We explore the effects of physical and regulatory risks related to biodiversity loss on economic activity and asset values. We first develop a news-based measure of aggregate …
We exploit regional variations in exposure to heat stress to study if physical climate risk is priced in municipal and corporate bonds as well as in equity markets. We find consistent …
There is growing evidence that physical climate hazards—such as floods and wildfires— affect property prices. Climate change scenarios suggest more frequent and severe physical …
C Rizzi - Available at SSRN 4038371, 2022 - papers.ssrn.com
This paper shows that natural capital loss affects financial markets and municipalities' borrowing costs. Using exogenous geographic variation in wetland changes, I find that …
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 …
D Li, R Saigal, P Adriaens - Environmental Science & Technology, 2024 - ACS Publications
The global water cycle has experienced significant changes due to the interplay of climate shifts and human activities, resulting in more frequent and severe droughts and floods …
Hurricanes are among the costliest natural disasters in the world, with a significant portion of their impact linked to the accuracy of their forecasts. In this paper, we estimate the economic …
F Curti, I Ivanov, M Macchiavelli… - The Financial Costs of …, 2023 - papers.ssrn.com
State and local governments are attractive cybercrime targets because of inadequate cybersecurity and ample access to sensitive information. We show that external data …
We provide new evidence that the bankruptcy filing of a locally headquartered and publicly- listed manufacturing firm imposes externalities on the local governments. Compared to …