Sustainable and responsible investment in emerging markets: integrating environmental risks in the South African investment industry

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EfD Authors:

This article analyses the views of South African investment organizations about the likelihood of commodification of environmental
risks in their investment decision-making processes. It is based on an empirical qualitative survey of 22 investment organizations,
which are signatories to the United Nation’s Principles for Responsible Investment.

Experiments

Does Positional Concern Matter in Poor Societies? Evidence from a Survey Experiment in Rural Ethiopia

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We investigate attitudes toward positionality among rural farmers in Northern Ethiopia using a survey experiment.

On average, we find very low positional concerns both for income per se and for income from aid projects. The results support the claim that positional concerns are positively correlated with absolute level of income. The implications of our results on implementation of aid projects are discussed.

 

Experiments

Does Relative Income Matter for the Very Poor? Evidence from Rural Ethiopia

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Does relative income have an impact on subjective well-being among extremely poor people? Contrary to the findings in developed countries, where relative income has shown a significant and negative impact on subjective well-being, this study (based on different definitions of reference groups) suggests that relative income does not affect subjective well-being among the very poor people in northern Ethiopia.

 

Experiments

Saving lives versus life-years in rural Bangladesh: an ethical preferences approach

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Using a random sample of individuals in rural Bangladesh, this paper investigates people's ethical preferences regarding relative values of lives when it comes to saving lives of individuals of different ages. By assuming that an individual has preferences concerning different states of the world, and that these preferences can be described by an individual social welfare function, the individuals' preferences for life-saving programs are elicited using a pair-wise choice experiment involving different life-saving programs.

Experiments