This paper investigates if risk seeking investors substitute gambling activities for stock markets participation when volatility increases in stock markets. Using a large cross-section dataset of 20
projects) as well as the ASEAN SBS (i.e. projects which involve activities that pose a negative social impact related to alcohol, gambling, tobacco and weaponry).
2016 2017 DW Trading Value (Mil. THB) Index DW Trading Value (Mil. THB) Recall: Option price consists of 2 components. Intrinsic value + Time (betting) value 5 Factor Calls Puts Note Asset price (S
a negative social impact related to alcohol, gambling, tobacco and weaponry are excluded CASE STUDIES 9 ICBC’s first green bond ▪ Industrial and Commercial Bank of China (ICBC), the largest bank in
activities that pose a negative social impact related to alcohol, gambling, tobacco and weaponry are excluded from the ASEAN SBS. Issuers are also encouraged to develop a list of additional ineligible projects
use “shortcuts” in their investment decisions. • Brown and Yang (2016) analyze horse race betting data and find greater propensity to quote odds at round numbers, which they suggest is reflective of
betting-against-beta portfolio proposed by Frazzini and Pedersen (2014), shedding light on one potential source of the low-beta anomaly.19 In this article, we investigate the source of the low-beta anomaly
. 5 The 17 controversial activities screened by Vigeo Eiris are: Alcohol, Animal welfare, Cannabis, Chemicals of concern, Civilian firearms, Fossil Fuels industry, Coal, Gambling, Genetic engineering
actively excluding controversial weapons, alcohol, tobacco, gambling, adult entertainment, thermal coal involvement, UN Compact ViolatorsAchieving positive impact via three main portfolio themes: ➢ Climate