What drives socially responsible investment? The case of the Netherlands

摘要: This paper asks what determines the growth of socially responsible savings and investments in Netherlands. We find that special tax regulation can be held for more than half during period 1995-2001. It has resulted environmentally worthwhile projects would otherwise not have had access to finance. Furthermore, it appears investors Netherlands are sensitive changes underlying regulation. However, an important fraction is likely keep their if favourable treatment were abandoned. also investigates financial performance investments. earn returns do significantly differ from return on benchmarks. The risk, however, above benchmark. In contrast, a higher (after-tax) equal risk comparison with ordinary savings. Copyright (c) 2005 John Wiley & Sons, Ltd ERP Environment.