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 …

Transitioning to a low‐carbon economy will entail sweeping transformations of energy and
economic systems. A growing research body has raised concerns about the effect of such …

This study discusses the effect of environmental, social, and governance (ESG) disclosure
on corporate financial performance. This study uses a sample of non-financial listed …

This paper assesses different econometric approaches to working with count-based
outcome variables and other outcomes with similar distributions, which are increasingly …

We examine whether the local press is an effective monitor of corporate misconduct.
Specifically, we study the effects of local newspaper closures on violations by local facilities …

This paper studies the asset pricing implications of industrial pollution. A long‐short portfolio
constructed from firms with high versus low toxic emission intensity within an industry …

We investigate how fintech development affects carbon emissions using the panel data of
253 prefecture-level cities in China from 2011 to 2019. We employ the city-level digital …

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 …

We show that banking relationships promote corporate environmental, social, and
governance (ESG) policies. Specifically, banks are more likely to grant loans to borrowers …

The analysis of the impact of central environmental protection inspection (CEPI) on
corporate environmental, social, and governance (ESG) performance is important for …