Paying To Be Good? U.K. Ethical Investments
研究道德投资是否带来额外成本，基于行为经济学模型分析投资者动机多样性，并以英国道德投资的增长与表现为例。
Ethical investing raises questions relating both to the possibility of private provision of public goods and to the determination of asset prices in financial markets. In both cases, economists have turned.to more complex, psychologically based models of behavior to provide adequate explanations. Such models show that there is unlikely to be a clearly identifiable cost to ethical investment and suggest the need for closer consideration of the diversity of investors' motives. The discussion is illustrated by reference to the growth and performance of U.K. ethical investments. Copyright 1992 by WWZ and Helbing & Lichtenhahn Verlag AG