We find that forward-looking climate metrics, such as a firm’s carbon emission target, contain information about future carbon emission growth rates. Better forward-looking metrics are associated with lower future carbon emission growth rates relative to otherwise similar firms. This relation...

In this paper, I investigate the asset allocation ability of mutual fund investors. Specifically, I examine differences among non-proprietary brokers, proprietary brokers and direct channels regarding their asset allocation ability. In aggregate, mutual fund investors do not seem to have...

This paper investigates the impact of annual report readability on the corporate bond market. My findings indicate that in the US corporate bond market, firms with less readable annual reports tend to have higher credit spreads, higher credit spread volatilities, higher transaction costs, higher...

The growing regulatory focus on quantifiable sustainable investing shifts investors’ demand towards impact products, thus challenging asset managers to align such portfolios with the primary target of outperformance. Using emission intensity, SDG, and green bonds, our study demonstrates the...

This paper investigates the impact of annual report readability on the corporate bond market. My findings indicate that in the US corporate bond market, firms with less readable annual reports tend to have higher credit spreads, higher credit spread volatilities, higher transaction costs, higher...

This paper investigates the impact of annual report readability on the corporate bond market. My findings indicate that in the US corporate bond market, firms with less readable annual reports tend to have higher credit spreads, higher credit spread volatilities, higher transaction costs, higher...

This paper investigates the impact of annual report readability on the corporate bond market. My findings indicate that in the US corporate bond market, firms with less readable annual reports tend to have higher credit spreads, higher credit spread volatilities, higher transaction costs, higher...

This paper investigates the application of factor investing in corporate bonds. Our results show that proficiency in the drivers of risk and return, the factors, should be used for bottom-up corporate bond selection. We analyze five different factors (Value, Equity Momentum, Carry, Quality,...