Climate Change and Asset Prices: Are Corporate Carbon Disclosure and Performance Priced Appropriately?

142 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Fossil Fuel Divestment and Portfolio Performance (2018, background): “An important consideration in this respect is the appropriate pricing of carbon risk (Andersson et al., 2016; De Jong and Nguyen, 2016; Liesen et al., 2017).”
Does the CDS Market Reflect Regulatory Climate Risk Disclosures? (2020, unknown): “The majority of recent studies use either carbon emissions (Chen and Gao, 2012; Andersson et al., 2016; Liesen et al., 2017; Jung et al., 2018; In et al., 2019; Ilhan et al., 2019b; Ramelli et al., 2018) or ESG scores (Görgen et al., 2019) to proxy for climate risk.9 Ginglinger and Moreau (2019)…”
Environmental Beta or How Institutional Investors Think about Climate Change and Fossil Fuel Risk (2019, background): “2016)? Do markets currently price in the risks facing FFCs (Sowerbutts 2016; Liesen et al. 2017)? Given what we know—or at least what we think we know—about the nature of financial risk, the nature of financial markets, and the nature of investment institutions, can we realistically expect FFCs and ”