Red and Blue Investing: Values and Finance

By Harrison G. Hong, Leonard Kostovetsky. 2012

647 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/edea9810778b289ae23b873d06c4e0f0532708c7

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Citations in the corpus

Hedging Climate Change News (2019, positive): “Following Hong and Kostovetsky (2012), we calculate an overall environmental score for each firm by subtracting the total scores in the negative environmental sub-categories from the total scores in positive environmental sub-categories.”
Why and How Investors Use ESG Information: Evidence from a Global Survey (2018, neutral): “A few studies find underperformance of SRI funds (Hong and Kostovetsky 2012) and that this is concentrated in funds that use more screens in their investment process (Barnett and Salomon 2006).”
Presidential Address: Social Transmission Bias in Economics and Finance (2020, neutral): “5 See, for example, Grinblatt and Keloharju (2001), Barro and McCleary (2003), Guiso, Sapienza, and Zingales (2003, 2004), Hong and Kacperczyk (2009), Hong and Kostovetsky (2012), and Graham et al. (2019).”
Corporate Goodness and Shareholder Wealth (2015, methodology): “First, I measure agency concerns in the spirit of Jensen (1986) by focusing on book leverage and liquidity.”
Get Real! Individuals Prefer More Sustainable Investments (2018, neutral): “Previous findings show that investors value sustainability in their investment decisions (Bollen, 2007; Hong and Kostovetsky, 2012; Barber et al., 2018; Hartzmark and Sussman, 2018).”
Stakeholder relations and stock returns: On errors in investors' expectations and learning (2013, background): “g, Hong and Kostovetsky (2010) and Jiao (2010)).”
Are Red or Blue Companies More Likely to Go Green? Politics and Corporate Social Responsibility (2014, neutral): “…found that 96% of Democrats believe Congress should ensure that companies address social issues, compared to 65% of Republicans.7 In addition, Hong and Kostovetsky (2010) show a significant difference between Democratic and Republican investment managers in their portfolio holdings of…”
Corporate Policies of Republican Managers (2014, neutral): “Similar to Hong and Kostovetsky (2012), we assign REPMGR a value of zero to managers who never make a political contribution.11 To illustrate, consider a manager who makes donations in five out of nine election cycles over our sample period.”
Political contributions and analyst behavior (2015, positive): “Similar to the recent finance literature that studies the political orientation of fund managers (Hong and Kostovetsky 2012) and corporate managers (Hutton et al. 2014), we use the political donations of analysts during the entire sample period to identify the degree of conservatism of analysts.”