Conference Agenda

Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).

Please note that all times are shown in the time zone of the conference. The current conference time is: 13th May 2024, 08:42:09pm EDT

 
 
Session Overview
Session
Track M6-2: ESG: Preferences and Policies
Time:
Monday, 20/May/2024:
9:30am - 10:15am

Session Chair: Lorenzo Garlappi, UBC
Discussant: Sebastien Betermier, McGill University
Location: Room 1203


Show help for 'Increase or decrease the abstract text size'
Presentations

A Breath of Change: Can Personal Exposures Drive Green Preferences?

Steffen Andersen1, Dmitry Chebotarev2, Fatima Zahra Filali-Adib3, Kasper Meisner Nielsen3

1Danmarks Nationalbank; 2Indiana University Bloomington; 3Copenhagen Business School

Are investors’ preferences for responsible investing affected by their idiosyncratic personal experiences? Using a comprehensive dataset for hospital visits and the information on portfolio holdings by retail investors in Denmark, we show that when an investor’s child is diagnosed with a respiratory disease, the investor decreases (increases) portfolio weights of “brown” (“green”) stocks but does not alter their holdings of ESG funds. Consistent with parents attributing respiratory diseases to air pollution, we find no effects for non-respiratory diseases. The results are stronger for more severe diseases and are entirely driven by parents who live with their children.


Andersen-A Breath of Change-1563.pdf


 
Contact and Legal Notice · Contact Address:
Privacy Statement · Conference: SFS Cavalcade NA 2024
Conference Software: ConfTool Pro 2.6.149
© 2001–2024 by Dr. H. Weinreich, Hamburg, Germany