Psychological characteristics of potential SRI investors and its motivation in Japan: an experimental approach

Miwa Nakai, Tomonori Honda, Nariaki Nishino, Kenji Takeuchi

研究成果: Article査読

3 被引用数 (Scopus)

抄録

This paper aims to identify psychological characteristics of potential investors of socially responsible investment (SRI) in Japan to explain its possible motivation by economic experiments. We asked subjects to make decisions regarding stock investments on the basis of three attributes of return, variance, and corporate social responsibility (CSR). We also conducted a dictator game and two lottery-choice experiments to measure subjects’ psychological characteristics: altruism, risk aversion, and time discount rate. Applying a conditional logit model as well as mixed logit model, we found that people who have a higher time discount rate tend to be SRI investors.

本文言語English
ページ(範囲)349-367
ページ数19
ジャーナルJournal of Sustainable Finance and Investment
8
4
DOI
出版ステータスPublished - 2018 10 2

ASJC Scopus subject areas

  • 財務
  • 経済学、計量経済学および金融学(その他)
  • ビジネスおよび国際経営

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