Based on the data of China’s green bond market, this paper selects companies that issue bonds in A-share listed from 2015 to 2021 and other industry as research objects explore impact mechanism issuance corporate value. Through empirical analysis, it is verified can enhance value issuing enterprises, further tests mediating effect institutional investors’ shareholding between

~ S ocially responsible investing (SRI) is moving into the mainstream of institutional investment management, but not uniformly and not without doubt. A 2004 Mercer survey reveals that 89% of investment managers in Asia and 69% of investment managers in Europe believe that SRI would be in the investment mainstream in the coming ten years, but only 36% of investment managers in the U.S. share th...

This study tests the Miller (1977) hypothesis as an explanation for stock price behavior around technology firms’ earnings announcements during the late 1990s. Specifically, we examine whether the anomalous tendency for stock prices to increase (decrease) before (after) earnings announcements during this period is associated with an increase (decrease) in investor disagreement before (after) th...

a r t i c l e i n f o Keywords: Trading volume Buy–sell imbalance Financial crisis We confirm that investors in different categories have different trading patterns caused by attention-grabbing factors. Stocks with extreme one-day returns catch the attention of both individual and institutional investors. Individual investors are net buyers of losers whereas institutional investors are net buye...

This paper studies herding behavior of institutional investors in international markets. First, we document the existence of wide-spread herding in 41 countries (referred to as ‘‘target countries’’ hereafter) in the sample. We then examine the relation between contemporaneous institutional demand and future returns and find that institutional herding stabilizes prices. Next, we examine the rela...

SUMMER 2004 O ver the past 30 to 40 years, a generally accepted approach has evolved for the management of institutional investment funds. Today we see an effort to adapt this approach to managing the funds of individual investors. The impetus behind this initiative is surely a laudable one—to improve the investment experience and outcomes of individuals by adapting the best practices validated...