TY - JOUR
T1 - The relevance of professional skepticism to finance professionals’ Socially Responsible Investing decisions
AU - Dela Cruz, Aeson Luiz
AU - Patel, Chris
AU - Ying, Sammy
AU - Pan, Peipei
PY - 2020/6/1
Y1 - 2020/6/1
N2 - This letter contributes to the literature on socially responsible investing (SRI) decisions by highlighting the relevance of professional skepticism, which is a core and fundamental concept in auditing, to finance professionals. Specifically, in the presence of richer and complex sources of information, from formal and informal sources, professional skepticism helps finance professionals’ in evaluating the relevance and reliability of information particularly with reference to social, environmental and ethical issues in investment decisions. We also suggest that professional skepticism helps in mitigating behavioral biases.
AB - This letter contributes to the literature on socially responsible investing (SRI) decisions by highlighting the relevance of professional skepticism, which is a core and fundamental concept in auditing, to finance professionals. Specifically, in the presence of richer and complex sources of information, from formal and informal sources, professional skepticism helps finance professionals’ in evaluating the relevance and reliability of information particularly with reference to social, environmental and ethical issues in investment decisions. We also suggest that professional skepticism helps in mitigating behavioral biases.
KW - Professional skepticism
KW - SRI
KW - Behavioral biases
KW - Judgment and decision-making
UR - http://www.scopus.com/inward/record.url?scp=85081680716&partnerID=8YFLogxK
U2 - 10.1016/j.jbef.2020.100299
DO - 10.1016/j.jbef.2020.100299
M3 - Article
AN - SCOPUS:85081680716
SN - 2214-6350
VL - 26
JO - Journal of Behavioral and Experimental Finance
JF - Journal of Behavioral and Experimental Finance
M1 - 100299
ER -