In search of the origins of financial fluctuations: The inelastic markets hypothesis
X Gabaix, RSJ Koijen - 2021 - nber.org
We develop a framework to theoretically and empirically analyze the fluctuations of the
aggregate stock market. Households allocate capital to institutions, which are fairly …
aggregate stock market. Households allocate capital to institutions, which are fairly …
What do mutual fund investors really care about?
We show that mutual fund investors rely on simple signals and likely do not engage in
sophisticated learning about managers' alpha as widely believed. Simplistic performance …
sophisticated learning about managers' alpha as widely believed. Simplistic performance …
Impact of behavioral factors on investors' financial decisions: case of the Egyptian stock market
Purpose This paper aims to investigate the relationship between investors' demographic
characteristics (age, gender, education level and experience) and their investment decisions …
characteristics (age, gender, education level and experience) and their investment decisions …
Short term response of Chinese stock markets to the outbreak of COVID-19
HY Liu, Y Wang, D He, C Wang - Applied Economics, 2020 - Taylor & Francis
China's economy and the Asian stock markets have been severely impacted by the COVID-
19 outbreak. This article used an event study method to calculate the abnormal returns (AR) …
19 outbreak. This article used an event study method to calculate the abnormal returns (AR) …
Which factors matter to investors? Evidence from mutual fund flows
When assessing a fund manager's skill, sophisticated investors will consider all factors
(priced and unpriced) that explain cross-sectional variation in fund performance. We …
(priced and unpriced) that explain cross-sectional variation in fund performance. We …
Investor sentiment index: a systematic review
S Prasad, S Mohapatra, MR Rahman… - International Journal of …, 2022 - mdpi.com
The Investor Sentiment Index (ISI) is widely regarded as a useful measure to gauge the
overall mood of the market. Investor panic may result in contagion, causing failure in …
overall mood of the market. Investor panic may result in contagion, causing failure in …
Investor flows to asset managers: Causes and consequences
SEK Christoffersen, DK Musto… - Annu. Rev. Financ …, 2014 - annualreviews.org
Cash flows between investors and funds are both cause and effect in a complex web of
economic decisions. Among the issues at stake are the prospects and fees of the funds, the …
economic decisions. Among the issues at stake are the prospects and fees of the funds, the …
Sustainability preferences under stress: Evidence from COVID-19
R Döttling, S Kim - Journal of Financial and Quantitative Analysis, 2024 - cambridge.org
We document fragile demand for socially responsible investments (SRIs) by retail mutual
fund investors. Using COVID-19 as an economic shock, we show funds with higher …
fund investors. Using COVID-19 as an economic shock, we show funds with higher …
Music sentiment and stock returns around the world
This paper introduces a real-time, continuous measure of national sentiment that is
language-free and thus comparable globally: the positivity of songs that individuals choose …
language-free and thus comparable globally: the positivity of songs that individuals choose …
[HTML][HTML] Climate uncertainty and information transmissions across the conventional and ESG assets
This paper examines the effect of climate uncertainty on the spillover effects across the
European conventional and environmental, social, and governance (ESG) financial markets …
European conventional and environmental, social, and governance (ESG) financial markets …