| Publikationstyp: | Working Paper – Gutachten – Studie |
| Titel: | Investment motives and performance expectations of impact investors |
| Autor/-in: | Bachmann, Kremena Meyer, Julia Krauss, Annette |
| et. al: | No |
| DOI: | 10.2139/ssrn.4402681 |
| Umfang: | 24 |
| Erscheinungsdatum: | 11-Apr-2023 |
| Verlag / Hrsg. Institution: | SSRN |
| Sprache: | Englisch |
| Schlagwörter: | Impact investing; Halo effect; Wishful thinking; Expectation; Nonfinancial motive |
| Fachgebiet (DDC): | 332.6: Investition |
| Zusammenfassung: | Using a unique sample of retail impact investors, this study evaluates how investors deal with the challenge of aligning their financial and their nonfinancial goals. We find cross–asset class difference in the relationship between nonfinancial preferences and financial performance expectations indicating that investors form financial expectations that fit with the investment decisions that their nonfinancial preferences are likely to motivate. Investors with broader investment experience are less likely to be optimistic with respect to the risk-adjusted return potential of impact investments, but differences in investment experience cannot explain why investors with stronger nonfinancial motives are more likely to be optimistic regarding the financial potential of impact investments, which supports the notion that financial expectations motivated by nonfinancial preferences sustain negative feedback. Our findings challenge conclusions drawn from observed behavior regarding investors’ willingness to pay for impact, and provide further evidence that preferences can affect expectations. |
| URI: | https://digitalcollection.zhaw.ch/handle/11475/29796 |
| Lizenz (gemäss Verlagsvertrag): | Lizenz gemäss Verlagsvertrag |
| Departement: | School of Management and Law |
| Organisationseinheit: | Institut für Financial Management (IFI) |
| Enthalten in den Sammlungen: | Publikationen School of Management and Law |
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Bachmann, K., Meyer, J., & Krauss, A. (2023). Investment motives and performance expectations of impact investors. SSRN. https://doi.org/10.2139/ssrn.4402681
Bachmann, K., Meyer, J. and Krauss, A. (2023) Investment motives and performance expectations of impact investors. SSRN. Available at: https://doi.org/10.2139/ssrn.4402681.
K. Bachmann, J. Meyer, and A. Krauss, “Investment motives and performance expectations of impact investors,” SSRN, Apr. 2023. doi: 10.2139/ssrn.4402681.
BACHMANN, Kremena, Julia MEYER und Annette KRAUSS, 2023. Investment motives and performance expectations of impact investors. SSRN
Bachmann, Kremena, Julia Meyer, and Annette Krauss. 2023. “Investment Motives and Performance Expectations of Impact Investors.” SSRN. https://doi.org/10.2139/ssrn.4402681.
Bachmann, Kremena, et al. Investment Motives and Performance Expectations of Impact Investors. SSRN, 11 Apr. 2023, https://doi.org/10.2139/ssrn.4402681.
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