This paper contrasts the investment behavior of different financial institutions in debt
securities as a response to past returns. For identification, I use unique security-level data …

We examine the effect of funding liquidity changes on futures market liquidity, depending on
economic sentiment. Futures market liquidity improves following negative funding liquidity …

University endowments invest for future generations, so their strategy should reflect their
long horizon. We researched whether they really do behave like long-term investors. We …

This paper contributes to the literature by empirically documenting the importance of investor
heterogeneity and security level characteristics for international investment positions. We …

We study how pension fund (out) performance is influenced by a) a pension fund's activity,
ie, how much the pension fund deviates in its stock allocation from typical pension fund …

This study investigates the asymmetric and time-varying effects of trade policy uncertainty
(TPU) on China's insurance premiums by applying the bivariate cross-quantilogram …

Our paper explores whether Chinese insurance companies exhibit a local preference in
deciding their equity portfolios and the incentive of this preference. Our research finds that …

With the adoption of the Paris Agreement in December 2015, better understanding of
portfolio carbon dioxide (CO2) exposures has become increasingly important for investors …

This paper examines the impact of the pandemic outbreak on Italian insurers' investment
decisions between 2017 and 2020. By adopting a unique security-by-security holding …

This study examines the effect of the investment portfolio structure on insurers' solvency, as
measured by the Solvency Capital Requirement ratio. An empirical sample of 88 EU-based …