Tailoring fund selection to diverse investors: integrating financial and sustainability performance

Identifier:  imarina:9466968

Handle: https://hdl.handle.net/20.500.11797/imarina9466968

Authors:  Sorrosal-Forradellas, MT; Fabregat-Aibar, L; Barberà-Mariné, MG; Terceño, A

Abstract:
This study explores the integration of financial and Environmental, Social, and Governance (ESG) criteria in the evaluation of investment funds within the energy equity sector, considering both short and long-term investor perspectives. Based on the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS), a multi-criteria decision model, this analysis includes scenarios tailored to investors prioritizing financial returns and those focused on sustain-ability. The findings reveal that investors' subjective preferences influence fund rankings, highlighting the need for adaptive classification systems. Finally, a customizable investment tool aligned with diverse investor priorities is proposed.