We investigate the equity trading behaviour of foreign portfolio investors (FPIs) and the potential stock market implications during a period of tax treatment uncertainty in the Indian emerging market. Theoretical arguments predict that the trading reactions (entry and exit) of FPIs not only...

Drawing on the frameworks of signaling and socially responsible investment (SRI) theoretical lens, we investigate the primary market demands for green bonds (GB). Using unique information on the orderbook size of bonds issued worldwide during 2013-2022, we find that the demand for corporate GB...

We investigate whether immigration induced fear sentiments affect the investment decisions of institutional investors. Using a text-based measure of immigration fear and data from four developed economies, we show that higher immigration fear sentiments trigger institutional investors to divest...