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A three-level analysis of values related to socially responsible retirement investments
University of Borås, Faculty of Textiles, Engineering and Business. School of Business Economics and Law, Centre for Consumer Research, University of Gothenburg, Goteborg, Sweden; Gothenburg School of Business, Economics and Law, Gothenburg Research Institue, Gothenburg, Sweden.ORCID iD: 0000-0003-1566-4478
Gothenburg School of Business, Economics and Law, Gothenburg Research Institue, Gothenburg, Sweden.
Department of Psychology, University of Gothenburg, Göteborg, Sweden.
2022 (English)In: Journal of Sustainable Finance & Investment, ISSN 2043-0795, E-ISSN 2043-0809Article in journal (Refereed) Epub ahead of print
Abstract [en]

The aim is to investigate the value basis of Socially Responsible Retirement Investments (SRRI) in a study of Swedish pension investors in the age range 18 to 65 years (N=1005). Logistic regression analyses were performed with self-reported SRRI choice as dependent variable and different levels of values as independent variables. On a higher level of analyses, self-transcendent values, especially universalism (e.g., equality, protecting the environment, and social justice), have the most important influences on SRRI choice. In contrast, on a lower-level analysis, SRRI choice is influenced by self-enhancement values with high priority for authoritarian power and low priority for wealth. The three-level analysis of values (self-transcendence vs self-enhancement value orientation, motivational domain, and value) questions the contradiction between dimension poles of values and the structuring of values in interrelated motivational domains. The results thereby clarify some previous findings and increase the understanding of the value basis of SRRI.

Place, publisher, year, edition, pages
2022.
Keywords [en]
Financial decision making, socially responsible investment, retirement, values, social psychology, FINANCIAL PERFORMANCE, PERSONAL VALUES, ATTITUDES, PREFERENCES, BEHAVIOR, BELIEFS
National Category
Economics
Identifiers
URN: urn:nbn:se:hb:diva-28095DOI: 10.1080/20430795.2022.2077291ISI: 000809988900001Scopus ID: 2-s2.0-85131697155OAI: oai:DiVA.org:hb-28095DiVA, id: diva2:1674710
Available from: 2022-06-22 Created: 2022-06-22 Last updated: 2022-11-24Bibliographically approved

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