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【题目】 Green
Preference, Green Investment ( Working Paper , 2023 ) 【摘要】 Based
on Alibaba's renowned green initiative, the Ant Forest program, we develop a
novel measure to reveal an individual investor ’ non-pecuniary green preference and link it to her investment actions. We
present compelling evidence that supports non-financial incentives for
investing in “ green ” mutual
funds while divesting from “ brown ” funds. Concerns over climate physical and regulatory risks further
reinforce this influence. Individuals ’ green
preferences do not lead to financial gains from trading. Moreover, we mitigate
the endogeneity issue by employing the development of local subway network as a
source of variations in green preferences. 【汇报人】谭伟杰(上海财经大学公共经济与管理学院博士研究生) 【时间】 2024 年 11 月 5 日(周二) 20:30-22:00
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