Socially Responsible Investing: the green attitudes and grey choices of Australian investors

No Thumbnail Available
File version
Author(s)
Vyvyan, Victoria
Ng, Chew
Brimble, Mark
Griffith University Author(s)
Primary Supervisor
Other Supervisors
Editor(s)

Prof Chrisine Mallin

Date
2007
Size
File type(s)
Location
License
Abstract

This Australian study seeks to better understand the disparity between the positive attitudes towards Socially Responsible Investing (SRI) and the level of investment in SRI, by examining both the attitudes to SRI and the investment choices that are made. It is hypothesised that those who are more committed to principles of environmental sustainability are more likely to invest in SRI. To test this, 318 people from two large Queensland organisations are surveyed in relation to their investment attitudes and preferences. We find that there are significant differences in investment attitudes with environmentalists placing more importance on SRI investment criteria. However, there was no significant difference between environmentalists and non-environmentalists in terms of utility scores from an investment selection experiment with the environmentalists placing higher importance on financial performance criteria than SRI criteria, making choices similar to those with the lowest level of environmental activism. Furthermore, the observed lack of congruency between attitudes and choices in relation to environmental criteria may have implications for the growth of SRI funds.

Journal Title

Corporate Governance: An International Review

Conference Title
Book Title
Edition

Mar-07

Volume

15

Issue

2

Thesis Type
Degree Program
School
Patent number
Funder(s)
Grant identifier(s)
Rights Statement
Rights Statement
Item Access Status
Note
Access the data
Related item(s)
Subject

Commerce, management, tourism and services

Law and legal studies

Persistent link to this record
Citation