Super-sizing renewable energy investment: Examining the portfolio preferences of superannuation fund members

Mara Hammerle, Paul Crosby*, Rohan Best

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)

Abstract

We use a discrete choice experiment to quantify whether superannuation fund members value higher allocations of funds to renewable energy investments in their portfolios. Mixed logit modelling provides evidence that this valuation is driven by a fund member's environmental sentiment. Latent class modelling suggests that two classes of superannuation fund members exist: those whose preferences align with a renewable energy transition and those who are focused on financial returns. Our results suggest that the understanding of fiduciary duties, to act in the best interests of members, should be broader than a singular focus on financial returns.
Original languageEnglish
Pages (from-to)267-284
Number of pages18
JournalEconomic Record
Volume97
Issue number317
Early online date16 May 2021
DOIs
Publication statusPublished - Jun 2021

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