Profiling Socially Responsible Investors: Australian Evidence

Posted: 4 Aug 2012

See all articles by Blanca Perez-Gladish

Blanca Perez-Gladish

Department of Quantitative Economics, Faculty of Economics and Business, University of Oviedo

Karen L. Benson

University of Queensland - Business School; Financial Research Network (FIRN)

Robert W. Faff

University of Queensland

Date Written: March 8, 2012

Abstract

With the aid of an online survey, the purpose of this study is to examine financial preferences; social, environmental and ethical concerns; and socio-demographic characteristics of Australian socially responsible (SR) investors. The study advances knowledge of SR investors’ profiles and their motivations when making investment decisions. Based on a sample of 145 investors, our findings suggest that SR investors seek financial return as well as non-financial benefits. Social conscience and social health issues, as opposed to environmental issues, are relevant to investors. Interestingly, investor risk tolerance is a relatively unimportant factor in the choice of SR investments. Finally, in terms of socio-demographics, SR investors tend to be middle-aged, be middle-income professionals and have tertiary qualifications.

Keywords: ethical investment, socially responsible investment (SRI), socially responsible investor’s profile

Suggested Citation

Perez-Gladish, Blanca and Benson, Karen L. and Faff, Robert W., Profiling Socially Responsible Investors: Australian Evidence (March 8, 2012). Australian Journal of Management, Vol. 37, No. 2, 2012. Available at SSRN: https://ssrn.com/abstract=2122516

Blanca Perez-Gladish

Department of Quantitative Economics, Faculty of Economics and Business, University of Oviedo ( email )

Avda. del Cristo s/n
Oviedo, Asturias 33006
Spain
+34985106292 (Phone)
+34985102806 (Fax)

Karen L. Benson

University of Queensland - Business School ( email )

Brisbane, Queensland 4072
Australia

Financial Research Network (FIRN) ( email )

C/- University of Queensland Business School
St Lucia, 4071 Brisbane
Queensland
Australia

Robert W. Faff (Contact Author)

University of Queensland ( email )

St Lucia
Brisbane, Queensland 4072
Australia

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