Putting your money where your mouth is: a profile of ethical investors

Article


Beal, Diana and Goyen, Michelle. 1998. "Putting your money where your mouth is: a profile of ethical investors." Financial Services Review. 7 (2), pp. 129-143.
Article Title

Putting your money where your mouth is: a profile of ethical investors

ERA Journal ID19549
Article CategoryArticle
AuthorsBeal, Diana (Author) and Goyen, Michelle (Author)
Journal TitleFinancial Services Review
Journal Citation7 (2), pp. 129-143
Number of Pages15
Year1998
Place of PublicationUnited States
ISSN1057-0810
1873-5673
Web Address (URL)http://www.rmi.gsu.edu/FSR/abstracts/vol_7_2.htm
Abstract

This research sougth to determine why people chose to invest in Earth Sanctuaries Limted (ESL), which conserves ecosystems and breeds endangered species as its corporate mission, an unequivocally ethical objective. Investors were surveyed to assess the relative importance of financial versus econlogical considerations. Demographic and investor behavior attributes of ESL shareholders were compared with those of Australian shareholders as reported by an Australian Stock Exchange survey. The results showed that the environmental mission of ESL took pre-eminence over financial considerations for these investors. Comparison of the two groups revealed significant differences in most variables.

Keywordsethical investment, conservation, financial dimension, ethical dimension, Australia
ANZSRC Field of Research 2020350208. Investment and risk management
350299. Banking, finance and investment not elsewhere classified
Public Notes

File reproduced in accordance with the copyright policy of the publisher/author.

Byline AffiliationsDepartment of Finance and Banking
Management Development and Research Centre
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