89795 20230622083316.0 doi 10.1057/s41599-020-0447-y sideral 118325 ART-2020-118325 eng De Amicis, L. Understanding drivers when investing for impact: an experimental study 2020 Access copy available to the general public Unrestricted In 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. info:eu-repo/grantAgreement/ES/DGA-FEDER/E36-17R info:eu-repo/grantAgreement/ES/MCIU-FEDER/PGC2018-098186-B-I00 info:eu-repo/grantAgreement/ES/MINECO-FEDER/FIS2015-64349-P info:eu-repo/grantAgreement/ES/MINECO-FEDER/FIS2017-87519-P info:eu-repo/semantics/openAccess by http://creativecommons.org/licenses/by/3.0/es/ 0.612 2020 Arts and Humanities (miscellaneous) 2020 Q1 Social Sciences (miscellaneous) 2020 Q1 Psychology (miscellaneous) 2020 Q1 Economics, Econometrics and Finance (miscellaneous) 2020 Q1 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Binenti, S. Maciel Cardoso, F. Universidad de Zaragoza (orcid)0000-0002-2789-9250 Gracia-Lázaro, C. Universidad de Zaragoza (orcid)0000-0002-9769-8796 Sánchez, Á. (orcid)0000-0003-1874-2881 Moreno, Y. Universidad de Zaragoza (orcid)0000-0002-0895-1893 2004 405 Universidad de Zaragoza Dpto. Física Teórica Área Física Teórica 6, 1 (2020), 86 [9 pp] Palgrave commun. Palgrave Communications 2055-1045 690204 http://zaguan.unizar.es/record/89795/files/texto_completo.pdf Versión publicada 72639 http://zaguan.unizar.es/record/89795/files/texto_completo.jpg?subformat=icon icon Versión publicada oai:zaguan.unizar.es:89795 articulos driver 2023-06-21-15:02:12 ARTICLE