Commitment to the ESG investing and Individual Mutual Fund Investors’ Preference: Evidence from Stated Choice Experiments

Hongyu Xiang

Journal of Applied Finance & Banking, 2024, vol. 14, issue 2, 6

Abstract: Using stated choice experiments, this paper tests the causal effect of mutual funds’ commitment to the ESG investing by signing the UNPRI on individual investors’ preference for mutual funds. I find that signing the UNPRI will make mutual funds more attractive to investors. The estimated WTP is approximately 4% in terms of the annual management fees, both statistically and economically significant. The effect of signing the UNPRI on investor preference is not significantly different among investors with different sex, income, risk attitude, and mutual fund investment experience. However, it is larger among the older investors than the younger.  JEL classification numbers: G20, G50.

Keywords: UNPRI; Choice Experiment; ESG. (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.scienpress.com/Upload/JAFB%2fVol%2014_2_6.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spt:apfiba:v:14:y:2024:i:2:f:14_2_6

Access Statistics for this article

More articles in Journal of Applied Finance & Banking from SCIENPRESS Ltd
Bibliographic data for series maintained by Eleftherios Spyromitros-Xioufis ().