000168285 001__ 168285
000168285 005__ 20260202151222.0
000168285 0247_ $$2doi$$a10.1002/bse.70458
000168285 0248_ $$2sideral$$a147789
000168285 037__ $$aART-2025-147789
000168285 041__ $$aeng
000168285 100__ $$0(orcid)0000-0003-3661-5448$$aAndreu, Laura$$uUniversidad de Zaragoza
000168285 245__ $$aMedia attention to climate change and investor flows in us equity mutual funds
000168285 260__ $$c2025
000168285 5060_ $$aAccess copy available to the general public$$fUnrestricted
000168285 5203_ $$aThis paper investigates how climate‐related news influences mutual fund investor behaviour in the United States. Although prior research has documented the financial relevance of climate risks, little is known about how media attention to climate change shapes capital allocation across mutual funds. Using a sample of 1352 actively managed US equity mutual funds from January 2000 to June 2023, we analyse the persistence of portfolio carbon risk and its role in investor decision‐making. Our findings reveal that mutual funds' carbon risk profiles remain persistent over time, enabling investors to anticipate future exposures. Moreover, heightened media coverage of climate change significantly affects investor flows: Climate news reduces inflows into high‐carbon risk funds while supporting flows towards low‐carbon risk funds, particularly in the latter years of the sample. These effects hold after controlling for fund characteristics and performance and are robust to alternative measures of climate coverage and investor flows. By linking climate news to investor capital allocation, this study contributes to the literature on sustainable finance and highlights the growing importance of media‐driven climate awareness in shaping investment preferences.
000168285 536__ $$9info:eu-repo/grantAgreement/ES/DGA/S38-23R$$9info:eu-repo/grantAgreement/ES/MICINN/PID2020-159788NB-I00$$9info:eu-repo/grantAgreement/ES/MICINN/PID2020-115450GB-I00$$9info:eu-repo/grantAgreement/ES/MICINN PID2022-136818NB-I00/AEI/10.13039/501100011033
000168285 540__ $$9info:eu-repo/semantics/openAccess$$aby-nc-nd$$uhttps://creativecommons.org/licenses/by-nc-nd/4.0/deed.es
000168285 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion
000168285 700__ $$ade Mingo-López, Diego Víctor
000168285 700__ $$aMatallín-Saez, Juan Carlos
000168285 700__ $$0(orcid)0000-0001-6078-0465$$aSarto, José Luis$$uUniversidad de Zaragoza
000168285 7102_ $$14002$$2230$$aUniversidad de Zaragoza$$bDpto. Contabilidad y Finanzas$$cÁrea Economía Finan. y Contab.
000168285 773__ $$g(2025), [22 pp.]$$pBus. strat. environ.$$tBusiness Strategy and the Environment$$x0964-4733
000168285 8564_ $$s1462392$$uhttps://zaguan.unizar.es/record/168285/files/texto_completo.pdf$$yVersión publicada
000168285 8564_ $$s2307554$$uhttps://zaguan.unizar.es/record/168285/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada
000168285 909CO $$ooai:zaguan.unizar.es:168285$$particulos$$pdriver
000168285 951__ $$a2026-02-02-14:39:59
000168285 980__ $$aARTICLE