Retail investors' activity and climate disasters

• المؤلف الرئيسي: FINTA, Marinela Adriana
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2024
• الموضوعات: Retail investors; climate disasters; Business Law, Public Responsibility, and Ethics; Finance and Financial Management; Physical and Environmental Geography; Portfolio and Security Analysis
• الوصول للمادة أونلاين: 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

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...