IDEAS home Printed from https://ideas.repec.org/a/now/jnlrcf/114.00000059.html
   My bibliography  Save this article

Climate Change Fear: Natural Disasters and Investor Behavior

Author

Listed:
  • Franco Fiordelisi
  • Giuseppe Galloppo
  • Viktoriia Paimanova

Abstract

Although an increasing number of papers analyze losses due to natural disasters, there is no evidence that climate change events have an impact on Sustainable Investment Decisions. Our paper proves, by using data on natural disasters, that these natural disasters have a substantial influence on the returns of Exchange-traded Funds (ETF), showing that investors react to natural disasters by investing in sustainable financial products. Our findings suggest that large-scale natural disasters significantly increase investors’ preferences for sustainable ETFs. Finally, we also provide evidence that investors’ sentiment toward the sustainability theme has changed over time.

Suggested Citation

  • Franco Fiordelisi & Giuseppe Galloppo & Viktoriia Paimanova, 2024. "Climate Change Fear: Natural Disasters and Investor Behavior," Review of Corporate Finance, now publishers, vol. 4(1–2), pages 17-45, April.
    • Handle: RePEc:now:jnlrcf:114.00000059
    DOI: 10.1561/114.00000059
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1561/114.00000059
    Download Restriction: no
    File URL: https://libkey.io/10.1561/114.00000059?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:now:jnlrcf:114.00000059. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Lucy Wiseman (email available below). General contact details of provider: http://www.nowpublishers.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.