Returns merely based on one purchasing price of an asset are uninformative for people regularly contributing to their old-age provision. Here, each purchase has an influence on the outcome. Still, they are commonly used in finance literature, giving an overly optimistic view of expected...

Combining corporate sustainability performance scores based on environmental, social and governance (ESG) data with big data measuring public sentiment about a company's sustainability performance, I find that the valuation premium paid for companies with strong sustainability performance has...

In the face of accelerating climate change, investors are making capital allocations seeking to decarbonize portfolios by reducing the carbon emissions of their holdings. To understand the performance of portfolio decarbonization strategies and investor behavior towards decarbonization we...

It is widely recognized that foreign direct investment (FDI) plays an important role in economic development. Internationalization theory is used to explore how inward FDI impacts entrepreneurial activity. Using data from the Global Entrepreneurship Monitor we find significant differences in...

This paper hypothesizes and empirically establishes the persistent effects of novelty-seeking traits on crosscountry differences in scientific knowledge creation. I use data on the prevalence of specific allele variants of the human DRD4 exon III gene, which population geneticists have linked to...