000089795 001__ 89795
000089795 005__ 20230622083316.0
000089795 0247_ $$2doi$$a10.1057/s41599-020-0447-y
000089795 0248_ $$2sideral$$a118325
000089795 037__ $$aART-2020-118325
000089795 041__ $$aeng
000089795 100__ $$aDe Amicis, L.
000089795 245__ $$aUnderstanding drivers when investing for impact: an experimental study
000089795 260__ $$c2020
000089795 5060_ $$aAccess copy available to the general public$$fUnrestricted
000089795 5203_ $$aIn the last decade, a global interest in impact investing—whose goal is to generate social and environmental benefits alongside economic returns—has rapidly grown. In this context, this paper explores the socio-demographic characteristics of investors who choose impact investment options over traditional investments, and on the drivers promoting such choices. More specifically, the study consists of an experiment-based research in which 602 participants (non-experts and experts in the financial sector) took part in a multiple-choice game involving different investment scenarios and incentive conditions. The findings show that both expert investors and female participants are more likely to choose impact investment options and that the tendency to invest in social funds increases with age. Neither external and centrally planned incentives, such as fiscal incentives, nor the educational level of participants show a significant influence on investment choices. By contrast, information about the actual social impact achieved by funds plays a role in promoting socially oriented decisions. In this regard, visual aids appear to be an effective means of promoting impact investment. These findings may be of interest to policymakers, social campaigners and investment practitioners themselves when designing strategies for raising interest in impact investing or norms to strengthen a conducive and enabling environment for social entrepreneurship more broadly.
000089795 536__ $$9info:eu-repo/grantAgreement/ES/DGA-FEDER/E36-17R$$9info:eu-repo/grantAgreement/ES/MCIU-FEDER/PGC2018-098186-B-I00$$9info:eu-repo/grantAgreement/ES/MINECO-FEDER/FIS2015-64349-P$$9info:eu-repo/grantAgreement/ES/MINECO-FEDER/FIS2017-87519-P
000089795 540__ $$9info:eu-repo/semantics/openAccess$$aby$$uhttp://creativecommons.org/licenses/by/3.0/es/
000089795 592__ $$a0.612$$b2020
000089795 593__ $$aArts and Humanities (miscellaneous)$$c2020$$dQ1
000089795 593__ $$aSocial Sciences (miscellaneous)$$c2020$$dQ1
000089795 593__ $$aPsychology (miscellaneous)$$c2020$$dQ1
000089795 593__ $$aEconomics, Econometrics and Finance (miscellaneous)$$c2020$$dQ1
000089795 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion
000089795 700__ $$aBinenti, S.
000089795 700__ $$0(orcid)0000-0002-2789-9250$$aMaciel Cardoso, F.$$uUniversidad de Zaragoza
000089795 700__ $$0(orcid)0000-0002-9769-8796$$aGracia-Lázaro, C.$$uUniversidad de Zaragoza
000089795 700__ $$0(orcid)0000-0003-1874-2881$$aSánchez, Á.
000089795 700__ $$0(orcid)0000-0002-0895-1893$$aMoreno, Y.$$uUniversidad de Zaragoza
000089795 7102_ $$12004$$2405$$aUniversidad de Zaragoza$$bDpto. Física Teórica$$cÁrea Física Teórica
000089795 773__ $$g6, 1 (2020), 86 [9 pp]$$pPalgrave commun.$$tPalgrave Communications$$x2055-1045
000089795 8564_ $$s690204$$uhttps://zaguan.unizar.es/record/89795/files/texto_completo.pdf$$yVersión publicada
000089795 8564_ $$s72639$$uhttps://zaguan.unizar.es/record/89795/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada
000089795 909CO $$ooai:zaguan.unizar.es:89795$$particulos$$pdriver
000089795 951__ $$a2023-06-21-15:02:12
000089795 980__ $$aARTICLE