Assessment of ukrainian potential for socially responsible investment development based on cultural values

Journal of Modern Economic Research

View Publication Info
 
 
Field Value
 
Title Assessment of ukrainian potential for socially responsible investment development based on cultural values
 
Creator Shkura, Iryna
 
Description The aim of the paper is to demonstrate the impact of the culture dimension on the size of socially responsible investment (SRI) and assess the Ukrainian potential for SRI development based on cultural values. SRI regional development differs by the volume and dynamics of the regional SRI market, structure of investors and assets. The scope of influencing factors is within the following dimensions: demographic, economic, financial, institutional and cultural. The article considers indicators of the cultural dimension of SRI markets. These indicators are taken for SRI markets in Europe, the USA, Canada, and Japan. The analysis is based on the data from the Global Sustainable Investment Alliance (GSIA) and databases of the Hofstede’s 6D framework. It can be concluded that indicators of individualism, masculinity and uncertainty avoidance can be linked with the regional SRI market development. Ukraine is on the preliminary stage of SRI market development: corporate socially responsible companies exist, they are becoming more and more public and open, and their activity is becoming much sounder, the willingness to avoid risk and uncertainty is very high, and the desire to receive income from the investment into financial tools also exists. The high level of power distance, low level of individualism could be restraining factor for the Ukrainian SRI market formation, but the low level of masculinity could give advantage to the Ukrainian potential for the further SRI development
 
Publisher DENAKYR s.r.o
 
Date 2019-09-15
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://www.denakyrpublishing.science/index.php/jmer/article/view/16
 
Source Journal of Modern Economic Research; Vol 1 No 3 (2019); 39-47
2644-4380
2644-4380
 
Language eng
 
Relation https://www.denakyrpublishing.science/index.php/jmer/article/view/16/15
 
Rights Copyright (c) 2019 Journal of Modern Economic Research
http://creativecommons.org/licenses/by/4.0
 

Contact Us

The PKP Index is an initiative of the Public Knowledge Project.

For PKP Publishing Services please use the PKP|PS contact form.

For support with PKP software we encourage users to consult our wiki for documentation and search our support forums.

For any other correspondence feel free to contact us using the PKP contact form.

Find Us

Twitter

Copyright © 2015-2018 Simon Fraser University Library