负责任投资部门的文化价值观和跨国差异

IF 2.6 4区经济学 Q2 BUSINESS, FINANCE

International Review of Finance Pub Date : 2025-08-21 DOI:10.1111/irfi.70035

Jędrzej Białkowski, Laura T. Starks, Moritz Wagner

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引用次数: 0

摘要

鉴于各国责任投资（RI）共同基金部门的演变和规模存在巨大差异，我们研究了影响其增长的因素。我们发现，一个国家的国际扶轮基金产业的规模，无论是相对于传统基金产业的规模、股票总市值，还是相对于该国的GDP，都与该国的文化规范密切相关，如Hofstede、World Values Survey或GLOBE的维度所衡量的。以人均GDP衡量，国际扶轮基金部门也随着国家财富的增加而增加。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

Cultural values and cross-country differences in responsible investing sectors

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Cultural values and cross-country differences in responsible investing sectors

Given the large variations in the evolution and the size of the responsible investing (RI) mutual fund sectors across countries, we examine factors affecting their growth. We find that the size of a country's RI fund industry, whether measured relative to the size of the conventional fund industry, total equity market capitalization, or relative to the country's GDP, is strongly related to the country's cultural norms, as measured by dimensions from Hofstede, World Values Survey, or GLOBE. The RI fund sector also increases with the country's wealth, as measured by the GDP per capita.

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来源期刊

International Review of Finance BUSINESS, FINANCE-

CiteScore

3.30

自引率

5.90%

发文量

期刊介绍： The International Review of Finance (IRF) publishes high-quality research on all aspects of financial economics, including traditional areas such as asset pricing, corporate finance, market microstructure, financial intermediation and regulation, financial econometrics, financial engineering and risk management, as well as new areas such as markets and institutions of emerging market economies, especially those in the Asia-Pacific region. In addition, the Letters Section in IRF is a premium outlet of letter-length research in all fields of finance. The length of the articles in the Letters Section is limited to a maximum of eight journal pages.