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 …

What do mutual fund investors really care about?

I Ben-David, J Li, A Rossi, Y Song - The Review of Financial …, 2022 - academic.oup.com
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 …

Impact of behavioral factors on investors' financial decisions: case of the Egyptian stock market

N Metawa, MK Hassan, S Metawa… - International Journal of …, 2019 - emerald.com
Purpose This paper aims to investigate the relationship between investors' demographic
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) …

Which factors matter to investors? Evidence from mutual fund flows

BM Barber, X Huang, T Odean - The Review of Financial Studies, 2016 - academic.oup.com
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 …

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 …

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 …

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 …

Music sentiment and stock returns around the world

A Edmans, A Fernandez-Perez, A Garel… - Journal of Financial …, 2022 - Elsevier
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 …

[HTML][HTML] Climate uncertainty and information transmissions across the conventional and ESG assets

O Cepni, R Demirer, L Pham, L Rognone - Journal of International …, 2023 - Elsevier
This paper examines the effect of climate uncertainty on the spillover effects across the
European conventional and environmental, social, and governance (ESG) financial markets …