Responsible Investing: A Study on Non-Economic Goals and Investors’ Characteristics

Autor: Renuka Sharma, Kiran Mehta, Vishal Vyas
Jazyk: angličtina
Rok vydání: 2020
Předmět:
Zdroj: Applied Finance Letters, Vol 9, Iss SI (2020)
Druh dokumentu: article
ISSN: 2253-5799
2253-5802
DOI: 10.24135/afl.v9i2.245
Popis: The notion of rational investment is not attuned with the idea of socially responsible investment. Incongruence with conventional investments, the SRI/sustainable investment/ethical investment is pertained to ethical, environmental and social criteria (Eccles and Viviers,2011). All investors are not single-minded for an objective of wealth creation. The welfare of society and the environment are among the other drivers of investment. In certain cases, investors do prefer sustainable development to personal financial aspects (Beal et al., 2005). The present study has primarily focused on assessing the relationship between individual investors’ attributes and their noneconomic goal in order to comprehend their socially responsible investment behaviour specifically in Indian scenario. The findings of study are useful for fund managers, regulators and researchers as study has provided useful insights regarding behaviour of Indian investors for responsible investments.
Databáze: Directory of Open Access Journals