Investor climate sentiment and financial markets
نویسندگان
چکیده
We propose to measure investor climate sentiment by performing analysis on StockTwits posts change and global warming. In financial markets, stocks of emission (carbon-intensive) firms underperform clean (low-emission) when is more positive. document investors overreaction risk reversal in longer horizons. Salient but uninformative events, such as the release a report abnormal weather facilitate learning process correction mispricing.
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ژورنال
عنوان ژورنال: International Review of Financial Analysis
سال: 2023
ISSN: ['1873-8079', '1057-5219']
DOI: https://doi.org/10.1016/j.irfa.2023.102490