Here's a study that shows some evidence for this: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2501480 https://papers.ssrn.com/sol3/papers.cfm?abstract_i

Here's a study that shows some evidence for this: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2501480 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2501480