We evaluate the connection between corporate characteristics and the reaction of stock
returns to COVID-19 cases using data on more than 6,700 firms across 61 economies. The …

Environmental, social and governance (“ESG”) scores have been widely touted as indicators
of share price resilience during the COVID‐19 crisis. Contrary to this conventional wisdom …

We investigate the association between Environmental, Social, and Governance (ESG)
ratings and stock performance during the COVID-19 crisis. Although there is mixed evidence …

We present a comprehensive analysis of the performance and flows of US actively managed
equity mutual funds during the 2020 COVID-19 crisis. We find that most active funds …

This paper analyses the volatility transmission between European Global Systemically
Important Banks (GSIBs) and implied stock market volatility. A Dynamic Conditional …

Robinhood investors increased their holdings in the March 2020 COVID bear market,
indicating an absence of collective panic and margin calls. This steadfastness was rewarded …

We study brokerage platform outages to examine the impact of retail investors on financial
markets. We contrast outages at Robinhood, which caters to inexperienced investors, with …

A growing literature is devoted to understand how companies react to major external shocks.
Contributing to this research, we study how the presence of families in corporate ownership …

We document fragile demand for socially responsible investments (SRIs) by retail mutual
fund investors. Using COVID-19 as an economic shock, we show funds with higher …

Abstract In January 2021, the GameStop stock was the epicenter of the first case of
predatory trading initiated by retail investors. We use brokerage accounts to study who …