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6月13日,郭萌萌(西南财经大学)
发布时间:2019-06-10   发布人:zs   点击数:666

报告人:郭萌萌,西南财经大学

时间:2019年6月13日(周四)下午1:30-3:00

地点:博学楼1222教室

题目:Does Air Pollution Influence Investor Trading Behavior? Evidence from China

ABSTRACT: Building on research linking environmental factors to investor sentiment, we posit that there is a negative relation between air pollution and individual trading strategy. Analyzing the unique individual transaction data from Snowball, our results show that the air pollution negatively influences individual investors’ propensity to buy, however, it positively influences investors’ propensity to sell. Our results show obvious heterogeneous effects across different characteristics of stocks, investors and cities. The effects are even larger for investors with less investing experience and living in the heavily polluted cities. Moreover, our results hold across alternative measures of air pollution. This study is the first to establish an association between air pollution and individual transaction information in China.

讲座人简介:郭萌萌,西南财经大学经济与管理研究院副教授。2012年毕业于德国柏林洪堡大学,获得经济学博士学位。主要研究方向为应用计量经济学、环境经济学。发表多篇国内外知名期刊论文。研究成果主要发表在Emerging Markets Review,Journal of Forecasting,Statistics and Computing,Review of Development Economics,Journal of Sports Economics, 金融研究等期刊。主持国家自然科学基金面上项目和青年项目各一项。长期担任Journal of Business and Economics Statistics, China Economic Review,Emerging Markets Review等期刊的匿名审稿人。

 

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