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Socially Responsibl...
Socially Responsible Investments Among Parents and Adult Children
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- Hellström, Jörgen (author)
- Umeå universitet,Företagsekonomi
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- Lapanan, Nicha, 1987- (author)
- Umeå universitet,Företagsekonomi
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- Olsson, Rickard (author)
- Umeå universitet,Företagsekonomi
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(creator_code:org_t)
- Elsevier, 2020
- 2020
- English.
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In: European Economic Review. - : Elsevier. - 0014-2921 .- 1873-572X. ; 121
- Related links:
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https://urn.kb.se/re...
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https://doi.org/10.1...
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Abstract
Subject headings
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- Novel evidence is provided of a positive correlation between parents’ and their children's socially responsible mutual fund investment behavior. Although captured parent-child correlations reflect contemporary relationships, they reveal potentially important insight into the origin of heterogeneity in individuals’ prosocial behavior. Consistent with research on socialization, the results suggest an influence from both parents, stronger for mothers, and reinforced for parents both investing in socially responsible mutual funds. Parental resources during an individual's adolescence (financial and parental life experience) are further found to significantly explain individuals’ adult prosocial investment behavior. The results are robust to conditioning on a number of alternative explanations.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Företagsekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Business Administration (hsv//eng)
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Keyword
- Social responsible investment
- intergenerational
- socialization
- mutual funds
- företagsekonomi
- Business Studies
Publication and Content Type
- ref (subject category)
- art (subject category)
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