Climate change risk and the cost of mortgage credit
We show that lenders charge higher interest rates for mortgages on properties exposed to a
greater risk of sea level rise (SLR). This SLR premium is not evident in short-term loans and …
greater risk of sea level rise (SLR). This SLR premium is not evident in short-term loans and …
Panic selling when disaster strikes: Evidence in the bond and stock markets
TD Huynh, Y Xia - Management Science, 2023 - pubsonline.informs.org
This study uses disaggregated establishment-level data to identify a firm's exposure to
physical climate risk and examines investors' reaction to natural disasters in both the US …
physical climate risk and examines investors' reaction to natural disasters in both the US …
Climate transition risk and bank performance: Evidence from China
S Li, Z Pan - Journal of Environmental Management, 2022 - Elsevier
Under the “carbon peaking and carbon neutrality goals”, China's commercial banks are
facing a severe climate transition risk. This paper proposes a climate transition risk …
facing a severe climate transition risk. This paper proposes a climate transition risk …
A one-two punch to the economy: Climate vulnerability and corporate innovation strategies
F Li, C Lin, TC Lin - Available at SSRN 3777313, 2023 - papers.ssrn.com
This paper investigates the relationship between country-level climate vulnerability and firm
innovation using a sample of 60,028 firms from 88 countries during 1995-2019. Our analysis …
innovation using a sample of 60,028 firms from 88 countries during 1995-2019. Our analysis …
[PDF][PDF] Carbon emissions and shareholder value: Causal evidence from the us power utilities
M Kumar, A Purnanandam - Available at SSRN 4279945, 2022 - aeaweb.org
We establish a causal link between carbon emissions and shareholder value using the
passage of the Regional Greenhouse Gas Initiative (RGGI) that imposed a cap-and-trade …
passage of the Regional Greenhouse Gas Initiative (RGGI) that imposed a cap-and-trade …
Managing climate change risks: Sea level rise and mergers and acquisitions
As climate has changed over the last 4 decades so has awareness of the severe
consequences that such changes can bring. Most companies, however,“are underestimating …
consequences that such changes can bring. Most companies, however,“are underestimating …
Carbon risk exposure in the mutual fund industry
We construct a novel carbon risk measure to assess mutual funds' carbon risk exposure
based on mutual fund holding data and further explore how such exposure affects mutual …
based on mutual fund holding data and further explore how such exposure affects mutual …
Flooded credit markets: physical climate risk and small business lending
L Barbaglia, S Fatica, C Rho - 2023 - econstor.eu
We document that European banks charge higher interest rates on loans granted to small
and medium-sized firms located in areas at high risk of flooding. At 6 basis points, the …
and medium-sized firms located in areas at high risk of flooding. At 6 basis points, the …
Climate risk and corporate payout policies around the world
Using a large sample of firms from 45 countries, we find that firms in countries with high
climate risk reduce their cash dividends but increasingly use share repurchases to make …
climate risk reduce their cash dividends but increasingly use share repurchases to make …
Climate risk and financial stability: evidence from syndicated lending
We study the impact of unexpected climate shocks on banks' individual and systemic risks.
Employing climate risk measures developed using the Billion-Dollar Weather and Climate …
Employing climate risk measures developed using the Billion-Dollar Weather and Climate …