Dear members,
This table presents the marginal effects derived from probit regressions, where the dependent variable, sustainable_investment, is a binary indicator set to 1 if the investor holds a sustainable fund, and 0 otherwise. The key explanatory variables are defined as follows:
Sustainable_concerns: An average score derived from three items, each measured on a 7-point Likert scale, reflecting the level of concern individuals have regarding sustainability issues.
Sustainable_behavior: An average score derived from two items, each measured on a 7-point Likert scale, indicating the extent to which individuals engage in recycling and other environmentally protective behaviors.
Sustainable_vote: A single item measured on a 7-point Likert scale, assessing whether individuals vote for political parties with sustainable programs.
What could possibly explain the shift in the sign for sustainable_concerns?
The three variables—sustainable_concerns, sustainable_behavior, and sustainable_vote—reflect general attitudes towards sustainability issues and are not directly related to sustainable funds. Additionally, three other variables specifically related to sustainable funds are included, each measured on a 7-point Likert scale (sustainable_attitude, confidence, and impact).
After including the new variables related to sustainable funds, sustainable_concerns becomes significant while sustainable_behavior loses its significance.
This table presents the marginal effects derived from probit regressions, where the dependent variable, sustainable_investment, is a binary indicator set to 1 if the investor holds a sustainable fund, and 0 otherwise. The key explanatory variables are defined as follows:
Sustainable_concerns: An average score derived from three items, each measured on a 7-point Likert scale, reflecting the level of concern individuals have regarding sustainability issues.
Sustainable_behavior: An average score derived from two items, each measured on a 7-point Likert scale, indicating the extent to which individuals engage in recycling and other environmentally protective behaviors.
Sustainable_vote: A single item measured on a 7-point Likert scale, assessing whether individuals vote for political parties with sustainable programs.
What could possibly explain the shift in the sign for sustainable_concerns?
The three variables—sustainable_concerns, sustainable_behavior, and sustainable_vote—reflect general attitudes towards sustainability issues and are not directly related to sustainable funds. Additionally, three other variables specifically related to sustainable funds are included, each measured on a 7-point Likert scale (sustainable_attitude, confidence, and impact).
After including the new variables related to sustainable funds, sustainable_concerns becomes significant while sustainable_behavior loses its significance.
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