We investigate the effects of the risk of flooding and rising sea levels on the prices of single-family homes in … flood risk exposure of all Danish houses. Flood risks are substantial: between 0.9 and 1.2 per cent of Danish houses are at … risk of flooding today, and nearly twice as many houses will be exposed to flood risk by 2071. Houses that are exposed to …

We study the impact of risk on mutual fund flows. Consistent with prior literature, we find evidence that net flows … show aversion to risk. We show, however, that gross inflows and outflows are positively related to risk. While this result … risk, rather than systematic risk, and that institutional investors and incumbent investors are less susceptible to this …