A model of green investment decision making for societal well-being

Chan, Kar Hoong; Chong, Lee Lee; Ng, Tuan Hock

doi:10.1016/j.heliyon.2022.e10024

Cited by 10 publications

(4 citation statements)

References 29 publications

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“…The assessment of Generation Z investment patterns often falls under the concepts of finance and psychology. Researchers' have conducted surveys of students, and their research shows that the more information young people have, the more responsible their decisions are, which is why it is important to understand their attitudes towards investing and to nurture them, which is in line with other studies [9,14,19,21,34].…”

Section: Discussionmentioning

confidence: 56%

“…Hence, it is clearly seen that Generation Z sympathises with a sustainable world, and this notion was confirmed by many other studies [16,20,21,42]; the rational basis to choose faster profit is also very strong, as other authors noticed [36,37]. However, it should be remembered that the more Generation Z knows about environmental economics and improves their sustainability and financial literacy, the more they are responsible consumers and investors [9,14,19,21,34].…”

Section: Resultsmentioning

confidence: 66%

“…Trust has become the key component to ensure sustainable capital among green initiative companies. Promoting trust among investors, personal attitude, subjective norm, and perceived behavioural control found positive influence on trust in green financial products [34]. Other authors argued that the success of green investments as a new hybrid practice is impacted by the state's approach and its legal situation.…”

Section: Green Investing-concept Investor Behaviour Sentiment and Inf...mentioning

confidence: 99%

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Exploring Generation Z’s Investment Patterns and Attitudes towards Greenness

Pašiušienė,

Podviezko,

Malakaitė

et al. 2023

Sustainability

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Financial technology is quickly developing, making the financial industry more accessible and encouraging individual investor engagement in the investing process. Generation Z, characterised by a high level of digital literacy, curiosity, and receptivity to innovation, tends to very quickly make decisions and rapidly consume. Since 2007, there has been an increase in the number of articles analysing investor behaviour, drawing on insights from financial and psychological theories. The purpose of this exploratory study is to categorise the behaviour of students surveyed by the type of their investments, while at the same time assessing their willingness to choose green investments. The survey used in the analysis not only aims at collecting data but also educates students on the importance of critical self-awareness and the identification of their emotions to make rational, responsible investment decisions and, at the same time, to form a responsible investor who understands that investing is not only a way to earn a return but also can make a positive impact on the world when green investments are chosen. This study shows that studying students tend to be very rational and interested in contributing to greening the world; however, they are still hesitant to put their theoretical skills into practise and are more likely to provide theoretical support for green investments rather than actually invest. Respondents are grouped according to their potential investment behaviour. The proportions of groups are assessed using statistical inference with a precision of 95% that allowed to propose the method of deriving confidence intervals for each group estimation and, thus, making estimates both reliable and available as statistical estimations.

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Section: Discussionmentioning

confidence: 56%

Section: Resultsmentioning

confidence: 66%

Section: Green Investing-concept Investor Behaviour Sentiment and Inf...mentioning

confidence: 99%

See 1 more Smart Citation

Exploring Generation Z’s Investment Patterns and Attitudes towards Greenness

Pašiušienė,

Podviezko,

Malakaitė

et al. 2023

Sustainability

View full text Add to dashboard Cite

show abstract

“…Chan et al (2022) studied the critical factors influencing green investment decision-making. The significant findings revealed that investment profit, guarantee, and financial motivational factors are among the most critical influencing elements to promote sustainable investment.Li еt аl.…”

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confidence: 99%

Does Green Energy Investment Effects on Islamic and Conventional Stock Markets? New Evidence from Advanced Economies

Avazkhodjaev,

Dhiensiri,

Mukhamedov

2024

IJEEP

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This study investigates the long-run and short-run nexus between renewable energy investment, and Islamic and conventional stock markets in advanced economies, namely the United States, United Kingdom, and European Union over the period from January 1, 2002 to August 1, 2023. The study uses the Nonlinear Autoregressive Distributed Lag (NARDL) model to examine the long-run and short-run asymmetric effects between selected variables under study. The results of empirical model estimation suggested that the green energy investment adjustment is running towards the long- and short-run steady increment regarding positive and negative shocks in conventional and Islamic stock markets. Indeed, the shocks of the green energy investment on conventional stock markets of the US and EU are positively asymmetric in the long run; the UK has an insignificant effect in the long run. Importantly, green energy investment positively has significant effects on conventional and Islamic stock markets in the US. UK and EU (except the conventional stock market of the US). The short-run coefficients of green energy investment have a significant positive effect on Islamic stock markets for the selected U.S, UK, and EU markets. Likewise, the EU conventional stock market has a significant positive effect in the short run. Change in green energy investment has a negatively insignificant impact on Islamic and conventional markets of the EU and the UK. Indeed, short-run coefficients of green energy investment negatively on the U.S. conventional stock market. The increase in green energy investment may result in an increase in the cost of energy generation, which reduces the renewable energy production firm’s profitability and finally decreases the stock market prices in the short run. These findings have important implications for the portfolio diversification and hedging decisions of environmentally concerned investors. In sum, investors should consider the presence of extreme tail dependence between green investments and stock markets an important factor in making more informed and rational choices.

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Investing in our planet: Examining retail investors' preference for green bond investment

Azad,

Tulasi Devi,

Mishra

2024

Bus Strat Env

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The green bond has emerged as an important financial instrument to advance environmentally friendly projects. While institutional investors have shown ample interest in green bonds, retail investors have lagged in their adoption. This study intends to examine the determinants of retail investors' attitude and intention toward green bond investment, utilizing the theory of planned behavior as the fundamental model and incorporating several context‐specific factors. Data from 506 Indian retail investors, representing the majority of Indian states and union territories (UTs), were collected through multi‐stage stratified random sampling. The PLS‐SEM method, coupled with artificial neural network (ANN) analysis and fuzzy set qualitative comparative analysis (fsQCA), was employed to test the hypothesized relationships, ensure the robustness of outcomes, and derive important practical insights. The findings suggest that intrinsic factors (perceived behavioral control and attitude) are superior predictors of investors' behavioral intentions relative to external factors (government policy support and social influence). Further, for green bonds to receive favorable evaluations from investors, they should display adequate financial cum environmental performance. Investors' attitude is significantly influenced by issuers' ratings and their willingness to pay premiums. Environmental concerns and perceived risk also influence investors' attitude toward green bonds, albeit with relatively lower strength. This study holds significance as it offers crucial implications for researchers, market participants, policymakers, and regulators involved in the development of the green bond market.

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A model of green investment decision making for societal well-being

Cited by 10 publications

References 29 publications

Exploring Generation Z’s Investment Patterns and Attitudes towards Greenness

Exploring Generation Z’s Investment Patterns and Attitudes towards Greenness

Does Green Energy Investment Effects on Islamic and Conventional Stock Markets? New Evidence from Advanced Economies

Investing in our planet: Examining retail investors' preference for green bond investment

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