While previous papers mostly used the U.S. and U.K. data, we applied an international dataset to examine the flow–performance relationship of international equity and bond mutual funds. By incorporating a novel measure of asset managers’ market timing ability, drawn from the logic of...

Central bank informal communications became more frequent and acquired more mass media attention after the global financial crisis. Do investors react to the content (e.g., future expansionary or restrictive policy) of informal central bank communications? And especially, do investors have a...

This paper empirically studies whether people and investors globally really see climate change as a major threat, as defined by United Nations Framework Convention on Climate Change. Our identification strategy aims to investigate two research questions: (1) whether people attention to Climate...