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Air pollution, stock returns, and trading activities in China()

The relationship between air pollution and stock pricing of locally headquartered firms is explored using firm-level data in China. Severe air pollution results in low returns, turnover, volatility, and high illiquidity, mainly through a home bias. The results remain robust after a series of checks....

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Shranjeno v:
Bibliografske podrobnosti
izdano v:Pacific-Basin Finance Journal
Main Authors: Wu, Qinqin, Hao, Ying, Lu, Jing
Format: Artigo
Jezik:Inglês
Izdano: Elsevier B.V. 2018
Teme:
Online dostop:https://ncbi.nlm.nih.gov/pmc/articles/PMC7148903/
https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1016/j.pacfin.2018.08.018
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