Carbon Risk, Carbon Risk Awareness and the Cost of Debt Financing

By J. Jung, K. Herbohn, Peter M. Clarkson. 2018

661 citations recorded by the source corpus.

Subfields: Finance, Marketing, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/f74216c8935365127b5f549ef1cbe439e5cea4dc

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Citations in the corpus

Corporate governance, law, culture, environmental performance and CSR disclosure: A global perspective (2020, neutral): “Firms with better environmental performance, on the other hand, have lower cost of debt (Jung et al., 2018).”
Does the CDS Market Reflect Regulatory Climate Risk Disclosures? (2020, positive): “A similar point was also made by Jung et al. (2018), who show that lenders do incorporate a forwardlooking attitude in their lending decisions.”
Climate change events and stock market returns (2021, background): “Additionally, the cost of debt for climate-aware ﬁ rms is lower compared to ﬁ rms without carbon disclosure (Jung, Herbohn, and Clarkson 2018).”
ESG practices and the cost of debt: Evidence from EU countries (2019, background): “For example, Jung, Herbohn, and Clarkson (2016) ﬁnd that lending institutions incorporate a ﬁrm’s exposure to carbon-related risk into lending decisions, and that the impact of that risk on increasing its cost of debt is mitigated when the ﬁrm shows awareness of the risk and willingness to decrease…”
Low-Carbon City Construction and Corporate Carbon Reduction Performance: Evidence From a Quasi-Natural Experiment in China (2021, background): “In terms of financial resources, we focus on government concessional loans and subsidies, which have been found in previous literature to be related to social and environment-related activities of enterprises (Jung et al., 2016; Lee et al., 2017; Wang et al., 2019a, 2019b).”