Altruism versus Egoism in Investment Decisions
Basic data for this talk
Type of talk: scientific Talk
Name der Vortragenden: Brodback, Daniel
Date of talk: 14/09/2017
Talk language: English
Information about the event
Name of the event: Corporate Responsibility Research Conference 2017
Event period: 13/09/2017 - 15/09/2017
Event location: Universität Sevilla, Sevilla, Spanien
Event website: http://www.crrconference.org/previous-conferences/crrc-2017/
Abstract
We provide survey evidence that personal values have an impact on individual investment decisions, in particular the decision to invest socially responsible. Our findings show that there is a positive link between altruistic values and the relative importance of social responsibility. This effect is stronger when individuals believe that they can make a positive social or environmental impact with their investments, or when they feel morally obliged to invest responsibly. If altruistic individuals associate responsible investments with higher returns, it decreases their motivation to invest responsibly. Egoistic values are negatively associated with the decision to invest responsibly. Egoism only leads to an increased relative importance of social responsibility when individuals expect higher returns from holding responsible assets.Keywords: Socially Responsible Investing; Survey; Investment Decisions; Psychological Values
Distinctions received for talk
| 2017 Best PhD student paper award, CRR Conference 2017, to Altruism versus Egoism in Investment Decisions Awarded by: Bernabé Escobar Pérez, Organizing Committee President, Sustainability Research Institute at the University of Leeds (United Kingdom), KEDGE Business School (France), Universidad Sevilla Award given to: Brodback, Daniel; Guenster, Nadja; Mezger, David Announced at: 15/09/2017 | Date of awarding: 15/09/2017 Type of distinction: Best publication award |