Unveiling behavioral mechanisms in the transition from green financial capability to green investment
グリーン金融能力からグリーン投資への移行における行動メカニズムの解明 (AI 翻訳)
Muskaan Sachdeva, Piyush Hooda, Anju Singla
🤖 gxceed AI 要約
日本語
本研究は、グリーン金融能力（GFC）がグリーン投資（GI）に与える影響を、グリーン金融行動（GFB）を媒介として調査した。インド北部の354人の個人投資家を対象とした調査に基づき、GFCはGFBを通じてGIを有意に促進し、完全媒介効果が確認された。GFCの構成要素である金融リテラシーと包摂性のうち、リテラシーの影響がより強い。
English
This study examines how green financial capability (GFC) influences green investment (GI) through green financial behavior (GFB) as a mediator. Based on a survey of 354 retail investors in North India, results show that GFC significantly facilitates GI via GFB, with full mediation. Both literacy and inclusion are antecedents, with literacy having a stronger effect.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
インドの個人投資家データに基づくが、日本でもグリーン投資促進に向けた行動メカニズムの理解は重要。金融リテラシー向上策や包摂的金融サービスの設計に示唆を与える。
In the global GX context
While focused on an emerging economy, the behavioral framework offers insights for global efforts to boost retail green investment. It underscores the role of financial capability and behavior, relevant for designing interventions in both developed and developing markets.
👥 読者別の含意
🔬研究者:Provides a capability-behavior-investment framework that integrates literacy and inclusion, testable in other contexts.
🏢実務担当者:Highlights the need to enhance both financial literacy and inclusion to foster green investment behavior among retail clients.
🏛政策担当者:Suggests that policies promoting green finance should address behavioral barriers through capability-building initiatives.
📄 Abstract（原文）
Purpose Sustainable finance has emerged as a global priority; however, retail investors continue to face barriers, such as limited awareness, restricted access, and behavioral barriers that limit the adoption of Green Investments. Hence, this study explores how green financial capability (GFC), a multidimensional construct encompassing green financial literacy (GFL) and green financial inclusion (GFI), influences green investment (GI), with green financial behavior (GFB) as a mediating behavioral mechanism. Design/methodology/approach The partial least squares structural equation modeling (PLS-SEM) was used to analyze the data and test hypotheses based on a cross-sectional survey of 354 retail investors across North India, with concentrated retail investor growth and clean energy adoption. Findings The findings indicate that GFC significantly facilitates GI through GFB, which fully mediates the relationship between GFC and GI (β = 0.505, p < 0.001). Furthermore, both GFL and GFI emerge as significant antecedents of GFC, with literacy demonstrating a stronger influence. Practical implications The study offers insights for investors, financial institutions, and regulatory bodies to design targeted interventions for enhancing sustainable investments. These initiatives may significantly contribute to achieving Sustainable Development Goals (SDGs) and societal transition through sustainable inclusive growth. Originality/value Unlike prior studies that examined financial literacy or inclusion separately, this study integrates both within a capability–behavior–investment framework to explain how investor capabilities translate into sustainable financial actions. It makes a distinct contribution by conceptualizing GFC as a multidimensional construct and examining its direct and indirect influence on GI within the underexplored context of emerging economies.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.1108/ijssp-04-2025-0258first seen 2026-05-14 21:41:04
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