The ethical investor: Exploring dimensions of investment behaviour

Paul Anand, Christopher Cowton

Research output: Contribution to journalArticle

48 Citations (Scopus)

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’.
LanguageEnglish
Pages377-385
JournalJournal of Economic Psychology
Volume14
Issue number2
DOIs
Publication statusPublished - 1993
Externally publishedYes

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investment behavior
Principal Component Analysis
investor
Decision Making
finance theory
decision making
evidence
Investors
Investment behavior
Investment portfolio
Factors
Finance
Principal component analysis
Decision making
Utility function
Risk and return

Cite this

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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’.",
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The ethical investor : Exploring dimensions of investment behaviour. / Anand, Paul; Cowton, Christopher.

In: Journal of Economic Psychology, Vol. 14, No. 2, 1993, p. 377-385.

Research output: Contribution to journalArticle

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AB - 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’.

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