{"id":4464,"date":"2024-04-17T12:30:46","date_gmt":"2024-04-17T10:30:46","guid":{"rendered":"https:\/\/bifelab.com\/area-di-ricerca\/sfdr-investor-attention-and-european-financial-markets\/"},"modified":"2024-04-17T12:30:46","modified_gmt":"2024-04-17T10:30:46","slug":"sfdr-investor-attention-and-european-financial-markets","status":"publish","type":"avada_portfolio","link":"https:\/\/bifelab.com\/en\/area-di-ricerca\/sfdr-investor-attention-and-european-financial-markets\/","title":{"rendered":"SFDR, investor attention, and European financial markets"},"content":{"rendered":"<p><strong>Highlights<\/strong><br \/>\n\u2022 This study investigates whether investor attention toward the sustainable finance disclosure regulation (SFDR) leads European financial markets during the years 2019\u20132022.<br \/>\n\u2022 To identify the investor attention towards the SFDR we use the Google search volume index.<br \/>\n\u2022 Results suggest investor attention has a strong predictive power on the financial markets, mostly during bearish and normal market conditions.<br \/>\n\u2022 The sensitivity at lower-middle quantiles suggests that regulation may mostly affect financial markets when other negative conditions occur (e.g., geopolitical uncertainty or pandemic emergency).<br \/>\n<strong>Abstract<\/strong><br \/>\nThis study investigates whether investor attention to the Sustainable Finance Disclosure Regulation (SFDR) leads European financial markets during the years 2019\u20132022. Using the nonparametric causality-in-quantiles method, results suggest investor attention has a strong predictive power on the financial markets, mostly during bearish and normal market conditions. Findings are robust to several alternative tests. Our research contributes to the literature on the link between investor attention and financial markets, and on the sustainable finance research stream, with relevant implications for asset managers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cite: G. Birindelli, H. Chiappini, Raja Nabeel-Ud-Din Jalal (2023), SFDR, investor attention, and European financial markets, Finance Research Letters, 56, 104135, ISSN:\u00a01544-6123 (print); 1544-6131 (web), https:\/\/doi.org\/10.1016\/j.frl.2023.104135<\/p>\n","protected":false},"author":5,"featured_media":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"portfolio_category":[99],"portfolio_skills":[],"portfolio_tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SFDR, investor attention, and European financial markets - BifeLab<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bifelab.com\/en\/area-di-ricerca\/sfdr-investor-attention-and-european-financial-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SFDR, investor attention, and European financial markets - BifeLab\" \/>\n<meta property=\"og:description\" content=\"Cite: G. 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