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Cited by 552Sustainable Finance and Green BondsCorporate Social Responsibility ReportingFinancial Markets and Investment Strategies

The DOI matches its Crossref record; 116 of the 120 references it cites were found in a registry or an index.

Get Real! Individuals Prefer More Sustainable Investments

Open access
Bauer, Rob, Ruof, Tobias, Smeets, Paul·2021·The Review of Financial Studies
DOI 10.1093/rfs/hhab037
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Abstract

The United Nations’ Sustainable Development Goals (SDGs) have created societal and political pressure for pension funds to address sustainable investing. We run two field surveys (n = 1,669, n = 3,186) with a pension fund that grants its members a real vote on its sustainable-investment policy. Two-thirds of participants are willing to expand the fund’s engagement with companies based on selected SDGs, even when they expect engagement to hurt financial performance. Support remains strong after the fund implements the choice. A key reason is participants’ strong social preferences.

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Show all 120 references

Research works printed but not linked: 14

  1. Anderson,, 2020, Climate fears and the demand for green investment
  2. Beshears,, 2014, Optimal illiquidity
  3. Carson,, 2006, Probabilistic influence and supplemental benefits: A field test of the two key assumptions behind using stated preferences
  4. Donkers,, 2012, Measuring and debiasing consumer pension risk attitudes
  5. 2016, European SRI Study 2016
  6. 2018, European SRI Study 2018
  7. 2020, Philanthropy Report
  8. 2018, Philanthropy Report
  9. 2018, Sustainable investing is moving mainstream
  10. 2017, From ‘why’ to ‘why not’: Sustainable investing as the new normal
  11. Simons,, 2019, Eerlijk Pensioenlabel. Beoordeling van het duurzaamheidsbeleid van tien Nederlandse pensioenfondsen – pilotstudie
  12. 2018, Report on sustainable, responsible and impact investing trends
  13. 2020, Global Pension Assets Study 2020
  14. 2016, World Values Survey Wave 6 2010–2014

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Metadata

Authors
Bauer, R., Ruof, T., & Smeets, P.
Affiliations
Maastricht University (NL)
Corresponding author
Smeets, Paul
ORCID
Venue
The Review of Financial Studies
Publisher
Oxford University Press (OUP)
Published
2021-04-19
Volume
34
Issue
8
Pages
3976-4043
ISSN
  • 0893-9454 (ISSN-L)
  • 1465-7368
DOI
10.1093/rfs/hhab037
OpenAlex
W3155804760
Cited by
552
References
120
Citations by year
2026: 90 · 2025: 118 · 2024: 120 · 2023: 99 · 2022: 58 · 2021: 35
FWCI
64.67
Type
journal article
Language
en
Open access
Licence
Locations
  • Review of Financial Studies (publishedVersion, cc-by-nc)
  • SSRN Electronic Journal (acceptedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
  • Research Publications (Maastricht University) (submittedVersion, cc-by-nc)
  • Research Publications (Maastricht University) (submittedVersion, other-oa)
Funders
  • Network for Studies on Pensions, Aging and Retirement
  • Strong
  • Nederlandse Organisatie voor Wetenschappelijk Onderzoek (016.Veni.175.019, 016.Veni, 451-16-005)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Finance › Sustainable Finance and Green Bonds
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Corporate Social Responsibility Reporting
  • Social Sciences › Economics, Econometrics and Finance › Finance › Financial Markets and Investment Strategies
Keywords
sustainable investment, pension funds, Sustainable Development Goals, shareholder engagement, social preferences, individual preferences, ESG investing

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