https://orcid.org/0000-0001-6824-6435
![Sample our Economics, Finance,Business & Industry journals, sign in here to start your access, latest two full volumes FREE to you for 14 days]({"type":"image" , "src" : "/sda/5931/TOC-Subject-Sample-2021-Economics-Finance-Business-Industry.jpg"})
ABSTRACT
The COVID-19 pandemic has led global investors to draw a parallel between pandemics and climate risk, focusing their attention on climate risk. We examine COVID-19’s effect on investors’ awareness of climate risk by analysing novel trading data for Korean-listed firms that include investor information. We observe that institutional investors divest from high-emission firms during the market crash induced by the COVID-19 pandemic, whereas individual investors do not, suggesting that investor attention to climate risk is heterogeneous.
Disclosure statement
No potential conflict of interest was reported by the authors.
Acknowledgments
We appreciate the helpful comments and support from Christo Auret (Editor-in-chief), Robert Vivian (Editor), Joseph Fung (Editor), Robert Webb, Bart Frijns, Jiyoon Lee, Wonku Hong, and all participants of the “2022 SKKU International Conference: Trends in Digital Economy and Finance Sungkyunkwan University, Seoul, Korea Date: May 13, 2022”.