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 …

[HTML][HTML] Governing sustainable transformations of urban social-ecological-technological systems

EH Krueger, SM Constantino, MA Centeno… - Npj Urban …, 2022 - nature.com
Cities have grown rapidly—while they provide opportunities for many, they must also
confront pervasive and rising inequality, unsustainable consumption, and growing …

The pricing of carbon risk in syndicated loans: Which risks are priced and why?

T Ehlers, F Packer, K De Greiff - Journal of Banking & Finance, 2022 - Elsevier
Do banks price the risks of climate policy change? Combining syndicated loan data with
carbon intensity data (CO 2 emissions relative to revenue) of borrowers across a wide range …

Real effects of climate policy: Financial constraints and spillovers

SM Bartram, K Hou, S Kim - Journal of Financial Economics, 2022 - Elsevier
We document that localized policies aimed at mitigating climate risk can have unintended
consequences due to regulatory arbitrage by firms. Using a difference-in-differences …

Risks and critical success factors in the internationalization of born global startups of industry 4.0: A social, environmental, economic, and institutional analysis

FL Oliva, PMF Teberga, LIO Testi, M Kotabe… - … Forecasting and Social …, 2022 - Elsevier
Startups in the Brazilian organizational scenario have been growing fast and understanding
these startups' internationalization strategies have been highly relevant. Such startups have …

Green bonds and carbon emissions: exploring the case for a rating system at the firm level

T Ehlers, B Mojon, F Packer - BIS Quarterly Review, September, 2020 - papers.ssrn.com
Green bonds are debt instruments whose proceeds finance projects with various
environmental benefits-including climate change mitigation. So far, however, green bond …

When green meets green

H Degryse, R Goncharenko, C Theunisz… - Journal of Corporate …, 2023 - Elsevier
We investigate whether and how the environmental consciousness (greenness for short) of
firms and banks is reflected in the pricing of bank credit. Using a large international sample …

Corporate governance and pollution externalities of public and private firms

SA Shive, MM Forster - The Review of Financial Studies, 2020 - academic.oup.com
The number of US publicly traded firms has halved in 20 years. How will this shift in
ownership structure affect the economy's externalities? Using comprehensive data on …

Multinationality and the value of green innovation

I Kim, C Pantzalis, Z Zhang - Journal of Corporate Finance, 2021 - Elsevier
When do multinational corporations (MNCs) derive the most from internalizing the transfer of
proprietary technological knowhow? We revisit this question, which lies at the core of …

Dynamics between global value chain participation, CO2 emissions, and economic growth: Evidence from a panel vector autoregression model

J Wang, DS Rickman, Y Yu - Energy Economics, 2022 - Elsevier
Resolving the conflict between economic growth and CO 2 reduction is critical for
sustainable growth. Increasing integration into global value chains (GVCs) is an inevitable …