The financial risks and potential systemic impacts induced by climate change and the
transition to a low‐carbon economy have become a central issue for both financial investors …

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 …

Climate-related risks have become a major concern for financial regulators and can pose a
significant threat to financial stability. In this paper, we first propose a theoretical framework …

Using data from 41 countries, we provide novel empirical evidence that firms' cash holdings
are positively associated with their climate change exposure. This evidence is robust to …

This study draws on neo‐institutional theory to examine how and why corporate
environmental management practices might affect environmental performance. It contributes …

The study analyzes the impact of competition on environmental and social performance.
Based on data collected from 82 banks in the banking industry across nine emerging Middle …

Despite widespread recognition among financial regulators and central banks that climate
change may threaten financial stability, the causes and consequences of climate-related …

We develop a structural model for pricing a defaultable bond issued by a company subject to
climate transition risk. We assume that the magnitude of the transition risk impacts depends …

As intensifying climate-related disasters strike cities across the United States, they are
provoking rising concern for the stability of the US housing market and broader financial …

Specific climate adaptation and resilience measures can be efficiently designed and
implemented at regional and local levels. Climate and environmental databases are critical …