This paper empirically studies the financial performance of energy asset allocation strategies under green and brown preferences. We assume that green investors and traditional or brown energy investors behave differently in their investment decisions. Thus, our optimal portfolio choice is...

This paper evaluates a simple and cost-efficient investment strategy based on Prospect Theory Value (PTV) and Environmental, Social, and Governance (ESG). Monthly quartile portfolios of ESG-labeled companies are constructed based on their PTV and ESG scores in the closely monitored energy...

Reversals in capital inflows can have severe economic consequences. This paper develops a dynamic general equilibrium model to analyze the effect on interest rates, asset prices, investment, consumption, output, the exchange rate and the current account of a shift in portfolio preferences of...

Reversals in capital inflows can have severe economic consequences. This paper develops a dynamic general equilibrium model to analyse the effect on interest rates, asset prices, investment, consumption, output, the exchange rate and the current account of a shift in portfolio preferences of...