I analyze risk and return dynamics of sustainable investments with a focus on investor demand. I find that demand for green stocks in comparison with brown stocks is higher and led by active institutional investors especially during the last quinquennium. Predictive regressions show that one...

We analyze survey data on ESG beliefs and preferences in a large panel of retail investors linked to administrative data on their investment portfolios. The survey elicits investors' expectations of long-term ESG equity returns and asks about their motivations, if any, to invest in ESG assets....

We analyze survey data on ESG beliefs and preferences in a large panel of retail investors linked to administrative data on their investment portfolios. The survey elicits investors’ expectations of long-term ESG equity returns and asks about their motivations, if any, to invest in ESG assets....

In recent years, the green bond market has seen significant growth as a means of financing environmentally friendly projects. However, while much research has focused on pricing, little attention has been given to the investors who hold these bonds. This paper uses a preferred habitat framework...

Investment managers are continuously looking for new technologies and better ideas to enhance their results of higher returns on investments in stock trading, and with the successes machine learning methods have been recording in other fields, it has been attracting the full attention of...

This applied research paper is written by Yinghua Fan (City University of Hong Kong), Guanhao Feng (City University of Hong Kong) and Dashan Huang (Singapore Management University).This paper exploits a unique scheme of the China Stock Connect for daily-level and stock-level holdings of...