This paper analyzes if Bitcoin enhances investment portfolios both financially and in terms of lower carbon emissions. We show that the addition of Bitcoin to a diversified equity portfolio does improve the risk-return relationship of the portfolio but not its sustainability by reducing the...

This paper analyzes and contrasts the diversification benefits of gold and the volatility index VIX from a financial and sustainability perspective. We operationalize sustainability by means of carbon emissions and show that the addition of gold or the VIX to a diversified equity portfolio can...

Factorial surveys (FSs) integrate elements of survey research and classical experiments. Using a large number of respondents in a controlled setting, FSs approximate complex and realistic judgment situations through so-called vignettes — that is, carefully designed descriptions of hypothetical...