IngentaConnect Consumer preferences and marketing strategies for "green shares":...

Authors: Michael Getzner; Sonja Grabner-Kräuter

Source: The International Journal of Bank Marketing, Volume 22, Number 4, 2004 , pp. 260-278(19)

Publisher: Emerald Group Publishing Limited

Abstract:

Socially responsible investment (SRI) has gained importance as about one out of eight US dollars is currently invested based on screening in the USA. However, European private investors are generally much more reluctant to invest in shares, and in Austria, only 7 percent of private households hold shares. There is nevertheless some interest in "green shares" (a sub-class of SRI comprising shares that are screened for their least impact on the environment) as a representative survey recently exhibited that 8 percent of respondents were definitely interested in holding "green shares". Econometric estimates of an empirical model explaining the respondents' willingness to invest in green shares showed that education, income, environmental awareness and the expected profit are the main explanatory variables. Based on these results, conclusions are drawn regarding marketing strategies for "green shares". In particular, credibility both regarding financial aspects (competitive return), and environmental and social criteria have to be guaranteed to make more consumers interested in investing in green shares.

Keywords: Marketing Strategy; Green Marketing; Consumer Behaviour; Social Responsibility; Business Ethics; Austria

Document Type: Research article

DOI: 10.1108/02652320410542545

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Consumer preferences and marketing strategies for "green shares": Specifics of the Austrian market