Climate Disclosure in Financial Statements
Climate exposure, a firm's financial risks and opportunities related to climate change, is
increasingly recognized as a driver of firm value. We study its reflection in financial …
increasingly recognized as a driver of firm value. We study its reflection in financial …
Mandatory Carbon Disclosure: Evidence from France
We examine firms' response to a carbon disclosure mandate imposed on French firms with
more than 500 employees by the Grenelle II law. We find that only half of the firms subject to …
more than 500 employees by the Grenelle II law. We find that only half of the firms subject to …
Cross-Border Carbon Taxes and Shareholder Wealth
This paper explores the effect of cross-border carbon taxes on shareholder wealth. For
identification, we analyze stock price reactions to news about the introduction of the Carbon …
identification, we analyze stock price reactions to news about the introduction of the Carbon …
Climate Disclosures and Decarbonization along the Supply Chain
This paper examines the cascade effect of climate-related information over global supply
chains. Our tests rely on a wide international sample of customer-supplier pairs and exploit …
chains. Our tests rely on a wide international sample of customer-supplier pairs and exploit …
[PDF][PDF] Implications of introducing investor-focused ESG reporting
Firms and jurisdictions are increasingly adopting ESG reporting, affecting empirical research
on its consequences. We develop a model to understand the nuanced effects of ESG …
on its consequences. We develop a model to understand the nuanced effects of ESG …