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- Andersson, Maria, 1977, et al.
(författare)
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Hållbara bonussystem : Sustainable bonus systems
- 2011
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Ingår i: Hållbar utveckling - från risk till värde / L. G. Hassel, L.-O. Larsson & E. Nore (red.). - Malmö : Studentlitteratur. - 9789144075327 ; , s. 41-49
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Bokkapitel (övrigt vetenskapligt/konstnärligt)
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| 2. |
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| 3. |
- Biel, Anders, 1948, et al.
(författare)
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The willingness to pay–willingness to accept gap revisited: The role of emotions and moral satisfaction
- 2011
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Ingår i: Journal of Economic Psychology. ; 32:6, s. 908-917
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Tidskriftsartikel (refereegranskat)abstract
- While many earlier studies have found that people’s maximum willingness to pay for having a good is often substantially lower than their minimum willingness to accept not having it, more recent experimental evidence suggests that this discrepancy vanishes for standard consumption goods when an incentive-compatible design without misconceptions is used. This paper hypothesises that there is nevertheless a discrepancy for goods with a perceived moral character, such as contributions to a good cause, and moreover that the reason for this discrepancy can largely be explained by differences in emotions and moral perceptions. The results from a real-money dichotomous-choice experiment, combined with measurements of emotions and morality, are consistent with these hypotheses
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| 4. |
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| 5. |
- Hedesström, Martin, 1969, et al.
(författare)
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Investigating consistency of judgement across sustainability analysts
- 2011
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Ingår i: Sustainable Development. - : Wiley. - 1099-1719 .- 0968-0802. ; 19:2, s. 119-134
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Tidskriftsartikel (refereegranskat)abstract
- We compare seven major European and North American sustainability analyst organizations on how they rank-order the same set of companies with regards to environmental performance. We also compare the analyst organizations’ environmental rating schemes with regards to which evaluation criteria they include. Two industries are investigated: automobile and paper/forestry. Although there is fairly broad consensus on which automobile companies have the worst environmental performance, there is considerable disagreement about best-performers. The pattern is less clear for paper/forestry companies. With some notable exceptions, and for both industries, all rating schemes contain evaluation criteria targeting those aspects of company performance associated, according to life-cycle assessments, with the largest potential environmental impact. There are, however, significant divergences as to how many, and which, criteria of medium to low relevance are applied. Sustainability analyst organizations should make explicit to investors and evaluated companies on which theoretical and empirical grounds environmental evaluation criteria are selected.
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| 6. |
- Hedesström, Martin, 1969, et al.
(författare)
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Stock investors' preferences for short-term versus long-term bonuses
- 2011
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Ingår i: Journal of Socio-Economics. ; 41, s. 137-142
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Tidskriftsartikel (refereegranskat)abstract
- Bonuses in the finance sector may be based on too short time intervals for environmental and social factors to be taken into account in investment decisions. We report two experiments to investigate whether investors prefer short-term to long-term bonuses. In Experiment 1 employing 27 undergraduates, preferences were measured for four short-term certain bonuses, evenly distributed across a time interval, and one certain long-term bonus at the end of the time interval. A majority chose the short-term bonuses, and in order for the long-term bonus to be equally preferred it had to be about 40% higher than the four added short-term bonuses. Experiment 2 employing another 36 undergraduates introduced outcome uncertainty that more accurately reflects the choices stock investors face. The participants again choose between a long-term bonus and four distributed short-term bonuses. It was shown that uncertainty made more participants prefer the long-term bonus to the added short-term bonuses than when the outcome was certain. A smaller increase of the long-term bonus of about 20% was now required to make it equally attractive as the four added short-term bonuses.
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| 7. |
- Hedesström, Ted Martin, 1969, et al.
(författare)
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Framtidsanalyser av miljöprestanda
- 2011
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Ingår i: Hållbar utveckling - från risk till värde / L. G. Hassel, L.-O. Larsson & E. Nore (red.). - 9789144075327 ; , s. 65-72
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Bokkapitel (övrigt vetenskapligt/konstnärligt)
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| 8. |
- 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. |
- Jansson, Magnus, 1970, et al.
(författare)
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Motives to engage in sustainable investment: A comparison between institutional and private investors
- 2011
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Ingår i: Sustainable Development. - : Wiley. - 0968-0802. ; 19:2, s. 135-142
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Tidskriftsartikel (refereegranskat)abstract
- The current study compares motives to invest in accordance with socially responsible criteria among different groups of investors. In total, 60 employees from 19 investment institutions, 453 private investors and 71 institutional investors participated in a questionnaire study. While socially responsible investment (SRI) among private and institutional investors was guided by self-transcendent values (environmental and social values), this was not the case among fund managers working in investment institutions. Fund managers in investment institutions were affected by beliefs about long-term returns of SRI. Private investors were, in addition, influenced by beliefs about long-term returns, whereas institutional investors were motivated by an effort to reduce financial risks. Finally, investment institutions tended to overrate the importance of financial returns among their beneficiaries (private and institutional beneficiaries) and underestimate the importance of ethical, environmental and social aspects for beneficiaries. The results indicate that private and institutional investors/beneficiaries give a wider interpretation of fiduciary duty than investment institutions do.
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