A review of the financial sector impacts of risks associated with climate change

F Zhou, T Endendijk, WJW Botzen - Annual Review of Resource …, 2023 - annualreviews.org
This article reviews the literature on the financial sector impacts of natural disasters and
physical climate change risks, covering banking, insurance, stock markets, bond markets …

Climate change, risk factors and stock returns: A review of the literature

A Venturini - International Review of Financial Analysis, 2022 - Elsevier
This article reviews how climate change could be considered an additional source of market
risk. I discuss the types of data needed to analyse the climate risk drivers that shape the …

International political uncertainty and climate risk in the stock market

X Gong, C Fu, Q Huang, M Lin - Journal of International Financial Markets …, 2022 - Elsevier
This paper investigates how political uncertainty interacts with an international firm's climate
risk in affecting the stock market. Using firms from 34 countries, we employ the presidential …

Climate risk and capital structure

E Ginglinger, Q Moreau - Management Science, 2023 - pubsonline.informs.org
We use firm-level data that measure forward-looking physical climate risk to examine the
impact of climate risk on capital structure. We find that greater physical climate risk leads to …

Climate change, firm performance, and investor surprises

N Pankratz, R Bauer, J Derwall - Management Science, 2023 - pubsonline.informs.org
We link records of firm performance, equity analyst forecast errors, and stock returns around
companies' earnings announcements to firm-specific measures of heat exposure for more …

Sustainable finance: ESG/CSR, firm value, and investment returns

X Chang, K Fu, Y Jin, PF Liem - Asia‐Pacific Journal of …, 2022 - Wiley Online Library
We review the burgeoning sustainable finance literature, emphasizing the value implications
of ESG (environmental, social, and governance) and CSR (corporate social responsibility) …

COVID-19 vaccinations and risk spillovers: Evidence from Asia-Pacific stock markets

Y Li, Y Shi, Y Shi, S Yi, W Zhang - Pacific-Basin Finance Journal, 2023 - Elsevier
This study investigates the impact of COVID-19 vaccinations on volatility (risk) spillovers
among major Asia-Pacific stock markets. Utilizing both mean-based and quantile-based …

Firm-level risk of climate change: Evidence from climate disasters

L Ai, LS Gao - Global Finance Journal, 2023 - Elsevier
While climate change impacts most regions, a company's physical location and geographic
diversification could determine how it is affected by the risks associated with climate change …

Does climate change surprise the profitability of energy firms? Empirical evidence from China

M Cao, F Zhang, J Li, G Meng - Business Strategy and the …, 2023 - Wiley Online Library
The energy sector matters the sustainable development directly and is sensitive to climate
change. A few empirical studies concentrate on how climate change influences firm …

Joining forces: The spillover effects of EPA enforcement actions and the role of socially responsible investors

S Dasgupta, TD Huynh, Y Xia - The Review of Financial Studies, 2023 - academic.oup.com
We find that firms reduce toxic emissions at their local plants following EPA enforcement
actions against nearby plants operated by peer firms that compete in the same product …