Do Finnish mutual fund investors value sustainability? An experiment examining ranking and fund flows

dc.contributor	Aalto University	en
dc.contributor	Aalto-yliopisto	fi
dc.contributor.advisor	Kokkonen, Joni
dc.contributor.author	Jumisko, Joonas
dc.contributor.department	Rahoituksen laitos	fi
dc.contributor.school	Kauppakorkeakoulu	fi
dc.contributor.school	School of Business	en
dc.date.accessioned	2019-12-29T17:05:11Z
dc.date.available	2019-12-29T17:05:11Z
dc.date.issued	2019
dc.description.abstract	In this paper I present causal evidence that Finnish mutual fund investors place a positive value on sustainability. For an average Finnish mutual fund that means approximately over 63 000 € as a monthly net flow based on its Portfolio sustainability score. The evidences suggest that this observed flow is not due to higher portfolio returns but rather irrational performance expectations and non-pecuniary motives to invest in higher sustainability funds.	en
dc.format.extent	28
dc.format.mimetype	application/pdf	en
dc.identifier.uri	https://aaltodoc.aalto.fi/handle/123456789/41839
dc.identifier.urn	URN:NBN:fi:aalto-201912296785
dc.language.iso	en	en
dc.programme	Rahoitus	en
dc.subject.keyword	Sustainable investing	en
dc.subject.keyword	Finnish mutual funds	en
dc.subject.keyword	investor decision	en
dc.subject.keyword	Value creation	en
dc.title	Do Finnish mutual fund investors value sustainability? An experiment examining ranking and fund flows	en
dc.type	G1 Kandidaatintyö	fi
dc.type.ontasot	Bachelor's thesis	en
dc.type.ontasot	Kandidaatintyö	fi

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