Environmental and social attitudes and investments in crypto-assets

C-Tier
Journal: Applied Economics
Year: 2024
Volume: 56
Issue: 60
Pages: 9060-9080

Authors (4)

Pavel Ciaian (not in RePEc) Andrej Cupak (not in RePEc) Pirmin Fessler (Oesterreichische Nationalbank) d’Artis Kancs (not in RePEc)

Score contribution per author:

0.251 = (α=2.01 / 4 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The purpose of this study is to contribute to our understanding of the relationship of environmental and social attitudes of investors and their investment into crypto-assets compared to traditional assets. Given the controversies over the environmental footprint of some crypto-asset classes, primarily due to energy-intensive mining, they present an intriguing subject for investigation. Leveraging a unique household finance survey representative of the Austrian population, we examine whether environmental and social attitudes can elucidate the variance in individual portfolio exposure to crypto-assets. Results indicate a robust link between investors’ environmental and social attitudes and their exposure to crypto-investments, yet no significant association was found with traditional asset benchmarks like bonds and shares.

Technical Details

RePEc Handle
repec:taf:applec:v:56:y:2024:i:60:p:9060-9080
Journal Field
General
Author Count
4
Added to Database
2026-01-25