Abstract
Finance theory conventionally focuses on risk and return as the factors relevant to the construction of investment portfolios. But there is evidence of a growing number of investors who wish to incorporate moral or social concerns in their decision-making. Using principal components analysis, this paper attempts to infer possible ‘non-financial’ dimensions of utility functions by considering the preferences of 125 ‘ethical investors’.
| Original language | English |
|---|---|
| Pages (from-to) | 377-385 |
| Journal | Journal of Economic Psychology |
| Volume | 14 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 1993 |
| Externally published | Yes |