Something in the air: Does air pollution affect fund managers’ carbon divestment?

Something in the air: Does air pollution affect fund managers’ carbon divestment?

We examine whether fund managers overestimate carbon risk when they are exposed to local air pollution. We find that air pollution causes managers to underweight stocks of high-emission firms. The effects are stronger for less salient scopes of carbon emissions, among managers located in pro-environ...

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Bibliographic Details
Main Authors: HUYNH, Thanh, LI, Frank Weikai, XIA, Ying Xia
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2021
Subjects:
Air Quality Index
Mutual Funds
Carbon Divestment
Belief Revision
Finance
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/6815
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7814/viewcontent/SSRN_id3908963.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/6815
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7814/viewcontent/SSRN_id3908963.pdf

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