Showing 1 - 10 of 22
Persistent link: https://www.econbiz.de/10012546567
We propose and implement a procedure to dynamically hedge climate change risk. We extract innovations from climate news series that we construct through textual analysis of newspapers. We then use a mimicking portfolio approach to build climate change hedge portfolios. We discipline the exercise...
Persistent link: https://www.econbiz.de/10012024377
We administer a newly-designed survey to a large panel of retail investors who have substantial wealth invested in financial markets. The survey elicits beliefs that are crucial for macroeconomics and finance, and matches respondents with administrative data on their portfolio composition and...
Persistent link: https://www.econbiz.de/10012024521
Persistent link: https://www.econbiz.de/10012015507
Persistent link: https://www.econbiz.de/10012015615
Persistent link: https://www.econbiz.de/10012198087
We analyze survey data on ESG beliefs and preferences in a large panel of retail investors linked to administrative data on their investment portfolios. The survey elicits investors' expectations of long-term ESG equity returns and asks about their motivations, if any, to invest in ESG assets....
Persistent link: https://www.econbiz.de/10014250132
We propose a new methodology to build portfolios that hedge the economic and financial risks from climate change. Our quantity-based approach exploits information on how mutual fund managers trade in response to idiosyncratic changes in their climate risk beliefs. We exploit two types of...
Persistent link: https://www.econbiz.de/10013477195
Persistent link: https://www.econbiz.de/10014266784
Persistent link: https://www.econbiz.de/10012139704