How relevant are economic preferences and personality traits for individual sustainable investment behavior? A framed field experiment

Konferenzbeitrag

This paper analyzes the determinants of socially responsible investing (SRI) at the individual investor level. We examine data from an incentivized framed field experiment, which was part of a survey among a representative sample of financial decision makers in German households. Thus, we provide a new approach to elicit preferences for SRI. We further extend the set of potential determinants of SRI and consider all economic preferences according to Falk et al. (2018) and the Big Five personality traits. The analysis reveals that these factors are only of minor relevance in comparison to financial literacy, environmental values, and social norms.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2020: Gender Economics

Classification and Topics

• Classification: Wirtschaft ; Portfolio Choice; Investment Decisions ; Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth ; Relation of Economics to Other Disciplines ; Relation of Economics to Social Values
• Subject: Socially responsible investing ; economic preferences ; personality traits ; framed field experiment

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Gutsche, Gunnar ; Wetzel, Heike ; Ziegler, Andreas
• Event: Veröffentlichung
• (who): ZBW - Leibniz Information Centre for Economics
• (where): Kiel, Hamburg
• (when): 2020

Further information

• Handle: http://hdl.handle.net/10419/224542
• Last update: 10.03.2025, 11:42 AM CET