In addition to the classical risk-return approach in investment, there is an increasing awareness of integrating sustainable development goals (SDGs) as a new dimension to value creation. However, limited research has been conducted, offering mixed results. Therefore, we examined investor preferences for investment funds that contribute to achieving the SDGs of clean water and sanitation. We used a choice experiment to analyze the funds' value for U.S. investors, adopting a survey approach based on 581 actual observations from October to December 2022. The findings reveal that investors show stronger preferences for portfolios that contribute to the development goals; they are willing to forgo returns when investments contain SDGs or are provided by sustainable banks. These findings have implications for investors and fund managers.

Investors' preferences for sustainable investments: Evidence from the U.S. using an experimental approach

Harasheh, Murad
Membro del Collaboration Group
;
2023

Abstract

In addition to the classical risk-return approach in investment, there is an increasing awareness of integrating sustainable development goals (SDGs) as a new dimension to value creation. However, limited research has been conducted, offering mixed results. Therefore, we examined investor preferences for investment funds that contribute to achieving the SDGs of clean water and sanitation. We used a choice experiment to analyze the funds' value for U.S. investors, adopting a survey approach based on 581 actual observations from October to December 2022. The findings reveal that investors show stronger preferences for portfolios that contribute to the development goals; they are willing to forgo returns when investments contain SDGs or are provided by sustainable banks. These findings have implications for investors and fund managers.
2023
Harasheh, Murad; Bouteska, Ahmed; Manita, Riadh
File in questo prodotto:
File Dimensione Formato  
Investors'_preferences.pdf

embargo fino al 02/11/2025

Tipo: Postprint
Licenza: Licenza per Accesso Aperto. Creative Commons Attribuzione - Non commerciale - Non opere derivate (CCBYNCND)
Dimensione 492.87 kB
Formato Adobe PDF
492.87 kB Adobe PDF   Visualizza/Apri   Contatta l'autore

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11585/947762
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 0
  • ???jsp.display-item.citation.isi??? 0
social impact