Do banks price environmental transition risks? Evidence from a quasi-natural experiment in China
B Huang, MT Punzi, Y Wu - Journal of Corporate Finance, 2021 - Elsevier
This paper assesses the risk arising from transition toward a low-emission economy and
examines its transmission channels within the financial system. The environmental dynamic …
examines its transmission channels within the financial system. The environmental dynamic …
The asset durability premium
Durable capital is harder to finance not only due to its greater down payment, but also
because of its larger price risk sensitivities to financial frictions. Our paper examines a novel …
because of its larger price risk sensitivities to financial frictions. Our paper examines a novel …
[图书][B] Do Banks Price Environmental Transition Risks? Evidence from a Quasi-Natural Experiment in a Chinese Province
This paper assesses the financial risks arising from transition toward a low-emission
economy. The environmental DSGE model shows tightening environmental regulation …
economy. The environmental DSGE model shows tightening environmental regulation …
[引用][C] BACKGROUND: CLEAN AIR ACTION PLAN AND THE BANKING INDUSTRY IN CHINA CLEAN AIR ACTION PLAN
CAIRA PLAN