This study examines the recent literature on the expectations, beliefs and perceptions of investors who incorporate Environmental, Social, Governance (ESG) considerations in investment decisions with the aim to generate superior performance and also make a societal impact. Through the lens of...

The coping literature has demonstrated that differences in personality affect how individuals adapt to various stressful events, such as physical pain and traumatic experiences. This paper extends these findings into a stressful event in the financial domain, investment losses. We hypothesize...

We examine how the 2011 European short sale ban affected jump risk and contagion risk of both banned and unbanned stocks. Using Extreme Value Theory, we estimate the tails of stock options’ risk-neutral densities to calculate extreme downside risk. Using this measure and implied volatility...