Academic Journal

In search of socially responsible investors: a Latent Profile Analysis

التفاصيل البيبلوغرافية
العنوان: In search of socially responsible investors: a Latent Profile Analysis
المؤلفون: Matteo Robba, Angela Sorgente, Paola Iannello
المصدر: Frontiers in Behavioral Economics, Vol 3 (2024)
بيانات النشر: Frontiers Media S.A., 2024.
سنة النشر: 2024
المجموعة: LCC:Economic theory. Demography
مصطلحات موضوعية: socially responsible investments, ESG, investment decision making, behavioral finance, Theory of Planned Behavior, values, Economic theory. Demography, HB1-3840
الوصف: IntroductionSocially responsible investments (SRI) increased their popularity among investors over the last two decades. However, there is still a lack of knowledge on socially responsible investors' characteristics and motivations behind the decision to invest in SRI. The present paper aims at filling this gap by profiling current and potential sustainable investors.MethodCross-sectional data from a representative sample of Italian consumers (N = 1,002) was used to perform a Latent Profile Analysis (LPA), a clustering technique, and identify various sub-groups within the respondents. Subsequently, chi-square test and one-way ANOVA were performed to determine which profile(s) was mostly associated with current and potential socially responsible investing.Results and discussionFive profiles of consumers were identified through the LPA, each one differently associated with the likelihood of investing in socially responsible products. The profile that best describes sustainable investors is characterized by high levels of knowledge toward SRI, risk appetite, positive attitudes on SRI, personal norms, perceived behavioral control, environmental concerns, and connectedness to nature. These findings suggest that non-financial aspects, namely psychological characteristics such as attitudes and personal values, play a key role in the decision to invest responsibly as well.
نوع الوثيقة: article
وصف الملف: electronic resource
اللغة: English
تدمد: 2813-5296
Relation: https://www.frontiersin.org/articles/10.3389/frbhe.2024.1369261/full; https://doaj.org/toc/2813-5296
DOI: 10.3389/frbhe.2024.1369261
URL الوصول: https://doaj.org/article/242dfc05da83435aa9688d4b26d2e703
رقم الانضمام: edsdoj.242dfc05da83435aa9688d4b26d2e703
قاعدة البيانات: Directory of Open Access Journals
الوصف
تدمد:28135296
DOI:10.3389/frbhe.2024.1369261