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 …

We review research on the effects of banks on the real economy, including, but not limited to
articles in this Special Issue of the Journal of Corporate Finance. We focus primarily on US …

We are part of Nature, not separate from it. We rely on Nature to provide us with food, water
and shelter; regulate our climate and disease; maintain nutrient cycles and oxygen …

A growing literature is devoted to understand how companies react to major external shocks.
Contributing to this research, we study how the presence of families in corporate ownership …

We show that local banks provide corporate recovery lending to firms affected by adverse
regional macro shocks. Banks that reside in counties unaffected by the natural disaster that …

While natural disasters cause considerable damage and a number of studies have
attempted to investigate the nature and quantify the magnitude of these losses, there is a …

Following a natural disaster, the rate of economic growth recovers faster in less competitive
banking markets. A 10% reduction in competition increases the rate of economic growth by …

We investigate how corporate loan costs are affected by climate change-related natural
disasters. We construct granular measures of borrowers' exposure to natural disasters and …

This article provides the theoretical foundation for the concept of “Underwaterwriting,” which
can be understood as various informational and institutional limitations related to …

There is increasing concern among financial regulators that changes in the distribution and
frequency of extreme weather events induced by climate change could pose a threat to …