Figure 1.
The grouped bar chart compares average marginal effects for S I, stocks, funds, corporate bonds and government bonds across sustainability engagement, perceived effectiveness and trust. For sustainability engagement, S I has the largest positive effect at about 0.16, government bonds are about 0.08, funds are about 0.01, corporate bonds are near 0, and stocks are negative at about negative 0.04. For perceived effectiveness, S I is about 0.14, corporate bonds about 0.05, stocks about 0.04, funds about 0.03 and government bonds negative at about negative 0.06. For trust, S I is about 0.07, government bonds about 0.03, stocks about 0.01, corporate bonds are near 0 and funds are slightly negative. Bar styles indicate p less than 0.01, p less than 0.05, p less than 0.1 and not significant.AMEs of independent variables on the probability of owning each financial product (Model 1 – investors’ ESG profile)
Source: Authors’ own work