Zobrazeno 1 - 4
of 4
pro vyhledávání: '"Chelsea Yaqiong Yao"'
Publikováno v:
SSRN Electronic Journal.
Environmental, social, and governance (ESG) ratings are increasingly popular in financial markets and for policy making. We show that firms held by the same investors who own the rater (“sister firms”) receive higher ESG ratings. Exogenously crea
Publikováno v:
SSRN Electronic Journal.
This study empirically explores the dynamic relation between the environmental and social (ES) performance of a firm and its stock market returns. We find robust evidence that worse stock market performance increases firms’ efforts on ES activities
Publikováno v:
SSRN Electronic Journal.
Our study is among the first to examine the net asset value (NAV) inflation practices of fund managers in China, finding that equity funds bolster their portfolios at quarter‐end and especially year‐end. In support of the NAV inflation hypothesis
Publikováno v:
SSRN Electronic Journal.
We document a strong systematic component in the aggregate underperformance of active mutual funds. On average, active funds underperform the market and other benchmark portfolios only in the first month of a quarter. This intra-quarter pattern remai