Inversión socialmente responsable: aspectos económicos y psicológicos en la gestión de fondos de inversión

Beatrice Carole Boumda Djampou

doi:10.18543/bee.2428

Beatrice Carole Boumda Djampou Universidad de Zaragoza, España https://orcid.org/0000-0001-9525-9530

Palabras clave: sesgos de comportamiento, rentabilidad, fondos ISR, gestores de cartera, finanzas del comportamiento

Resumen

Los datos proporcionados por organismos tanto nacionales como internacionales revelan el interés creciente que los inversores particulares manifiestan hacia los fondos de inversiones sostenibles y responsables (ISR). Si bien desean rentabilidades positivas, dichos inversores esperan de esos fondos una inversión en activos que cumplen criterios ambientales, sociales y de gobierno corporativo (ASG). Estos criterios imponen una clara limitación en las estrategias que los gestores de fondos ISR pueden aplicar. ¿El doble objetivo financiero y ético implica un comportamiento diferencial de los gestores de fondos ISR? El propósito principal de este artículo es proporcionar una visión económica y psicológica de los ISR. Analizaremos desde la revisión bibliográfica si existen diferencias de rentabilidad entre fondos convencionales y fondos ISR e investigaremos la relación entre rentabilidad y flujo de dinero y la existencia del efecto disposición en ISR, con el fin de ofrecer a los gestores y a los inversores una visión global para sus tomas de decisiones financieras.

Recibido: 06 julio 2022
Aceptado: 21 julio 2022

Citas

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