Publication: Wealthy Private Investors and Socially Responsible Investing: The Influence of Reference Groups
Wealthy Private Investors and Socially Responsible Investing: The Influence of Reference Groups
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Risi, D., Paetzold, F., & Kellers, A. (2021). Wealthy Private Investors and Socially Responsible Investing: The Influence of Reference Groups. Sustainability, 13(22), 12931. https://doi.org/10.3390/su132212931
Abstract
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Sustainable development requires a shift from traditionally invested assets to socially responsible investing (SRI), bringing together financial profits and social welfare. Private high-net-worth individuals (HNWIs) are critical for this shift as they control nearly half of global wealth. While we know little about HNWIs’ investment behavior, reference group theory suggests that their SRI engagement is influenced by their identification with and comparison to reference groups. We thus ask: how do reference groups influence the investm
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- Risi, David
- Paetzold, Falko
- Kellers, Anne
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Risi, D., Paetzold, F., & Kellers, A. (2021). Wealthy Private Investors and Socially Responsible Investing: The Influence of Reference Groups. Sustainability, 13(22), 12931. https://doi.org/10.3390/su132212931
