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Sustainable Investment: Consequences for Psychological Well-Being

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Psychology of Sustainability and Sustainable Development".

Deadline for manuscript submissions: closed (31 December 2021) | Viewed by 7228

Special Issue Editors


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Guest Editor
Department of Psychology, University of Gothenburg, Gothenburg, Sweden
Interests: Behavioral Decision Making; Environmental Psychology; Economic Psychology

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Guest Editor
Göteborg Research Institute, School of Business, Economics, and Law, University of Gothenburg, Göteborg, Sweden

Special Issue Information

Dear Colleagues

The Special Issue is dedicated to sustainable investment (SI), generally referring to the environmental, social, and governance (ESG) factors that are integrated into the financial investment process. It is recognized that the financial industry has a significant direct impact on the financial and social stability of society, as well as an indirect impact on the planet’s ecosystem. However, less is known about how SI influences future environmental, economic, and social consequences that affect citizens’ psychological well-being. Such knowledge promises to be important to society’s current transitions to become environmentally sustainable without threatening citizens´ psychological well-being. Submissions solicited for the Special Issue should discuss or empirically demonstrate conditions facilitating the successful accumulation of this knowledge, whether by means of interacting with companies; choosing strategies for investing in company stocks; or by other means such as altering investment practices, organizational norms, and interpretations of the legal aspects of the fiduciary role to become aligned with beneficiaries’ visions of a good life. Articles published in the Special Issue should not ignore but rather break away from a focus on the relation between SI and financial returns.

SI has become a specialization in many traditional departments of business schools. From engaging an exclusive group of trustees, investors, and researchers, it is now increasingly common among these professionals. The mainstreaming and marketing of SI emphasize the need for a clear and universal definition including how SI relates to other specializations such as socially responsible investment (SRI), ethical investment (EI), and corporate social responsibility (CSR). An important task for all submissions to the Special Issue is hence to provide an unequivocal definition of SI. This is particularly important since the Special Issue is expected to attract a readership of sustainability researchers who may not be familiar with the research on SI. The Special Issue should be an opportunity for those engaged in SI research to increase other sustainability researchers´ knowledge of SI, thereby possibly paving the way for more interdisciplinary collaboration in the future.

Prof. Tommy Gärling
Dr. Magnus Jansson
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • beliefs and values
  • corporate social responsibility
  • ethical investment
  • fiduciary duty
  • financial market
  • financial return
  • investment strategy
  • organizational culture
  • psychological well-being
  • socially responsible investment
  • stakeholder engagement
  • sustainable finance
  • sustainable investment

Published Papers (2 papers)

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Research

12 pages, 3144 KiB  
Article
Bibliometric Mapping of Research Trends on Financial Behavior for Sustainability
by Tania López-Medina, Isabel Mendoza-Ávila, Nicolás Contreras-Barraza, Guido Salazar-Sepúlveda and Alejandro Vega-Muñoz
Sustainability 2022, 14(1), 117; https://doi.org/10.3390/su14010117 - 23 Dec 2021
Cited by 8 | Viewed by 3217
Abstract
This article presents a global empirical overview of studies on financial behavior in relation to education, money-saving, and consumption, contributing to research on the Sustainable Development Goals (SDGs) related to social equity in the quality education (4th Sustainable Development Goal) and inequality reduction [...] Read more.
This article presents a global empirical overview of studies on financial behavior in relation to education, money-saving, and consumption, contributing to research on the Sustainable Development Goals (SDGs) related to social equity in the quality education (4th Sustainable Development Goal) and inequality reduction (10th Sustainable Development Goal) areas. Thus, the data and metadata of 492 articles registered between 1992 and August 2021 were extracted from the Web of Science (Journal Citation Report, JCR) and analyzed with a bibliometric approach, using classical methodological laws and the specialized software VOSviewer. Among the results, we highlight the exponential scientific production growth in the last decades, the concentration in only twelve specific journals indexed in the Journal Citation Report, the global hegemony of US universities in institutional co-authorship networks, and the thematic and temporal segregation of the concepts of financial behavior. We conclude an evolution of two decades in the relevant topics and a concentration in three large blocks: (1) financial education; (2) savings and consumption decisions; (3) financial literacy and investments, which are a temporal evolution that gives for the irruption of diverse visions in the relationship between the evolution of individual financial behavior and the global market. Given it is necessary to know the impact of financial education and financial literacy on personal savings, consumption, and investment behaviors, a larger study on financial behavior could be conducted with this research and an assessment of these results. Full article
(This article belongs to the Special Issue Sustainable Investment: Consequences for Psychological Well-Being)
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10 pages, 252 KiB  
Communication
Sustainable Investment: Consequences for Psychological Well-Being
by Tommy Gärling and Magnus Jansson
Sustainability 2021, 13(16), 9256; https://doi.org/10.3390/su13169256 - 18 Aug 2021
Cited by 3 | Viewed by 3550
Abstract
This paper sets the stage for research on sustainable investment (SI) related to psychological well-being (PWB). It recognizes the threat of current global consumption levels to exceed the planetary boundaries and asks what roles financial markets may play in reducing these threats without [...] Read more.
This paper sets the stage for research on sustainable investment (SI) related to psychological well-being (PWB). It recognizes the threat of current global consumption levels to exceed the planetary boundaries and asks what roles financial markets may play in reducing these threats without compromising PWB. SI integrates environmental (E), social (S), and governance (G) factors alongside financial factors in investments in company shares and bonds as well as through active engagement in companies. Barriers to ESG integration include lower short-term financial performance, higher financial risks, and insufficient ESG screening by investors. A brief review of PWB shows that reliable and valid measurement methods have been developed, that the resulting measures complement economic and social national welfare indicators, and that health, sufficient material welfare, income equality, and non-material consumption are important determinants of PWB. The challenge is to globally reduce private material consumption levels in affluent countries. It is suggested that one role SI may play is in investing or actively engaging in companies that efficiently meet an increasing consumer demand of non-material consumption. Future research should address this role of SI. Full article
(This article belongs to the Special Issue Sustainable Investment: Consequences for Psychological Well-Being)
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