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Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title It’s the News, Stupid! The Relationship Between News Attention, Literacy, Trust, Greenwashing Perceptions and Sustainable Finance Investment in Switzerland
Organization Unit
Authors
  • Nadine Strauß
  • Jonathan Krakow
  • Marc Chesney
Item Subtype Original Work
Refereed Yes
Status Published in final form
Language
  • English
Journal Title Journal of Sustainable Finance & Investment
Publisher Taylor & Francis
Geographical Reach international
ISSN 2043-0795
Volume 13
Number 4
Page Range 1480 - 1505
Date 2023
Abstract Text Although sustainable finance (SF) has become a leading trend in the financial industry, little is known about how attention to news on SF, trust in the industry, and recent accusations of greenwashing affect the likelihood to invest in SF products. Based on a survey of a representative sample of Swiss citizens, we find that more attention to news about SF and trust in SF are positively related to the likelihood of investing in SF, whereas greenwashing perceptions are negatively related. Furthermore, attention to SF and economic news are positive predictors of sustainable finance literacy (SFL), whereas attention to SF news is negatively associated with greenwashing perception of SF. Collectively, these findings imply that engaging citizens with SF investments, particularly information seeking on SF news and trust in SF rather than SFL, need to be fostered. The Implications of the communication practices of the SF industry and policy implications are discussed.
Free access at Official URL
Digital Object Identifier 10.1080/20430795.2023.2226792
Other Identification Number merlin-id:23771
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