Examining pension beneficiaries’ willingness to pay for a socially responsible and impact investment portfolio: A case study in the Dutch healthcare sector

Apostolakis, George; Kraanen, Frido; Dijk, G. van

doi:10.1016/j.jbef.2016.06.001

Cited by 39 publications

(25 citation statements)

References 70 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…In line with previous analyses on SRI (e.g. Williams, 2007;Pérez-Gladish et al, 2012) and analyses on preferences of pension fund participants (Borgers and Pownall, 2014;Apostolakis et al, 2016), we find that the explanatory power of the effects in our analysis is limited. This suggests that the literature on SRI in general and sustainable pension fund investments in particular are still in dire need of further development.…”

Section: Conclusion and Policy Recommendationssupporting

confidence: 88%

“…Research on preferences for SRI of pension fund members is still very limited and mostly of recent date. Surveys show that the vast majority (up to three quarters) of the Dutch pension fund participants are willing to pay a higher premium or to forego pension income for the realization of these non-financial preferences (Erbé, 2008;Motivaction, 2012;Borgers and Pownall, 2014;I&O Research, 2015;Apostolakis et al, 2016). Apostolakis et al (2018) find that beneficiaries' attitudes and social norms impact on their willingness to adopt socially responsible portfolios, but that this also depends on consumer confidence and perceived effectiveness.…”

Section: Behavioral Financementioning

confidence: 99%

“…We consulted existing studies on the preferences of Dutch pension fund members and their willingness to pay for sustainable investments (Erbé, 2008;Rietjens, 2011;Motivaction, 2012;Borgers and Pownall, 2014;I&O Research, 2015;|Apostolakis et al, 2016|Apostolakis et al, , 2018 to develop measurement of participants' willingness to pay. Due to our research aim of analyzing pension investments preferences, we restricted our sample to respondents aged 40 and older (5,034 respondents of the LISS panel) and that are pension fund participants.…”

Section: Datamentioning

confidence: 99%

See 2 more Smart Citations

Value matters or values matter? An analysis of heterogeneity in preferences for sustainable investments

Delsen

Lehr

2019

Journal of Sustainable Finance & Investment

View full text Add to dashboard Cite

Pension fund investments have a substantial influence on sustainability. We analyze preferences for sustainable investment among a representative cross-section of 2486 pension fund participants in the Netherlands, through a questionnaire survey fielded in the LISS panel. In contrast to standard investment theory, we find that sustainable investments are commonly favored, even if they harm financial interests. To explain variation among participants' preferences for sustainable investments, we test socio-demographic factors suggested by dominant neoclassical investment and behavioral finance theories. Moreover, we add to the existing literature by developing an alternative cultural-theoretical explanation that stresses the role of value orientations. We estimate linear and generalized ordered logit regression models, and find little support for neoclassical and behavioral finance theories, but substantial support for the importance of value orientations. Given established patterns of value-change, this finding suggests that a further increase in the demand for sustainable investments across developed economies is a likely scenario.

show abstract

Section: Conclusion and Policy Recommendationssupporting

confidence: 88%

Section: Behavioral Financementioning

confidence: 99%

Section: Datamentioning

confidence: 99%

See 1 more Smart Citation

Value matters or values matter? An analysis of heterogeneity in preferences for sustainable investments

Delsen

Lehr

2019

Journal of Sustainable Finance & Investment

View full text Add to dashboard Cite

show abstract

“…If they do not, it might be the case that SRI investors have a willingness-topay Apostolakis et al, 2016), are less return orientated (Wins and Zwergel 2016) or are less focused on the maximisation of wealth (Rivoli, 1995). However, pursuing investment objectives apart from risk and return debilitates the neoclassical view of the stakeholder's utility functions (Rivoli, 1995).…”

Section: Competitiveness Of Sri Investmentsmentioning

confidence: 99%

Is Socially Responsible Investing (SRI) in Stocks a Competitive Capital Investment? A Comparative Analysis Based on the Performance of Sustainable Stocks

Blankenberg

Gottschalk

2018

SSRN Journal

View full text Add to dashboard Cite

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in

show abstract

“…Population aging proposes a severe challenge of Chinese endowment security system. Handling the contradiction between rigid growth of endowment security level and economic development cycle fluctuations well has become an important challenge for China to deal with in the development [1]. In our country, in the elder population that has exceeded 200 million, there are more than 60% living in rural areas.…”

Section: Introductionmentioning

confidence: 99%

Rural Residents' Endowment Willingness and Its Influencing Factors in Jilin Province

Li¹

2016

Proceedings of the 2016 4th International Conference on Management Science, Education Technology, Arts, Social Science and Econ

View full text Add to dashboard Cite

Abstract. The progress of human civilization, the development of economy, the improvement of medical technology and the follow-up effect of the family planning policy lead to the gradual increase of the endowment pressure in our country. In this paper, through the investigation of rural residents in three cities of Jilin Province in the form of a questionnaire, the current situation of their endowment willingness will be analyzed. In order to have a more thorough understanding of the influencing factors of the rural residents' endowment willingness choices, this paper adopts the binary logistic regression analysis, starting from the individual characteristics, family structure, social characteristics and so on, studies on the influences of these factors on their endowment willingness. Logistic model showed that gender and family structure have no significant influence on rural residents' endowment willingness; while age has significant effect on rural residents choosing government-endowment and self-endowment; in addition, profession also has very significant effect on the choice of self-endowment.

show abstract

Examining pension beneficiaries’ willingness to pay for a socially responsible and impact investment portfolio: A case study in the Dutch healthcare sector

Cited by 39 publications

References 70 publications

Value matters or values matter? An analysis of heterogeneity in preferences for sustainable investments

Value matters or values matter? An analysis of heterogeneity in preferences for sustainable investments

Is Socially Responsible Investing (SRI) in Stocks a Competitive Capital Investment? A Comparative Analysis Based on the Performance of Sustainable Stocks

Rural Residents' Endowment Willingness and Its Influencing Factors in Jilin Province

Contact Info

Product

Resources

About