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- Jansson, Magnus, 1970, et al.
(författare)
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Investment institutions' beliefs about and attitudes toward Socially Responsible Investment (SRI): A comparison between SRI and Non-SRI management
- 2014
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Ingår i: Sustainable Development. - : Wiley. - 0968-0802 .- 1099-1719. ; 22:1, s. 33-41
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Tidskriftsartikel (refereegranskat)abstract
- This paper investigates psychological drivers and financial motives that may influence major Swedish investments institutions to adopt socially responsible investment (SRI). Based on an instrument that captures concepts in the Value-Belief-Norm theory, and potential financial beliefs that may influence the SRI intentions of investors, a survey was addressed to all major Swedish investments institutions. Fifty-eight respondents from 17 different investment institutions participated in the survey of whom 31 were conventional (non-SRI) investors and 27 were socially responsible investors. Our results show that conventional and SRI investors share similar beliefs about short-term and long-term performance on SRI investments in that SRI gives less return in the short term but slightly more than conventional investments in the longer term. However, SRI investors express significantly more interest in increasing their future SRI investments than conventional investors do. We discover that future SRI is not influenced by social and environmental concerns. Rather, financial beliefs about risk and beliefs about increased market shares drive SRI forward. The business case for SRI seems therefore to be the only reason for major investment institutions to adopt SRI. © 2011 John Wiley & Sons, Ltd and ERP Environment.
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| 5. |
- Gärling, Tommy, 1941, et al.
(författare)
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An experimental study of influences of performance-related payments on timing of delegated stock purchases
- 2017
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Ingår i: Journal of Behavioral Finance. - : Informa UK Limited. - 1542-7560 .- 1542-7579. ; 18:1, s. 78-85
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Tidskriftsartikel (refereegranskat)abstract
- Performance-related bonuses are important tools for investment organizations to incentivize stock traders. Yet, two experiments indicate that bonuses rewarding short-term performance may lead to worse timing of purchases. We propose that hyperbolic time discounting make participants set lower aspired purchase prices for short-term (decreasing percentage) bonuses than long-term (increasing percentage) bonuses. For this reason purchases are made earlier for decreasing than increasing percentage bonuses, earlier for decreasing than random prices, and earlier for high than low price volatility. Neither purchases at lowest price or highest bonus are attained. Hyperbolic time discounting may account for bubbles observed in experimental double-auction markets.
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| 6. |
- Hedesström, Martin, 1969, et al.
(författare)
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Effects of bonuses on diversification in delegated stock portfolio management
- 2015
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Ingår i: Journal of Behavioral and Experimental Finance. - : Elsevier BV. - 2214-6350. ; 7:September, s. 60-70
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Tidskriftsartikel (refereegranskat)abstract
- Our aim is to investigate whether bonuses make stock portfolio managers take higher risks by diversifying less. In two experiments with undergraduates role-playing being professional investors, we test a model implying that they initially anchor on 100% allocation to one of two options delivering the largest bonus payout, then adjust towards allocating equally much to each option (maximal diversification) depending on the degree of perceived uncertainty of the bonus outcome. In Experiment 1 we find as expected that when the bonus is reduced, investment in the preferred option decreases such that diversification increases. Diversification is larger when uncertainty of the bonus outcome is made salient. In Experiment 2weshow that a majority herd strengthens the effect of a bonus for investing in a preferred option despite salient uncertainty of the bonus outcome. In actual stock markets such herding effects would result from investors being similarly rewarded by bonuses.
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| 7. |
- Jansson, Magnus, 1970, et al.
(författare)
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Investment style and perceived drivers of adoption of socially responsible investment among Swedish institutional investors
- 2011
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Ingår i: The Journal of Investing. - : Pageant Media US. - 1068-0896 .- 2168-8613. ; 20:3, s. 118-123
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Tidskriftsartikel (refereegranskat)abstract
- A survey was conducted to investigate investment style and drivers of socially responsible investment (SRI) among institutional investors. Respondents were 60 professionals working as SRI or non-SRI investors in 19 different Swedish banks, pension funds, or mutual fund companies. The results showed that non-SRI investors perceived market regulations to be a strong driver of SRI, while SRI investors perceived others’ behavior to be a strong driver. No differences were found between SRI and non-SRI investors with respect to short-term versus long-term or active versus passive investment styles.
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| 9. |
- Andersson, David, 1979, et al.
(författare)
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DN Debatt: LRF och Svenskt flyg svarar inte om klimatmålen
- 2015
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Ingår i: Dagens Nyheter. - 1101-2447.
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Tidskriftsartikel (populärvet., debatt m.m.)abstract
- Sammantaget ser vi inget i motdebattörernas argument som talar emot att införa styrmedel, till exempel konsumtionsskatter, inom dessa områden där inga stora tekniska lösningar finns i sikte, skriver 14 miljö- och energiforskare i slutrepliken till sin text om flyg- och köttskatt (26/2).
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| 10. |
- Andersson, David, 1979, et al.
(författare)
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Nu krävs kraftfulla åtgärder mot nötkött och flygresor
- 2015
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Ingår i: Dagens Nyheter. - 1101-2447. ; 2015-02-27
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Tidskriftsartikel (övrigt vetenskapligt/konstnärligt)abstract
- Svenskarnas globala utsläpp från köttkonsumtion och flygresor motsvarar hälften av de totala utsläppen på hemmaplan. I vår rapport till Naturvårdsverket föreslår vi tydliga styrmedel – som nya skatter – för att begränsa konsumtionen på dessa områden, skriver 14 miljö- och energiforskare.
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