We empirically test the prediction of that green firms outperform brown firms when concerns
about climate change increase unexpectedly, using data for S&P 500 companies from …

We examine whether climate change news risk is priced in corporate bonds. We estimate
bond covariance with a climate change news index and find that bonds with a higher climate …

This paper studies the asset pricing implications of industrial pollution. A long‐short portfolio
constructed from firms with high versus low toxic emission intensity within an industry …

We provide first-time evidence on whether market-wide physical or transition climate risks
are priced in US stocks. Textual and narrative analysis of Reuters climate-change news over …

This study investigates the impact of firms' heterogeneous exposure to economic policy
uncertainty (EPU exposure) on corporate innovation investment. The results show that, first …

This paper employs the Tail Event NETwork (TENET) to identify financial markets with
greater potential risk, and simultaneously investigate the interdependence between them …

We examine the effect of policy uncertainty on firms' strategy of corporate social
responsibility (CSR). During uncertain times, firms strategically increase their commitment to …

This paper provides a comprehensive survey of existing measures of uncertainty, risk, and
volatility, noting their conceptual distinctions. It summarizes how they are constructed, their …

This study analyzes the relationship between COVID-19 related fear and short-term IPO
performance. Though the average market-adjusted initial return of IPOs in the year 2020 is …

We explore the relationship between two novel Twitter-based measures of economic and
market uncertainty and the performance of four major cryptocurrencies. Using a battery of …