TY  - UNPD
A1  - Auzepy, Alix
A1  - Bannier, Christina E.
A1  - Gärtner, Florian
T1  - Looking beyond ESG preferences: The role of sustainable finance literacy in sustainable investing
N2  - We assess how sustainable finance literacy affects people’s sustainable investment behavior, using a pre-registered experiment. We find that an increase in sustainable finance literacy leads to a 4 to 5% increase in the probability of investing sustainably. This effect is moderated by sustainability preferences. In the absence of moderate sustainability preferences, any additional increase in sustainable finance literacy is at minimum irrelevant, and we find some evidence that it might even reduce sustainable investments. Our findings underscore the role of knowledge in shaping sustainable investment decisions, highlighting the importance of factors beyond sustainability preferences.
T3  - CFS working paper series - No.  719 
KW  - Sustainable finance literacy
KW  - sustainable investments
KW  - behavioral finance
KW  - SFDR
KW  - MIFID
Y1  - 2024
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/81298
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-812988
UR  - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4773211
PB  - Center for Financial Studies
CY  - Frankfurt, M.
ER  -