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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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2021
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| Subjects: | |
| 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 |