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Best Paper Award

Herr Daniel Brodback, M.Sc.,
wissenschaftlicher Mitarbeiter der Professur für International Financial Management, wurde am 15. September 2016 auf der CRR Conference 2017 (Corporate Responsibility Research Conference 2017) der Universität Sevilla, in Sevilla, Spanien, mit dem Best Paper Award ausgezeichnet für das Forschungspapier:
Altruism versus Egoism in Investment Decisions
Brodback, D., Guenster, N., Mezger, D. (2017)
We provide survey evidence that personal values have an impact on individual investment decisions, in particular the decision to invest socially responsible. Our findings show that there is a positive link between altruistic values and the relative importance of social responsibility. This effect is stronger when individuals believe that they can make a positive social or environmental impact with their investments, or when they feel morally obliged to invest responsibly. If altruistic individuals associate responsible investments with higher returns, it decreases their motivation to invest responsibly. Egoistic values are negatively associated with the decision to invest responsibly. Egoism only leads to an increased relative importance of social responsibility when individuals expect higher returns from holding responsible assets


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