Paper Infomation
Analysis of Performance Sensitivity of Green Fund Investors — An Empirical Study Based on Semi Parametric Model
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Author: Mingwei Dong
Abstract: Studying the relationship between green fund performance and net capital inflow is helpful to analyze the redemption behavior and investment stickiness of investors in China's green fund market. This paper constructs a semi parametric additive model based on the comprehensive consideration of the linear and nonlinear relationship between the two, and analyzes the redemption behavior and investment stickiness of green fund investors in China from a dynamic nonlinear perspective. The results show that Chinese green fund investors can not only adjust their redemption behavior rationally according to the performance changes, but also have lower performance sensitivity.
Keywords: Green Fund, Semi Parametric Additive Model, Investor Behavior, Performance Sensitivity
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