[HTML][HTML] Climate finance
In this article, we review the literature studying interactions between climate change and
financial markets. We first discuss various approaches to incorporating climate risk in …
financial markets. We first discuss various approaches to incorporating climate risk in …
Climate change, risk factors and stock returns: A review of the literature
A Venturini - International Review of Financial Analysis, 2022 - Elsevier
This article reviews how climate change could be considered an additional source of market
risk. I discuss the types of data needed to analyse the climate risk drivers that shape the …
risk. I discuss the types of data needed to analyse the climate risk drivers that shape the …
Dissecting green returns
Green assets delivered high returns in recent years. This performance reflects unexpectedly
strong increases in environmental concerns, not high expected returns. German green …
strong increases in environmental concerns, not high expected returns. German green …
Presidential Address: Sustainable Finance and ESG Issues—Value versus Values
LT Starks - The Journal of Finance, 2023 - Wiley Online Library
In this address, I discuss differences across investor and manager motivations for
considering sustainable finance—value versus values motivations—and how these …
considering sustainable finance—value versus values motivations—and how these …
What do you think about climate finance?
J Stroebel, J Wurgler - Journal of Financial Economics, 2021 - Elsevier
We survey 861 finance academics, professionals, and public sector regulators and policy
economists about climate finance topics. They identify regulatory risk as the top climate risk …
economists about climate finance topics. They identify regulatory risk as the top climate risk …
Measuring climate policy uncertainty
K Gavriilidis - Available at SSRN 3847388, 2021 - papers.ssrn.com
This study presents a new measure of uncertainty related to climate policy, based on news
from major US newspapers. The Climate Policy Uncertainty (CPU) index spikes near …
from major US newspapers. The Climate Policy Uncertainty (CPU) index spikes near …
Climate policy uncertainty and the price dynamics of green and brown energy stocks
Using the newly proposed textual-based climate policy uncertainty index of Gavriilidis
(2021), we provide the first empirical evidence that climate policy uncertainty is a significant …
(2021), we provide the first empirical evidence that climate policy uncertainty is a significant …
The role of ESG performance during times of financial crisis: Evidence from COVID-19 in China
We examine the role of ESG performance during market-wide financial crisis, triggered in
response to the COVID-19 global pandemic. The unique circumstances create an inimitable …
response to the COVID-19 global pandemic. The unique circumstances create an inimitable …
Firm‐level climate change exposure
We develop a method that identifies the attention paid by earnings call participants to firms'
climate change exposures. The method adapts a machine learning keyword discovery …
climate change exposures. The method adapts a machine learning keyword discovery …
Inside the ESG ratings:(Dis) agreement and performance
We analyze the ESG rating criteria used by prominent agencies and show that there is a lack
of a commonality in the definition of ESG (i) characteristics,(ii) attributes and (iii) standards in …
of a commonality in the definition of ESG (i) characteristics,(ii) attributes and (iii) standards in …