Do Fund Managers Misestimate Climatic Disaster Risk
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DOI: 10.1093/rfs/hhz143
Abstract: We examine whether professional money managers overreact to large climatic disasters. We find that managers within a major disaster region underweight disaster zone stocks to a much greater degree than distant managers and that this… read more here.
Keywords: fund managers; climatic disaster; managers misestimate; misestimate climatic ... See more keywords