Overview of the study variables, survey questions and coding
| Cluster | Variable | Question | Measurement/coding |
|---|---|---|---|
| Dependent variable | Ownership of financial product (list of five options) | / | Dummy: selected = 1; otherwise = 0 |
| Control variables – socio-demographic characteristics | Age | Q1 | Continuous numerical variable |
| Gender | Q2 | Dummy: Female = 1; Male = 0 | |
| Resp 1 | Q3 | Dummy: main responsible = 1; otherwise = 0 | |
| Resp 2 | Q4 | Ordinal variable (1–5) | |
| Geographical area | Q5 | Categorical variable | |
| Education | Q6 | Ordinal variable (1–10) | |
| 1 – ESG profile | Sustainability engagement | Q7 | Dummy: Yes = 1; No = 0 |
| Perceived effectiveness | Q8 | Ordinal variable (1–5) | |
| Trust | Q9 | Ordinal variable (−1–1) | |
| 2 – Financial motivations | Financial motivation (list of 8 options) | Q10 | Dummy: selected among top three motivations = 1; otherwise = 0 |
| LT horizon | Q11 | Dummy: Yes = 1; No = 0 | |
| 3 – Alternativeness | Alternative investments (list of 3 options) | Q12 | Dummy: selected = 1; otherwise = 0 |
| 4 – The role of financial advisors | Advisor years | Q13 | Ordinal variable (1–5) |
| Advisor frequency | Q14 | Ordinal variable (1–6) | |
| Advisor reliance | Q15 | Ordinal variable (1–5) | |
| Info SI | Q16 | Dummy: Yes = 1; No = 0 | |
| Info climate change | Q17 | Dummy: Yes = 1; No = 0 |
| Cluster | Variable | Question | Measurement/coding |
|---|---|---|---|
| Dependent variable | Ownership of financial product ( | / | Dummy: selected = 1; otherwise = 0 |
| Control variables – socio-demographic characteristics | Age | Q1 | Continuous numerical variable |
| Gender | Q2 | Dummy: Female = 1; Male = 0 | |
| Resp 1 | Q3 | Dummy: main responsible = 1; otherwise = 0 | |
| Resp 2 | Q4 | Ordinal variable (1–5) | |
| Geographical area | Q5 | Categorical variable | |
| Education | Q6 | Ordinal variable (1–10) | |
| 1 – | Sustainability engagement | Q7 | Dummy: Yes = 1; No = 0 |
| Perceived effectiveness | Q8 | Ordinal variable (1–5) | |
| Trust | Q9 | Ordinal variable (−1–1) | |
| 2 – Financial motivations | Financial motivation (list of 8 options) | Q10 | Dummy: selected among top three motivations = 1; otherwise = 0 |
| Q11 | Dummy: Yes = 1; No = 0 | ||
| 3 – Alternativeness | Alternative investments (list of 3 options) | Q12 | Dummy: selected = 1; otherwise = 0 |
| 4 – The role of financial advisors | Advisor years | Q13 | Ordinal variable (1–5) |
| Advisor frequency | Q14 | Ordinal variable (1–6) | |
| Advisor reliance | Q15 | Ordinal variable (1–5) | |
| Info | Q16 | Dummy: Yes = 1; No = 0 | |
| Info climate change | Q17 | Dummy: Yes = 1; No = 0 |
Questions (Qs) are reported in the Supplementary Material (S1)
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