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“Household Preferences for Socially Responsible Investments"

Author

Listed:
  • Mariacristina Rossi

    (University of Turin and CeRP-Collegio Carlo Alberto)

  • Dario Sansone

    (Georgetown University)

  • Arthur van Soest

    (Tilburg University and Netspar)

  • Costanza Torricelli

    (University of Modena and Reggio Emilia and CeRP-Collegio Carlo Alberto)

Abstract

We analyze revealed and stated household preferences for socially responsible investments (SRI). Using a questionnaire specifically designed for this purpose and administered to a Dutch representative household panel, we investigate the actual and latent demand for SRI products. Respondents reported whether they owned SRI products and why or why not, but also answered stated choice questions on traditional investments and hypothetical socially responsible products with an explicit return penalty and/or an in-kind compensation associated with lower return. Our results show that investors attracted by socially responsible financial products are more interested in the social product as such and show little interest in compensation. The magnitude of the penalty for investing in SRI is not diluting their investment intentions.

Suggested Citation

  • Mariacristina Rossi & Dario Sansone & Arthur van Soest & Costanza Torricelli, 2018. "“Household Preferences for Socially Responsible Investments"," CeRP Working Papers 177, Center for Research on Pensions and Welfare Policies, Turin (Italy).
    • Handle: RePEc:crp:wpaper:177
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    File URL: http://www.cerp.carloalberto.org/household-preferences-socially-responsible-investments/
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    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • M30 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - General

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