• Event

Hiroyuki Aman(Kwansei Gakuin University) , RISS Workshop, September 8, 2021.

*Presentation in Japanese

Date: September 8, 2021 14:00-15:00

Venue: Online(Zoom)

Speaker: Hiroyuki Aman(Professor,Faculty of Business and Commerce,Kwansei Gakuin University)

Title: "Personal Preference for Sustainable Investment: the Impacts of Moral and Literacy"

Abstract: We attempt to measure personal preference for sustainable investment (SI) to examine the determinants by using a questionnaire survey in Japan. Our result shows that approximately thirty percent of respondents have a favorable
preference for SI on pro-environmental firms even if the return is relatively poor. This is indicative of non-peculiar motivation of households for SI. Further, we examine the effects of personal moral and literacy on the motivation. First,
we find that persons who have a high financial moral (strong aversion to money) have a positive attitude to SI. Second, high environmental moral tends to reduce the preference for SI, inconsistent with our prediction. Third, we find no evidence on the impact of environmental literacy. Finally, persons with high financial literacy tend to attach importance to the profitability of SI.