User profiles for L. Kostovetsky
Leonard KostovetskyBaruch College Verified email at baruch.cuny.edu Cited by 3382 |
Are red or blue companies more likely to go green? Politics and corporate social responsibility
A Di Giuli, L Kostovetsky - Journal of financial economics, 2014 - Elsevier
… In our panel of firms, we use a pooled OLS regression to estimate the following equation:(1)
K L D S c o r e i , t = α + β P o l i t i c a l E n v i r o n m e n t i , t + δ X i , t + I n d u s t r y D u m m …
K L D S c o r e i , t = α + β P o l i t i c a l E n v i r o n m e n t i , t + δ X i , t + I n d u s t r y D u m m …
Red and blue investing: Values and finance
H Hong, L Kostovetsky - Journal of financial economics, 2012 - Elsevier
Using data on the political contributions and stock holdings of US investment managers, we
find that mutual fund managers who make campaign donations to Democrats hold less of …
find that mutual fund managers who make campaign donations to Democrats hold less of …
Digital tulips? Returns to investors in initial coin offerings
H Benedetti, L Kostovetsky - Journal of Corporate Finance, 2021 - Elsevier
We analyze a dataset of 2390 completed ICOs, which raised a total of $12 billion in capital,
nearly all since January 2017. We find evidence of significant ICO underpricing, with average …
nearly all since January 2017. We find evidence of significant ICO underpricing, with average …
Index mutual funds and exchange-traded funds
L Kostovetsky - Journal of Portfolio Management, 2003 - search.proquest.com
Exchange-traded funds have proliferated in the last five years, but have not yet received
much attention in the academic literature. The author explains the major differences between …
much attention in the academic literature. The author explains the major differences between …
Political capital and moral hazard
L Kostovetsky - Journal of Financial Economics, 2015 - Elsevier
This paper examines how political connections affect risk exposure of financial institutions.
Using a geography-based measure, I find that politically connected firms have higher …
Using a geography-based measure, I find that politically connected firms have higher …
Whom do you trust?: Investor-advisor relationships and mutual fund flows
L Kostovetsky - The Review of Financial Studies, 2016 - academic.oup.com
I provide a measure for the value that investors place on trust and relationships in asset
management by examining mutual fund flows around announced changes in the ownership of …
management by examining mutual fund flows around announced changes in the ownership of …
You're fired! New evidence on portfolio manager turnover and performance
L Kostovetsky, JB Warner - Journal of Financial and Quantitative …, 2015 - cambridge.org
… This paper was written while Kostovetsky was at the University of Rochester. … We use a
hand-gathered data set for manager characteristics such as age and education (see Kostovetsky (…
hand-gathered data set for manager characteristics such as age and education (see Kostovetsky (…
Measuring innovation and product differentiation: Evidence from mutual funds
L Kostovetsky, JB Warner - The Journal of Finance, 2020 - Wiley Online Library
We study innovation and product differentiation using a uniqueness measure based on textual
analysis of prospectuses. We find that small and start‐up families have higher start rates …
analysis of prospectuses. We find that small and start‐up families have higher start rates …
Common institutional ownership and diffusion of innovation
L Kostovetsky, A Manconi - Available at SSRN 2896372, 2020 - papers.ssrn.com
We investigate how institutional ownership affects the diffusion of innovation. We find that a
higher intensity of patent citations among firms that share institutional owners. We address …
higher intensity of patent citations among firms that share institutional owners. We address …
Brain drain: Are mutual funds losing their best minds?
L Kostovetsky - Quarterly Journal of Finance, 2017 - World Scientific
I investigate the effect of labor market competition from hedge funds on the mutual fund
industry. I find evidence of an increasing flight of top-performing young managers from mutual …
industry. I find evidence of an increasing flight of top-performing young managers from mutual …