Samfundsansvar er oppe i tiden, men ser velhavere det som en pligt, som økonomisk fornuftigt eller som forbrug? Det sidste er tilfældet, konkluderer et studie, der er offentliggjort på Nationalbankens hjemmeside: ”The large effect of wealth on the propensity to hold sustainable investments motivates a more careful analysis in which we identified the within-person sensitivity of responsible investing to wealth. We relied on a sample of individuals who received windfall wealth due to the death of their last living parent and found a positive and statistically significant effect of inherited wealth on responsible investing. Therefore, our results suggest that investors regard responsible investing as a luxury good. (…) Overall, our study found that investors are more likely to hold responsible assets in their portfolios after receiving windfall wealth. After windfalls, they also allocate a larger fraction of their portfolios to responsible assets, consistent with responsible investing being a luxury good. Exploring different channels, our study found that investors with a history of charitable giving exhibit a strong response sensitivity to windfall wealth of responsible investing, which emphasises the influence of a ‘warm glow’ effect on the demand for sustainable assets.”
Sten Thorup Kristensen
