaft ; Portfolio Choice; Investment Decisions ; Behavioral Finance: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets‡ ; Model Evaluation, Validation, and Selection ; Design of Experiments: Laboratory, Individual ; Relation of Economics to Social Values
• Subject: portfolio choice ; sustainable investments ; Socially responsible investments ; Ethical investing ; Corporate social responsibility ; equity funds ; financial literacy

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Varmaz, Armin ; Riebe, Katharina ; Hegner, Sabrina
• Event: Veröffentlichung
• (who): Duncker & Humblot
• (where): Berlin
• (when): 2021

Further information

• DOI: doi:10.3790/vjh.90.4.43
• Handle: http://hdl.handle.net/10419/270635
• Last update: 10.03.2025, 11:45 AM CET