The Impact of Social Investing on Charitable Donations

An, J; Briley, D; Danziger, S; Levi, S

The Impact of Social Investing on Charitable Donations

An, J

Briley, D Danziger, S Levi, S

Permalink

Publisher:: INFORMS
Publication Type:: Journal Article
Citation:: Management Science, 2023, 69, (2), pp. 1264-1274
Issue Date:: 2023-02-01

In Progress

	Filename	Description	Size
	an-et-al-2022-the-impact-of-social-investing-on-charitable-donations.pdf	Published version	1.16 MB	Adobe PDF	View/Open

Copyright Clearance Process

Recently Added
In Progress
Open Access

This item is being processed and is not currently available.

Full metadata record

Field	Value	Language
dc.contributor.author	An, J https://orcid.org/0000-0003-4684-5909
dc.contributor.author	Briley, D
dc.contributor.author	Danziger, S
dc.contributor.author	Levi, S
dc.date.accessioned	2024-03-10T21:48:41Z
dc.date.available	2024-03-10T21:48:41Z
dc.date.issued	2023-02-01
dc.identifier.citation	Management Science, 2023, 69, (2), pp. 1264-1274
dc.identifier.issn	0025-1909
dc.identifier.issn	1526-5501
dc.identifier.uri	http://hdl.handle.net/10453/176418
dc.description.abstract	We examine the impact of social investing on charitable donations using a unique data set consisting of investment behaviors and donation transactions for more than 10,000 customers of an investment app platform. We find that investors switching to a recently introduced social fund reduced their donations, mainly in charities supporting causes similar to those of the social fund. However, 79% of the investors that switched to the social fund did not donate before switching, so the social fund attracted more people to fund social causes. Still, because of the substitution effect, we estimate social funds have a positive effect on society only if their annual contributions to social causes are greater than 3.2% of the balance invested.
dc.language	English
dc.publisher	INFORMS
dc.relation.ispartof	Management Science
dc.relation.isbasedon	10.1287/mnsc.2022.4339
dc.rights	info:eu-repo/semantics/restrictedAccess
dc.subject	08 Information and Computing Sciences, 15 Commerce, Management, Tourism and Services
dc.subject.classification	Operations Research
dc.subject.classification	35 Commerce, management, tourism and services
dc.subject.classification	38 Economics
dc.subject.classification	46 Information and computing sciences
dc.title	The Impact of Social Investing on Charitable Donations
dc.type	Journal Article
utslib.citation.volume	69
utslib.for	08 Information and Computing Sciences
utslib.for	15 Commerce, Management, Tourism and Services
pubs.organisational-group	University of Technology Sydney
pubs.organisational-group	University of Technology Sydney/Faculty of Business
pubs.organisational-group	University of Technology Sydney/Faculty of Business/Marketing Discipline
utslib.copyright.status	in_progress	*
dc.date.updated	2024-03-10T21:48:40Z
pubs.issue	2
pubs.publication-status	Published
pubs.volume	69
utslib.citation.issue	2

Abstract:

We examine the impact of social investing on charitable donations using a unique data set consisting of investment behaviors and donation transactions for more than 10,000 customers of an investment app platform. We find that investors switching to a recently introduced social fund reduced their donations, mainly in charities supporting causes similar to those of the social fund. However, 79% of the investors that switched to the social fund did not donate before switching, so the social fund attracted more people to fund social causes. Still, because of the substitution effect, we estimate social funds have a positive effect on society only if their annual contributions to social causes are greater than 3.2% of the balance invested.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/176418