Abstract
This paper detects the Carbon-Peak Policy effect on energy funds' network herding measured by a mixed network centrality and the herding effect on profitability and stability using a sample of 231 funds in China between 2008 and 2019. By examining the dynamic changes of the network topological structure and module characteristics, we find a significant presence of the post-CPP network herding in the energy funds. Our results indicate a positive post-CPP network herding effect on the energy funds' profitability and risk resistance in the short term. However, the positive post-CPP network herding effect reverses in the detection of the long-run stability. In contrast, it triggers larger systemic risks. Moreover, the network herding effect appears to exhibit merely in small-size funds.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
