THE ETHICAL INVESTOR - EXPLORING DIMENSIONS OF INVESTMENT BEHAVIOR

被引:47
作者
ANAND, P [1 ]
COWTON, CJ [1 ]
机构
[1] UNIV OXFORD,TEMPLETON COLL,OXFORD OX1 5NY,ENGLAND
基金
英国经济与社会研究理事会;
关键词
D O I
10.1016/0167-4870(93)90007-8
中图分类号
F [经济];
学科分类号
02 ;
摘要
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'.
引用
收藏
页码:377 / 385
页数:9
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