主题：Are We Becoming Greener? Life-time Experiences and Responsible Investment

主讲：王刚  上海财经大学会计学院

时间：2021年12月2日下午13点

地点：腾讯会议：432 953 669

报告摘要：

We study the determinants and the patterns of ESG investing by exploiting account-level data, which provide detailed information on individual investors’ characteristics and trading over time. We show that investors’ pro-social attitudes affect ESG demand and that these attitudes are shaped by economic and non-economic life-time experiences, such as growing up in good times, being exposed to an increased level of pollution or to a natural disaster. Recent experiences tend to matter more, and non-economic experiences are particularly important to explain how investors change their attitudes during their trading life. We also show that investors display distinct trading patterns between their ESG and non-ESG stocks, which helps explaining stock market dynamics.

主讲人简介：

王刚，上海财经大学会计学院助理教授，图卢兹经济学院经济学博士（金融经济学）。主要研究兴趣为资本市场金融与会计、公司金融等，已有研究成果被管理学国际一流学术期刊Management Science接收待发表。