Measuring the climate risk exposure of insurers

H Jung, RF Engle, S Ge, X Zeng - 2023 - econstor.eu
Insurance companies can be exposed to climate-related physical risk through their
operations and to transition risk through their $12 trillion of financial asset holdings. We …

The financial anatomy of climate solutions: A large language model approach to company classification and analysis

G Serafeim - 2024 - papers.ssrn.com
Leveraging advancements in large language models (LLM), we study the financial
characteristics of firms offering climate solutions-products and services aimed at fostering a …

Heat stress and commercial real estate returns

CC Chiang, Z Feng, D Harrison - Available at SSRN 4150066, 2022 - papers.ssrn.com
We investigate the relation between heat stress (abnormal temperature) and the return on
US commercial real estate (CRE). Using temperature data from the National Oceanic and …

Perceptions of Climate Change and the Pricing of Disaster Risk in Commercial Real Estate

S Sirmans, GS Sirmans, G Smersh… - Available at SSRN …, 2024 - papers.ssrn.com
This study investigates the relationship between natural disaster risk and capitalization rates
(cap rates) in the US commercial real estate market, focusing on the role of climate change …

[PDF][PDF] Revisiting the Role of Technology in the US Equity REITs-Climate Change Nexus: The GARCH-MIDAS Approach

O Ajayi, KO Isah - 23 rdAnnual Conference, 2024 - researchgate.net
We investigated the role of technological innovation in the climate change-REITs nexus,
considering the physical and transitional dimensions of risk posed by changing climate …

How to apply property-level information in real estate research

Z Feng - Available at SSRN 4707907, 2022 - papers.ssrn.com
This article reviews recent literature regarding adopting property-level information in real
estate research. The educational briefing explains in detail how to measure geographic …

[PDF][PDF] Natural Hazard Exposure and REIT Equity Risk

B Zhu, F Fuerst - 2022 - eres.architexturez.net
This paper investigates if exposure to natural hazards in its underlying assets affects the
equity risk of a real estate fund. In a panel dataset of 139 distinct Real Estate Investment …

Sea Level Rise and Commercial Real Estate

V Soni - Available at SSRN 4840627, 2024 - papers.ssrn.com
I study the impact of sea level rise (SLR) on commercial real estate (CRE) pricing and
commercial lending. Using novel property level sale transactions from 2011-2018, I find that …

Assessing the Impact of Climate-Related Risks on Canadian Real Estate Investment Trusts: Insights and Implications for Investors

IS Vasiliu - 2024 - spectrum.library.concordia.ca
This study aims to analyze the impact of physical climate risks on the Canadian real estate
market. Building upon the framework established by Duprey et al.(2021), we define and …

The Transmission of Climate Hazard Exposure to Equity Risk

B Zhu, F Fuerst - Available at SSRN 5067355 - papers.ssrn.com
Climate-related hazard exposure is hypothesized to increase the systematic risk of
companies that derive their revenues from physical assets. The present analysis finds …