【Workshop for MLinEcon第115期】Green Preference, Green Investment

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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 ………………………………