{"id":1035,"global_id":"www.math.ttu.edu\/mathematicalfinance?id=1035","global_id_lineage":["www.math.ttu.edu\/mathematicalfinance?id=1035"],"author":"2","status":"publish","date":"2023-01-02 11:46:18","date_utc":"2023-01-02 17:46:18","modified":"2023-01-13 12:06:43","modified_utc":"2023-01-13 18:06:43","url":"https:\/\/www.math.ttu.edu\/mathematicalfinance\/event\/no-ttu-math-finance-seminar-scheduled-2\/","rest_url":"https:\/\/www.math.ttu.edu\/mathematicalfinance\/wp-json\/tribe\/events\/v1\/events\/1035","title":"How Do Investors Value Sustainability? A Utility-Based Preference Optimization","description":"<p><strong>Speaker:<\/strong> Dr. Aydin Aslan, Department of Finance, Technical University of Dortmund<\/p>\n<p><strong>Abstract:<\/strong> We investigate how an investor\u2019s preference for sustainable assets in the portfolio varies for differing levels of risk aversion. Using a sample of 411 publicly listed firms in the S&#038;P 500, we calculate financial and sustainability returns, on which the investor\u2019s utility depends. We approximate the investor\u2019s preference by the exponential and s-shaped utility function and optimize with regard to the sustainability preference. 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