Li, Shasha; Yang, Biao - Leibniz-Institut für Wirtschaftsforschung Halle - 2023
We investigate how optimal attention allocation of green-motivated investors changes information asymmetry in financial … reduces the information asymmetry of green firms, leading to higher price informativeness and lower leverage. Moreover, the … information asymmetry of brown firms and the market increases with the share of green investors. Therefore, greater green …