“Ready or Not, Here I Come, You Can’t Hide.” Are Italian Institutional Investors Ready for Responsible Investments?

  • Duccio MartelliEmail author
  • Luca Testoni
Part of the Palgrave Studies in Impact Finance book series (SIF)


Despite the number of studies showing the potential advantages of responsible investing, and the growing number of international investors interested in this type of assets, at the domestic level it is not clear yet whether Italian investors are ready for this switch. Thanks to the use of a proprietary database, collecting data about institutional investors, and two partnerships (with the Italian Association of Pension Funds—Assofondipensione, and the Italian Family Officers Association—AIFO), it has been possible to conduct a preliminary survey among major Italian institutional investors, potentially interested in responsible assets.


Responsible finance Italian institutional investors Survey 


  1. Bourque, L. B., & Fielder, E. P. (2002). How to conduct self-administered and mail surveys. Thousand Oaks, CA: Sage.Google Scholar
  2. Eccles, R. G., Krzus, M. P., Rogers, J., & Serafeim, G. (2012). The need for sector-specific materiality and sustainability reporting standards. Journal of Applied Corporate Finance, 24(2), 65–71.CrossRefGoogle Scholar
  3. Escrig-Olmedo, E., Muñoz-Torres, M. J., & Fernández-Izquierdo, M. Á. (2013). Sustainable development and the financial system: Society’s perceptions about socially responsible investing. Business Strategy and the Environment, 22(6), 410–428.CrossRefGoogle Scholar
  4. Eurosif. (2016). European SRI study 2016. Brussels.Google Scholar
  5. Guyatt, D. J. (2006). Identifying and overcoming behavioural impediments to long term responsible investment: A focus on UK institutional investors. Available at SSRN
  6. Juravle, C., & Lewis, A. (2008). Identifying impediments to SRI in Europe: A review of the practitioner and academic literature. Business Ethics: A European Review, 17(3), 285–310.CrossRefGoogle Scholar
  7. Rappaport, A. (2005). The economics of short-term performance obsession. Financial Analysts Journal, 61(3), 65–79.CrossRefGoogle Scholar

Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.Department of EconomicsUniversity of PerugiaPerugiaItaly
  2. 2.ETicaNewsMilanItaly

Personalised recommendations