Alexander Bassen|Katrin Gödker|Florian Lüdeke?Freund|Josua Oll
Climate Information in Retail Investors’ Decision-Making: Evidence From a Choice Experiment
Universität Hamburg|University of Reading|Universität Hamburg|Universität Hamburg|ESCP Business School|Universität Hamburg
financial markets play decisive role transition lowcarbon economy study investigates role climate information presentation climatefriendly investing among retail investors conduct choice experiment vary presentation format climate information means three label designs test influence investment practices provide empirical evidence effectiveness climate labeling potential nudge climatefriendly investing furthermore find heterogeneity influence climate information across different label designs cognitive characteristics investors intuitive reflective decision makers tend place significantly less weight funds climate performance compared financial performanceirrespective participants environmental preference