Retail investors' activity and climate disasters

• 主要作者: FINTA, Marinela Adriana
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2024
• 主題: Retail investors; climate disasters; Business Law, Public Responsibility, and Ethics; Finance and Financial Management; Physical and Environmental Geography; Portfolio and Security Analysis
• 在線閱讀: https://ink.library.smu.edu.sg/skbi/44; https://ink.library.smu.edu.sg/context/skbi/article/1043/viewcontent/Retail_InvestorsClimate_Disasters_202406_wp.pdf
• 機構: Singapore Management University

We analyze the effects of climate disasters on retail investors’ trading activity. Results show that retail investors trade significantly less during and around climate disasters, and retail buyers exhibit higher returns than sellers. Climate disasters weaken the positive return predictability of th...