Investing for More than Just Money: The Non-Utilitarian Benefits of Investments

Q3 Economics, Econometrics and Finance

International Journal of Economic Policy in Emerging Economies Pub Date : 2023-09-20 DOI:10.47941/ijecop.1451

Celestine Gitonga Gatabi, Michael Musyoka Muema, Godfrey Oreko Nyakoi, Ibrahim Tirimba Ondabu

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Abstract

Purpose: This article aimed to identify the psychological, social, environmental and ethical benefits of investments. Methodology: A total of 82 articles that were initially picked for this study, 30 articles were however selected and critically scrutinized to yield this review article. Findings: The review findings reveal that investments can have a significant impact on investors' well-being and highlight the importance of considering these benefits in investment decision-making processes. Unique contribution to theory, practice and policy: One limitation of the existing studies is that they are often based on self-reported data, which may be subject to bias or social desirability effects. This research describes new paradigms to the additional benefits of investments, in addition to the famous monetary gains such as the psychological, social, environmental and ethical benefits. Understanding these trade-offs can help investors make more informed decisions about their investment strategies.

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投资不仅仅是为了钱:投资的非功利利益

目的:本文旨在确定投资的心理、社会、环境和伦理效益。方法:最初为本研究挑选了82篇文章，然而选择了30篇文章并对其进行了严格审查，从而产生了这篇综述文章。研究结果:研究结果表明，投资可以对投资者的福祉产生重大影响，并强调了在投资决策过程中考虑这些利益的重要性。对理论、实践和政策的独特贡献:现有研究的一个局限性是它们通常基于自我报告的数据，这些数据可能受到偏见或社会期望效应的影响。本研究描述了除了著名的金钱收益(如心理、社会、环境和道德收益)之外，投资额外收益的新范式。了解这些权衡可以帮助投资者对他们的投资策略做出更明智的决定。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Economic Policy in Emerging Economies Economics, Econometrics and Finance-Economics and Econometrics

CiteScore

1.50

自引率

0.00%

发文量