Investing for More than Just Money: The Non-Utilitarian Benefits of Investments

Authors

  • Gitonga Celestine Gatabi KCA university
  • Michael Musyoka Muema KCA university
  • Oreko Nyakoi Godfrey KCA university
  • Ibrahim Tirimba Ondabu KCA university

DOI:

https://doi.org/10.47941/ijecop.1451
Abstract views: 181
PDF downloads: 109

Abstract

Purpose: This article aimed to identify the psychological, social, environmental and ethical benefits of investments.

Methodology: A total of 82 articles that were initially picked for this study, 30 articles were however selected and critically scrutinized to yield this review article.

Findings: The review findings reveal that investments can have a significant impact on investors' well-being and highlight the importance of considering these benefits in investment decision-making processes.

Unique contribution to theory, practice and policy: One limitation of the existing studies is that they are often based on self-reported data, which may be subject to bias or social desirability effects. This research describes new paradigms to the additional benefits of investments, in addition to the famous monetary gains such as the psychological, social, environmental and ethical benefits. Understanding these trade-offs can help investors make more informed decisions about their investment strategies.

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Author Biographies

Gitonga Celestine Gatabi, KCA university

Ph.D. Finance Students at the Department of Accounting, Finance and Economics, School of Business

Michael Musyoka Muema, KCA university

Ph.D. Finance Students at the Department of Accounting, Finance and Economics, School of Business

Oreko Nyakoi Godfrey, KCA university

Ph.D. Finance Students at the Department of Accounting, Finance and Economics, School of Business

Ibrahim Tirimba Ondabu, KCA university

Senior Lecturer in the Department of Accounting, Finance and Economics, School of Business,

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Published

2023-09-20

How to Cite

Gitonga , C. G., Muema, M. M., Oreko , N. G., & Ondabu, I. T. . (2023). Investing for More than Just Money: The Non-Utilitarian Benefits of Investments. International Journal of Economic Policy, 3(1), 75–84. https://doi.org/10.47941/ijecop.1451

Issue

Vol. 3 No. 1 (2023)

Section

Articles

License

Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution (CC-BY) 4.0 License that allows others to share the work with an acknowledgment of the work’s authorship and initial publication in this journal.