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Environmental-Social-Governance Preferences and Investments in Crypto-Assets (Pavel Ciaian, Andrej Cupak, Pirmin Fessler, d’Artis Kancs)

Pavel Ciaian, Andrej Cupak (), Pirmin Fessler () and d'Artis Kancs
Additional contact information
Andrej Cupak: LIS Cross-National Data Center, http://www.lisdatacenter.org/

Working Papers from Oesterreichische Nationalbank (Austrian Central Bank)

Abstract: The purpose of this study is to contribute to our understanding of the relationship of environmental and social attitudes of investors and their investment into cryptoassets compared to traditional assets. Given the controversies over the environmental footprint of some crypto-asset classes, primarily due to energy-intensive mining, they present an intriguing subject for investigation. Leveraging a unique household finance survey representative of the Austrian population, we examine whether environmental and social attitudes can elucidate the variance in individual portfolio exposure to crypto-assets. Results indicate a robust link between investors’ environmental and social attitudes and their exposure to crypto-investments, yet no significant association was found with traditional asset benchmarks like bonds and shares. [This is a corrected version of the original version published on July 22, 2022]

Keywords: crypto-assets; investment portfolio; financial behaviour; financial literacy; environmental-social-governance preferences (search for similar items in EconPapers)
JEL-codes: D14 G11 G41 (search for similar items in EconPapers)
Pages: 46
Date: 2022-07-19
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Related works:
Working Paper: Environmental-Social-Governance Preferences and Investments in Crypto-Assets (2022) Downloads
Working Paper: Environmental-Social-Governance Preferences and the Holding of Crypto-Assets (2022) Downloads
Working Paper: Environmental and Social Preferences and Investments in Crypto-Assets (2022) Downloads
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