A carregar...
Publicação
Between profit and morality. Evidence from Robinhood investors trades in sin stocks
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 4.04 MB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
This paper aims to study the behavior of Robinhood investors in the “Triumvirate of Sin” sectors,
meaning tobacco, alcohol and casinos. The analysis includes several factors such as companies’
fundamentals, market sentiment, Google Trends and analyst coverage. Although sin industries are
often studied collectively due to their similarities, my model portrays a different scenario for the
three businesses, which is closely tied to the severity of the pandemic. In particular, a boost in the
number of traders per day comes with an increase in share price only for the tobacco and alcohol
sectors, while gambling has been adversely affected by the shutdowns of casinos, leading to a
drastic drop in earnings.
Descrição
Palavras-chave
Fintech Robinhood Retail investors Behavioral finance Sin stocks