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Perfectionist decision-making style and ethical investment willingness
- Source :
- Management Decision. 56:534-549
- Publication Year :
- 2018
- Publisher :
- Emerald, 2018.
-
Abstract
- Purpose The purpose of this paper is to examine the ethical investment willingness decision-making process to understand how investors evaluate corporate social responsibility (CSR) actions. Design/methodology/approach Data were collected through a survey of 298 individual investors and analyzed using structural equation modeling. Findings Results reveal that perfectionist decision-making style is positively related to perceived moral intensity, substitutability of financial returns, and ethical investment willingness. In addition, perceived moral intensity and substitutability of financial returns are positively related to ethical investment willingness. Finally, perceived moral intensity is positively related to substitutability of financial returns, and a two-factor causal mediation model is supported. Research limitations/implications The limitation of this study was that the pre-tests and sampling methods required all participants to have investing experience; however, procurement of trading information for each investor was impossible; thus, actual investment behaviors were undetermined. This study shed light on the mediating roles of perceived moral intensity and the substitutability of financial returns. Future studies can further investigate the factors influencing perceived moral intensity and the substitutability of financial returns. Practical implications Future ethical investment education can focus on cultivate the ability to distinguish ethical investments and change ethical investment willingness into actual investment behavior. Originality/value Understanding the relationship between these variables can help understand why ethical investment willingness varies among investors and how the traditional financial theory investment decision model should be revised as, internationally, more people have begun to observe CSR and sustainable development.
- Subjects :
- Sustainable development
Public economics
05 social sciences
Management Science and Operations Research
Investment (macroeconomics)
General Business, Management and Accounting
Style (sociolinguistics)
Procurement
0502 economics and business
Economics
Corporate social responsibility
050211 marketing
Ethical investment
Decision model
050203 business & management
Causal mediation
Subjects
Details
- ISSN :
- 00251747
- Volume :
- 56
- Database :
- OpenAIRE
- Journal :
- Management Decision
- Accession number :
- edsair.doi...........7ec9b45346afcd58c2b4bc3d719b2946