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Wahlqvist Odenman, Gunnar and Nordgren Motsanos, Filip, 2021. Information asymmetry in mutual funds’ sustainability communication and its effects on sustainable development. First cycle, G2E. Uppsala: SLU, Dept. of Economics

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Abstract

Information asymmetry with regards to sustainable investments limits private investors’ ability to make educated investment choices. This thesis explores how information asymmetry can materialize in the sustainability communication of five mutual funds through a qualitative content analysis of Key Investment Information Documents. The collected data is analyzed using a theoretical communication model that visualizes noise related to vocabulary, grammar and context - perpetuating information asymmetry in the fund companies’ communication efforts. The results indicate that, although efforts are taken by the European Union to reduce information asymmetry within the financial sector through the Sustainable Finance Disclosure Regulation, information asymmetry still exists. An information asymmetry that may inhibit sustainable development, by impeding the ability of private investors to make sustainable investment choices. An issue that possibly could be minimized through stricter guidelines for the content of sustainability communication.

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Informationsasymmetri relaterad till hållbara investeringar begränsar privata investerares förmåga att fatta hållbara investeringsbeslut. Denna uppsats utforskar hur informationsasymmetri kan materialiseras i fem fonders hållbarhetskommunikation genom en kvalitativ innehållsanalys av Key Investment Information Documents. Insamlade data är analyserad med hjälp av en teoretisk kommunikationsmodell som visualiserar brus relaterat till vokabulär, grammatik och kontext. Detta brus vidmakthåller informationsasymmetri i fondföretagens kommunikationsinsatser. Resultaten indikerar att informationsasymmetri fortfarande existerar. Detta trots att åtgärder har vidtagits av Europeiska unionen för att reducera informationsasymmetri inom den finansiella sektorn genom Förordningen om hållbarhetsrelaterade upplysningar. Informationsasymmetri som kan inhibera hållbar utveckling genom att hämma privata investerares förmåga att fatta hållbara investeringsbeslut. Ett problem som möjligen kan minimeras genom striktare riktlinjer för innehållet i hållbarhetskommunikation.

Main title:Information asymmetry in mutual funds’ sustainability communication and its effects on sustainable development
Authors:Wahlqvist Odenman, Gunnar and Nordgren Motsanos, Filip
Supervisor:Melin, Erik
Examiner:Hakelius, Karin
Series:Examensarbete / SLU, Institutionen för ekonomi
Volume/Sequential designation:1388
Year of Publication:2021
Level and depth descriptor:First cycle, G2E
Student's programme affiliation:NK011 Economics and Management Programme - Sustainable Development, 180.0 hp, NY008 Agronomprogrammet ekonomi 300 HEC
Supervising department:(NL, NJ) > Dept. of Economics
Keywords:Information asymmetry, communication, sustainability, content analysis, noise, SFDR, sustainable finance disclosure regulation, mutual funds, KIID, key investor information document, qualitative content analysis, adverse selection
URN:NBN:urn:nbn:se:slu:epsilon-s-17165
Permanent URL:
http://urn.kb.se/resolve?urn=urn:nbn:se:slu:epsilon-s-17165
Subjects:Economics and management
Language:English
Deposited On:15 Sep 2021 06:26
Metadata Last Modified:16 Sep 2021 01:01

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