The effect of near- versus distant-future mindsets on socially responsible investors’ mutual fund preferences |
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Authors: | David L Alexander John J Sailors Jamal A Al-Khatib Mohammed I Al-Habib |
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Institution: | 1.Opus College of Business, University of St. Thomas,Minneapolis,USA |
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Abstract: | Socially responsible investing (SRI) has seen tremendous growth in recent years. For SRI investors, choosing among potential SRI investments often requires making trade-offs between social responsibility and financial aspects of the investment. In this study, we examine contexts where investors are more versus less willing to make such trade-offs, specifically in the context of SRI-guided mutual funds among Muslim investors. We expect that priming a near-future mindset will make respondents less likely to trade-off social responsibility for financial considerations, whereas priming a distant-future mindset will make respondents more likely to make such trade-offs. Using a discrete choice experimental design among Saudi Arabian adults, we find support for our hypotheses. Managerial implications and directions for future research are discussed. |
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