Eco-Anxiety, Connectedness to Nature & Green Equity Investments

Fabrice Herve and Sylvain Marsat ()
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Sylvain Marsat: CleRMa - Clermont Recherche Management - ESC Clermont-Ferrand - École Supérieure de Commerce (ESC) - Clermont-Ferrand - UCA - Université Clermont Auvergne

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Abstract: Drawing on a survey of 671 French individual investors, we document for the first time the connection between emotions towards the environment and investment in green funds. Both eco-anxiety and connectedness to nature have a significant impact on deciding to invest in green funds, but, interestingly, do not exert any influence on the amount invested. Hence, investing in green funds seems to be a way to buy a good conscience towards the environment, but the good deed ends there since the amount itself is not linked to environmentally related emotions.

Keywords: Green Investment; Green Funds; Eco-anxiety; Connectedness to nature; Emotions; Behavioral Finance (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-ban, nep-env, nep-hme, nep-inv and nep-mac
Note: View the original document on HAL open archive server: https://ube.hal.science/hal-04150758v1
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Published in Economics Bulletin, 2023

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04150758

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