Research into asset pricing anomalies in the China A-share market is hampered given the short time series of available returns. Even when average excess returns on candidate factor portfolios are economically sizeable, conventional portfolio sorting methods lack statistical power. We apply an...

Innovative financial services may help to reduce global carbon emissions. We examine the activity in voluntary carbon credit trading on a new blockchain based carbon trading exchange, which reduces the amount of intermediation in this market. About 3.8 million tCO2e tokens have been tokenized on...

This paper investigates how investors can integrate the Sustainable Development Goals (SDG) into government bond portfolios. First, we develop a framework that assesses if countries: (i) have good policies for the SDGs; (ii) need better access to capital in order to finance sustainable...

The rise of sustainable investing in fixed-income markets has led to a variety of special types of bonds. In addition to green bonds that are predominantly used to provide capital for the energy transition, recently also social, sustainability, and sustainability-linked bonds have appeared in...