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Lin Ma

Lin Ma
Current Position

since 10/21

Economist in the Department of Laws, Regulations and Factor Markets

Halle Institute for Economic Research (IWH) – Member of the Leibniz Association

Research Interests
  • corporate finance
  • financial intermediation
  • investment management

Lin Ma joined the Department of Laws, Regulations and Factor Markets as a doctoral student in October 2021. His research focuses on corporate finance, financial intermediation, and investment management.

Lin Ma received his bachelor's degree from McGill University and his master's degree from Copenhagen Business School.

Your contact

Lin Ma
Lin Ma
- Department Laws, Regulations and Factor Markets
Send Message +49 345 7753-880 LinkedIn profile

Publications

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Out of Sight, out of Mind: Divestments and the Global Reallocation of Pollutive Assets

Tobias Berg Lin Ma Daniel Streitz

in: Journal of Financial Economics, Vol. 182 (August), 2026

Abstract

We document a global reallocation of pollutive assets as a response to investor pressure: large firms facing increased investor pressure divest foreign-located pollutive assets to firms that are less in the limelight. There is no evidence of increased engagement in any other emission reduction activities. We estimate that 369 million metric tons (mt) of CO2e are reallocated via divestments in the post-Paris Agreement period. Our results indicate that investor pressure to decarbonize reshapes the global conglomerate structure of large firms.

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