- Published
- 2021-04-12
- Venue
- Review of Financial Studies, vol. 34, no. 8, pp. 3976-4043
- Cited by
- 550
- Open access
- Yes, hybrid
- DOI
- 10.1093/rfs/hhab037
Abstract
The United Nations’ Sustainable Development Goals (SDGs) have created societal and political pressure for pension funds to address sustainable investing. We run two field surveys (n = 1,669, n = 3,186) with a pension fund that grants its members a real vote on its sustainable-investment policy. Two-thirds of participants are willing to expand the fund’s engagement with companies based on selected SDGs, even when they expect engagement to hurt financial performance. Support remains strong after the fund implements the choice. A key reason is participants’ strong social preferences.
Cite this paper
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- APA 7
Bauer, R. M. M. J., Ruof, T., & Smeets, P. (2021). Get Real! Individuals Prefer More Sustainable Investments. Review of Financial Studies, 34(8), 3976–4043. https://doi.org/10.1093/rfs/hhab037
- MLA 9
Bauer, Rob M. M. J., et al. "Get Real! Individuals Prefer More Sustainable Investments." Review of Financial Studies, vol. 34, no. 8, 2021, pp. 3976–4043, https://doi.org/10.1093/rfs/hhab037.
- Chicago
Bauer, Rob M. M. J., Tobias Ruof, and Paul Smeets. "Get Real! Individuals Prefer More Sustainable Investments." Review of Financial Studies 34, no. 8 (2021): 3976–4043. https://doi.org/10.1093/rfs/hhab037.
- GOST
Bauer R. M. M. J., Ruof T., Smeets P. Get Real! Individuals Prefer More Sustainable Investments // Review of Financial Studies. — 2021. — Vol. 34, № 8. — P. 3976–4043. — URL: https://doi.org/10.1093/rfs/hhab037
- BibTeX
@article{bauer2021real, title = {{Get Real! Individuals Prefer More Sustainable Investments}}, author = {Rob M. M. J. Bauer and Tobias Ruof and Paul Smeets}, journal = {Review of Financial Studies}, year = {2021}, volume = {34}, number = {8}, pages = {3976--4043}, doi = {10.1093/rfs/hhab037}, url = {https://doi.org/10.1093/rfs/hhab037} }- RIS
TY - JOUR AU - Bauer, Rob M. M. J. AU - Ruof, Tobias AU - Smeets, Paul TI - Get Real! Individuals Prefer More Sustainable Investments JO - Review of Financial Studies VL - 34 IS - 8 SP - 3976 EP - 4043 PY - 2021 DA - 2021/04/12 DO - 10.1093/rfs/hhab037 UR - https://doi.org/10.1093/rfs/hhab037 ER -