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RCT Evaluation of Responsible Investing Preferences

Author

Listed:
  • Thomas Persson
  • Robert Taylor

Abstract

Socially responsible investing (often known as environmental, social and governance (ESG) or sustainable and responsible investing (SRI) investing) has been at the centre of recent regulatory scrutiny and academic debate. We leverage a randomized controlled trial (RCT) experiment to study environmental, social and governance and sustainable and responsible investing preferences. Our results reveal potential externalities from retail flows may affect institutional motivation for responsible investing preferences. In line with Pastor et al. (2020), this retail investor source of fragility in the demand for socially responsible investments is consistent with constraints imposed by market stress and uncertainty.

Suggested Citation

  • Thomas Persson & Robert Taylor, 2021. "RCT Evaluation of Responsible Investing Preferences," Journal of Economics and Econometrics, Economics and Econometrics Society, vol. 64(3), pages 37-68.
    • Handle: RePEc:eei:journl:v:64:y:2021:i:3:p:37-68
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    More about this item

    Keywords

    Responsible investing preferences; RCT;

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets

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