Lecture: Rich and responsible? The Rise of Responsible Investors

Prof. Kasper Meisner Nielsen, Copenhagen Business School

Tuesday, August 29 at 9:30-11:00

 

What is motivating the rise of responsible investing? In this seminar, Prof. Kasper Meisner Nielsen will present his research paper “Rich and responsible?” that finds that investors perceive responsible investing as a “luxury good”.

This research studies the rise of responsible investing (i.e., investing in assets with environmental and social benefits as well as financial returns) among investors in Denmark. From 2011 to 2021, the average portfolio weight of responsible assets increases from 2.4% to 5.2%, driven by an increasing fraction of investors with responsible mutual funds (0.9% to 11.3%) and green energy stocks (8.1% to 14.4%). Motivated by the observation that responsible investments concentrate among wealthy investors, we use windfall wealth from inheritances to document that investors perceive responsible investing as a luxury good, with demand partially motivated by a “warm glow” effect.

 

How to attend?

Please register here to attend one or more lectures: https://forms.gle/LbprYzpUMJu82who9

The lecture will take place at Riga Business School (11 Skolas Street, Riga) with an option to attend online via Zoom. You will receive Zoom link, if you register for the online option.

 

About the guest lecturer

 

Prof. Kasper Meisner Nielsen

Kasper Meisner Nielsen is a Professor of Finance at Copenhagen Business School and adjunct professor at HKUST. He received his Bachelor of Science, Master of Science, and Ph.D. degrees in Economics from the University of Copenhagen. 

Professor Nielsen’s research interests are in behavioural finance, corporate governance, entrepreneurial finance, family business, and household finance. His research has featured in international newspapers and magazines including Business Week, Financial Times, Harvard Business Review, International Herald Tribune, The Economist, The Times of India, and Wall Street Journal.

He has studied the consequence of family succession on firm performance, the value of independent directors, the level of executive compensation, why individuals shy away from stocks, the effect of personal exposure to the global financial crisis on risk taking, and households’ decisions to refinance their mortgage. His work has been published in academic journals including American Economic Review, The Quarterly Journal of Economics, Journal of Financial Economics, Review of Financial Studies, and others. 

Professor Nielsen has served as an external advisor, consultant, and lecturer to government agencies and companies in China, Denmark, and Hong Kong.

More about Prof. Nielsen’s research: http://www.kaspermeisnernielsen.com/