European pension funds and sustainable development : trade-offs between finance and responsibility
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Pension funds try to account for sustainable development in their operations. This mainly translates in socially responsible investing. We investigate how this interacts with the financial objectives. We use a survey among more than 250 pension funds based in 15 European countries. Multinomial logistic regression is used to find out how pension funds trade off sustainable development and financial objectives. Our findings suggest that pension funds that have not included responsibility in their strategy and investments have a clear priority for financial performance, whereas pension funds who integrate sustainable development in their strategy can bring balance between finance and responsibility.
Sievänen , R , Rita , H & Scholtens , B 2017 , ' European pension funds and sustainable development : trade-offs between finance and responsibility ' , Business Strategy and the Environment , vol. 26 , no. 7 , pp. 912-926 . https://doi.org/10.1002/bse.1954
Business Strategy and the Environment
Copyright © 2017 John Wiley & Sons, Ltd and ERP Environment. This work has been made available online in accordance with the publisher’s policies. This is the author created, accepted version manuscript following peer review and may differ slightly from the final published version. The final published version of this work is available at: https://doi.org/10.1002/bse.1954
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