Disagreement, Tastes, and Asset Prices

By Kathryn Dixon Jost. 2007

504 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/724b0067e87138cbffa903e55d391f688fb5a9e4

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In Economics and Econometrics

Citations in the corpus

Capital Market-Driven Corporate Finance (2009, background): “See, for example, Fama (1998), Shleifer (2000), Barberis & Thaler (2003), and Fama & French (2007) for perspectives on this debate.”
Taste, information, and asset prices: implications for the valuation of CSR (2016, unknown): “Fama and French (2007) provide a framework for asset pricing when investors disagree about fundamentals or have heterogeneous private valuations (i.e., taste).”
Information in Equity Markets with Ambiguity-Averse Investors (2009, background): “As noted by Fama and French (2007), when a group of investors fails to utilize some information, this creates an opportunity to construct portfolios that earn positive abnormal returns.”
Why Do Investors Hold Socially Responsible Mutual Funds?: Why Do Investors Hold Socially Responsible Mutual Funds? (2017, unknown): “Similarly, Fama and French (2007) show in their model that taste for assets can influence stock prices.”
Corporate social responsibility and corporate cash holdings (2016, background): “Investors with a taste for CSR firms no longer view investment in CSR firms as investment assets, but as consumption assets, because they can derive utility from holding these assets rather than from their pay-offs (Fama and French, 2007).”
Investor Protection, Equity Returns, and Financial Globalization (2009, result): “From a theoretical perspective, our point is similar to that of Fama and French (2007) who show that tastes for assets as consumption goods affect asset prices.”
The Impacts of Free Cash Flows and Agency Costs on Firm Performance (2010, unknown): “[27] and Fama and French [33].”
The pricing of green bonds: Are financial institutions special? (2019, unknown): “Ghoul et al. (2011) find a similar result for firms with higher environmental performance, measured by the environmental component of the corporate social responsibility index.”
Mandatory CSR and sustainability reporting: economic analysis and literature review (2019, background): “One reason to analyze effects on investor portfolio holdings is that investors can have different tastes for CSR activities (e.g., Fama and French 2007; Friedman and Heinle 2016).”
Fossil Fuel Divestment and Portfolio Performance (2018, background): “…sin stocks, a reduction of demand for fossil fuel company stocks and excess demand for non-fossil stocks can be expected to reduce prices of the former category (underpricing) and increase prices of the latter (overpricing) (Dam and Scholtens, 2015; Fama and French, 2007; Heinkel et al., 2001).”