Essays about: "Nonpecuniary preference"

Found 3 essays containing the words Nonpecuniary preference.

  1. 1. Flight to climate: liquidity commonality in brown equities

    University essay from Stockholms universitet/Företagsekonomiska institutionen

    Author : Haiping Yu; [2023]
    Keywords : ESG; ESG Investing; Climate investing; Liquidity Commonality; Systematic Liquidity Risk;

    Abstract : Emerging ESG studies have established a negative equilibrium correlation between ESG factors and stock returns in an economy predominately influenced by investors with nonpecuniary preference over high ESG credentials. However, little research has delved into a potential systematic liquidity risk phenomenon associated with aggregate trading activities of ESG-motivated investors who share a common nonzero ESG preference component in their utility function. READ MORE

  3. 2. On the relationship between green preferences and returns

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Ella Klynning; Cornelia Frick; [2020]
    Keywords : Green investing; Behavioural finance; Capital asset pricing model; Investor preference; Nonpecuniary preference; Business and Economics;

    Abstract : Abstract The care for the environment in investment situations is rising among different groups of investors, due to social and psychological factors. Existing studies on nonpecuniary preferences for the environment are focused on measuring the proportion of individuals with green agendas, whereas we focus on measuring also magnitudes, i.e. READ MORE

  4. 3. Keen for Green - A Study of Pricing in the Secondary Green Bond Market

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Rickard Anderkrans; Patrik Johannesson; [2019]
    Keywords : Green bonds; Panel data; Issuer fixed effects regression; Capital asset pricing model; Investor preference; Business and Economics;

    Abstract : The emerging green bond market is a novel research area with only a few studies being published in recent years. The increase in interest from issuers, investors, and academia shows the clear need for further investigation of the pricing dynamics affecting the green bond market. READ MORE