Quynh Trang Nguyen

Nguyen, Quynh Trang; Lindset, Snorre, Eriksen, Sondre Hansen & Skara, Marie (2023)

Can an influential and responsible investor indeed be influential through responsible investments? Evidence from a $1 trillion fund

International Review of Economics and Finance, 89, s. 1120-1135. Doi: https://doi.org/10.1016/j.iref.2023.07.106 - Full text in research archive

Via a case study of Norway’s sovereign wealth fund (GPFG), the world’s largest stockowner, we find that such a high-profile fund can immediately influence market prices through its ESG announcements. After assessing that the product or conduct of a portfolio constituent is in serious contravention of its ethical guidelines, the GPFG can divest from that firm or place it on an observation list and make after-the-fact public announcements. For both cases, we empirically investigate market reactions via the pricing and trading volume of the affected firms’ stocks. Our results show a robust and significant average abnormal return of for the firms on the announcement date. To disentangle the price effects, we condition on the rationale of each announcement and demonstrate that it indeed plays a role. Specifically, firms announced for their conduct face a larger magnitude of price reaction than those announced for their product. We, however, find no evidence of any effect of the announcements on trading volume. Nevertheless, we find some evidence suggesting that higher trading volume and more recent announcements are associated with more negative abnormal returns.

Nguyen, Quynh Trang & Lindset, Snorre (2022)

Transparency Provides Transparency: A Fintech Marketplace for Large Bank Deposits

Social Science Research Network (SSRN), Doi: https://doi.org/10.2139/ssrn.4212455

Nguyen, Quynh Trang; Lindset, Snorre, Eriksen, Sondre Hansen & Skara, Maria (2020)

Can an Influential and Responsible Investor indeed be Influential through Responsible Investments? Evidence from a $1 Trillion Fund

Social Science Research Network (SSRN), Doi: https://doi.org/10.2139/ssrn.3640447

Nguyen, Quynh Trang (2019)

Measuring extreme price risks by different statistical methods: An in-depth analysis in the crude oil market

Social Science Research Network (SSRN), Doi: https://doi.org/10.2139/ssrn.3640738

Lindset, Snorre & Nguyen, Quynh Trang (2023)

Transparency Provides Transparency: A Fintech Marketplace for Large Bank Deposits

[Conference Lecture]. Event

Nguyen, Quynh Trang & Lindset, Snorre (2022)

The Market for Large Bank Deposits: Evidence from a New Fintech Platform

[Conference Lecture]. Event

Nguyen, Quynh Trang; Lindset, Snorre, Eriksen, Sondre Hansen & Skara, Maria (2022)

Can an Influential and Responsible Investor indeed be Influential through Responsible Investments? Evidence from a $1 Trillion Fund

[Conference Lecture]. Event

Nguyen, Quynh Trang (2022)

Monetary Policy Surprise and its Effects on Financial Markets: A Truly/Partly (?) Transparent Case

[Conference Lecture]. Event

Nguyen, Quynh Trang; Lindset, Snorre, Eriksen, Sondre Hansen & Skara, Maria (2022)

Can an Influential and Responsible Investor indeed be Influential through Responsible Investments? Evidence from a $1 Trillion Fund

[Conference Lecture]. Event