从冲击到战略：逆境经历与环境、社会和治理投资

IF 8.4 2区环境科学与生态学 Q1 ENVIRONMENTAL SCIENCES

Journal of Environmental Management Pub Date : 2025-07-06 DOI:10.1016/j.jenvman.2025.126323

Xiao Jia , Yuki Yamamoto , Ken’ichi Matsumoto

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引用次数: 0

摘要

本研究调查了个人的个人经历与他们在环境、社会和治理（ESG）投资方面的决策之间的关系。我们对日本47个县的10,000名代表性受访者进行了配额抽样调查，并分析了ESG投资决策的广泛和密集边际，以及投资者放弃财务回报的意愿。利用从2024年12月进行的一项在线调查中获取的数据，我们通过回归分析表明，与ESG组成部分相关的个人经历——尤其是与环境(E)问题相关的个人经历——与ESG投资的可能性显著相关。值得注意的是，只有与电子相关的经历才会导致更高的ESG产品组合份额和更大的牺牲财务回报的意愿。我们还揭示了投资者群体之间的异质性。

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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From shock to strategy: Adversity experiences and Environmental, Social, and Governance investment

This study investigates the association between individuals’ personal experiences and their decisions regarding Environmental, Social, and Governance (ESG) investments. We surveyed 10,000 representative respondents living in 47 prefectures of Japan using quota sampling and analyzed both the extensive and intensive margins of ESG investment decisions, as well as investors’ willingness to forgo financial returns. Using data retrieved from an online survey conducted in December 2024, we show via regression analyses that personal experiences linked to ESG component – especially those related to environmental (E) issues – are significantly associated with an increased likelihood of ESG investment. Notably, only E-related experiences are responsible for a higher portfolio share of ESG products and a greater willingness to sacrifice financial returns. We also reveal heterogeneity across investor groups.

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来源期刊

Journal of Environmental Management 环境科学-环境科学

CiteScore

13.70

自引率

5.70%

发文量

2477

审稿时长

84 days

期刊介绍： The Journal of Environmental Management is a journal for the publication of peer reviewed, original research for all aspects of management and the managed use of the environment, both natural and man-made.Critical review articles are also welcome; submission of these is strongly encouraged.