create a website

Just “blah blah blah”? Stock market expectations and reactions to COP26. (2023). Birindelli, Giuliana ; Paimanova, Viktoriia ; Palea, Vera ; Miazza, Aline.
In: International Review of Financial Analysis.
RePEc:eee:finana:v:88:y:2023:i:c:s1057521923002156.

Full description at Econpapers || Download paper

Cited: 1

Citations received by this document

Cites: 148

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. Carbon emissions, carbon disclosure and organizational performance. (2023). Liu, Yang Stephanie ; Zhou, Xiaoyan ; Kakabadse, Nada ; Yang, Jessica Hong.
    In: International Review of Financial Analysis.
    RePEc:eee:finana:v:90:y:2023:i:c:s1057521923003629.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Alogoskoufis, S. ; Dunz, N. ; Emambakhsh, T. ; Hennig, T. ; Kaijser, M. ; Kouratzoglou, C. ; Salleo, C. ECB economy-wide climate stress test: Methodology and results (No. 281). 2021 ECB Occasional Paper:

  2. Alok, S. ; Kumar, N. ; Wermers, R. Do fund managers misestimate climatic disaster risk. 2020 The Review of Financial Studies. 33 1146-1183

  3. Antoniuk, Y. ; Leirvik, T. Climate change events and stock market returns. 2021 Journal of Sustainable Finance and Investment. 1-26
    Paper not yet in RePEc: Add citation now
  4. Arorar, N. New Delhi is world’s most polluted capital for third straight year-iqair study. 2021, March, 16 Reuters:
    Paper not yet in RePEc: Add citation now
  5. Asker, J. ; Farre-Mensa, J. ; Ljungqvist, A. Corporate investment and stock market listing: A puzzle?. 2015 The Review of Financial Studies. 28 342-390

  6. Ball, R. ; Brown, P. An empirical evaluation of accounting income numbers. 1968 Journal of Accounting Research. 6 159-178

  7. Banerjee, C. The way towards net- zero emissions. 2021, December, 1 The New Indian Express:
    Paper not yet in RePEc: Add citation now
  8. Bansal, R. ; Ochoa, M. ; Kiku, D. Climate change and growth risks (No. w23009). 2017 National Bureau of Economic Research:
    Paper not yet in RePEc: Add citation now
  9. Bartov, E. ; Goldberg, S.R. ; Kim, M. Comparative value relevance among German, US, and international accounting standards: A German stock market perspective. 2005 Journal of Accounting, Auditing and Finance. 20 95-119
    Paper not yet in RePEc: Add citation now
  10. Bătae, O.M. ; Dragomir, V.D. ; Feleagă, L. The relationship between environmental, social, and financial performance in the banking sector: A European study. 2021 Journal of Cleaner Production. 290 -
    Paper not yet in RePEc: Add citation now
  11. Battiston, S. ; Mandel, A. ; Monasterolo, I. ; Schütze, F. ; Visentin, G. A climate stress-test of the financial system. 2017 Nature Climate Change. 7 283-288

  12. Battiston, S. ; Monasterolo, I. ; Riahi, K. ; van Ruijven, B.J. Accounting for finance is key for climate mitigation pathways. 2021 Science. 372 918-920
    Paper not yet in RePEc: Add citation now
  13. Beatty, T. ; Shimshack, J.P. The impact of climate change information: New evidence from the stock market. 2010 The BE Journal of Economic Analysis and Policy. 10 1-29

  14. Becchetti, L. ; Ciciretti, R. ; Hasan, I. ; Kobeissi, N. Corporate social responsibility and shareholder's value. 2012 Journal of Business Research. 65 1628-1635
    Paper not yet in RePEc: Add citation now
  15. Berg et al, Aggregate confusion: The divergence in ESG ratings. 2019 En : MIT sloan research paper no. 5822–19. :
    Paper not yet in RePEc: Add citation now
  16. Birindelli, G. ; Chiappini, H. Climate change policies: Good news or bad news for firms in the European Union?. 2021 Corporate Social Responsibility and Environmental Management. 28 831-848

  17. Blacconiere, W.G. ; Northcut, W.D. Environmental information and market reactions to environmental legislation. 1997 Journal of Accounting, Auditing and Finance. 12 149-178
    Paper not yet in RePEc: Add citation now
  18. Bodnár, K. ; Le Roux, J. ; Lopez-Garcia, P. ; Szörfi, B. The impact of COVID-19 on potential output in the euro area. 2020 En : Economic Bulletin Articles. :

  19. Bolton, P. ; Kacperczyk, M. Do investors care about carbon risk?. 2021 Journal of Financial Economics. 142 517-549
    Paper not yet in RePEc: Add citation now
  20. Bosch, J.C. ; Eckard, E.W. ; Lee, I. EPA enforcement, firm response strategies, and stockholder wealth: An empirical examination. 1998 Managerial and Decision Economics. 19 167-177

  21. Bourdeau-Brien, M. ; Kryzanowski, L. The impact of natural disasters on the stock returns and volatilities of local firms. 2017 The Quarterly Review of Economics and Finance. 63 259-270
    Paper not yet in RePEc: Add citation now
  22. Bowman, R.G. Understanding and conducting event studies. 1983 Journal of Business Finance and Accounting. 10 561-584
    Paper not yet in RePEc: Add citation now
  23. Broadstock, D.C. ; Chan, K. ; Cheng, L.T. ; Wang, X. The role of ESG performance during times of financial crisis: Evidence from COVID-19 in China. 2021 Finance Research Letters. 38 -

  24. Busch, T. ; Lewandowski, S. Corporate carbon and financial performance: A meta-analysis. 2018 Journal of Industrial Ecology. 22 745-759

  25. Caldecott, B. Introduction to special issue: Stranded assets and the environment. 2017 Journal of Sustainable Finance and Investment. 7 1-13

  26. Caldecott, B. ; Harnett, E. ; Cojoianu, T. ; Kok, I. ; Pfeiffer, A. Stranded assets: A climate change challenge. 2016 Inter-American Development Bank:
    Paper not yet in RePEc: Add citation now
  27. Campiglio, E. Beyond carbon pricing: The role of banking and monetary policy in financing the transition to a low-carbon economy. 2016 Ecological Economics. 121 220-230

  28. Capasso, G. ; Gianfrate, G. ; Spinelli, M. Climate change and credit risk. 2020 Journal of Cleaner Production. 266 -
    Paper not yet in RePEc: Add citation now
  29. Capelle-Blancard, G. ; Laguna, M.A. How does the stock market respond to chemical disasters?. 2010 Journal of Environmental Economics and Management. 59 192-205

  30. Carrington, D. ‘Blah, blah, blah’: Greta Thunberg lambasts leaders over climate crisis. 2021, September, 28 The Guardian:
    Paper not yet in RePEc: Add citation now
  31. Choi, D. ; Gao, Z. ; Jiang, W. Attention to global warming. 2020 The Review of Financial Studies. 33 1112-1145

  32. Ciocirlan, C. ; Pettersson, C. Does workforce diversity matter in the fight against climate change? An analysis of Fortune 500 companies. 2012 Corporate Social Responsibility and Environmental Management. 19 47-62

  33. Colson, T. China's Xi Jinping contributes only a written note to the COP26 climate conference, pushing the world's biggest polluter further to the margins. 2021, November, 1 Insider:
    Paper not yet in RePEc: Add citation now
  34. Corwin, S.A. The determinants of underpricing for seasoned equity offers. 2003 The Journal of Finance. 58 2249-2279

  35. Daniel, K.D. ; Litterman, R.B. ; Wagner, G. Applying asset pricing theory to calibrate the price of climate risk (No. w22795). 2016 National Bureau of Economic Research:

  36. De Souza Cunha, F.A.F. ; Meira, E. ; Orsato, R.J. ; Klotzle, M.C. ; Lucena, A.F. Do low-carbon investments in emerging economies pay off? Evidence from the Brazilian stock market. 2021 International Review of Financial Analysis. 74 -

  37. Dessaint, O. ; Matray, A. Do managers overreact to salient risks? Evidence from hurricane strikes. 2017 Journal of Financial Economics. 126 97-121

  38. Diaz-Rainey, I. ; Gehricke, S.A. ; Roberts, H. ; Zhang, R. Trump vs. Paris: The impact of climate policy on US listed oil and gas firm returns and volatility. 2021 International Review of Financial Analysis. 76 -

  39. Dimson, E. ; Marsh, P. ; Staunton, M. Divergent ESG ratings. 2020 The Journal of Portfolio Management. 47 75-87
    Paper not yet in RePEc: Add citation now
  40. Donadelli, M. ; Jüppner, M. ; Paradiso, A. ; Ghisletti, M. Tornado activity, house prices, and stock returns. 2020 The North American Journal of Economics and Finance. 52 -

  41. Dröge, S. ; Geden, O. Next COP ahead: Europe has work to do. 2022 Stiftung Wissenschaft und Politik -SWP- Deutsches Institut für Internationale Politik und Sicherheit: Berlin

  42. Duggal, H. Infographic: The 100 most polluted cities in the world. 2021, November, 22 Al Jazeera:
    Paper not yet in RePEc: Add citation now
  43. El Ouadghiri, I. ; Guesmi, K. ; Peillex, J. ; Ziegler, A. Public attention to environmental issues and stock market returns. 2021 Ecological Economics. 180 -

  44. Endrikat, J. Market reactions to corporate environmental performance related events: A meta-analytic consolidation of the empirical evidence. 2016 Journal of Business Ethics. 138 535-548

  45. Engle, R.F. ; Granger, C.W. Co-integration and error correction: Representation, estimation, and testing. 1987 Econometrica: Journal of the Econometric Society. 251-276

  46. Erbach, G. European climate law. 2021 En : Regulation (EU). :
    Paper not yet in RePEc: Add citation now
  47. Escrig-Olmedo, E. ; Fernández-Izquierdo, M.Á. ; Ferrero-Ferrero, I. ; Rivera-Lirio, J.M. ; Muñoz-Torres, M.J. Rating the raters: Evaluating how ESG rating agencies integrate sustainability principles. 2019 Sustainability. 11 915-

  48. Escrig-Olmedo, E. ; Muñoz-Torres, M.J. ; Fernández-Izquierdo, M.Á. ; Rivera-Lirio, J.M. Measuring corporate environmental performance: A methodology for sustainable development. 2017 Business Strategy and the Environment. 26 142-162

  49. European Commission, The European green deal. 2019 European Union: Brussels, Belgium
    Paper not yet in RePEc: Add citation now
  50. Fama, E.F. ; Fisher, L. ; Jensen, M.C. ; Roll, R. The adjustment of stock prices to new information. 1969 International Economic Review. 10 1-21

  51. Fernandez-Cuesta, C. ; Castro, P. ; Tascon, M.T. ; Castano, F.J. The effect of environmental performance on financial debt. European evidence. 2019 Journal of Cleaner Production. 207 379-390
    Paper not yet in RePEc: Add citation now
  52. Fisher-Vanden, K. ; Thorburn, K.S. Voluntary corporate environmental initiatives and shareholder wealth. 2011 Journal of Environmental Economics and Management. 62 430-445

  53. Flammer, C. Corporate social responsibility and shareholder reaction: The environmental awareness of investors. 2013 Academy of Management Journal. 56 758-781
    Paper not yet in RePEc: Add citation now
  54. Garvey, G.T. ; Iyer, M. ; Nash, J. Carbon footprint and productivity does the “E” in ESG capture efficiency as well as environment. 2018 Journal of Investment Management. 16 59-69
    Paper not yet in RePEc: Add citation now
  55. Global Carbon Atlas, Territorial (MtCO₂). 2020 En : Fossil fuels emissions. :
    Paper not yet in RePEc: Add citation now
  56. Görgen, M. ; Jacob, A. ; Nerlinger, M. Get green or die trying? Carbon risk integration into portfolio management. 2021 The Journal of Portfolio Management. 47 77-93
    Paper not yet in RePEc: Add citation now
  57. Gourdel, R. ; Monasterolo, I. ; Dunz, N. ; Mazzocchetti, A. ; Parisi, L. The double materiality of climate physical and transition risks in the euro area. 2022 En : Working Paper Series 2665. European Central Bank:

  58. Graham, F. COP26: Glasgow climate pact signed into history. 2021, November, 13 Nature:
    Paper not yet in RePEc: Add citation now
  59. Griffin, P. ; Lont, D. ; Lubberink, M. Extreme high surface temperature events and equity-related physical climate risk. 2019 Weather and Climate Extremes. 26 -
    Paper not yet in RePEc: Add citation now
  60. Griffin, P.A. ; Sun, Y. Going green: Market reaction to CSRwire news releases. 2013 Journal of Accounting and Public Policy. 32 93-113
    Paper not yet in RePEc: Add citation now
  61. Gupta, S. ; Goldar, B. Do stock markets penalise environmentally-unfriendly behaviour? Evidence from India. 2005 Ecological Economics. 52 81-95

  62. Haldane, A.G. Control rights (and wrongs). 2012 Economic Affairs. 32 47-58

  63. Harvey, F. ; Mason, R. Alok Sharma ‘deeply frustrated’ by India and China over coal. 2021, November 14 The Guardian:
    Paper not yet in RePEc: Add citation now
  64. Haszeldine, S. Good COP or bad COP?. 2022, September 8 En : Edinburgh impact’s website. :
    Paper not yet in RePEc: Add citation now
  65. Hawn, O. ; Chatterji, A.K. ; Mitchell, W. Do investors actually value sustainability? New evidence from investor reactions to the Dow Jones sustainability index (DJSI). 2018 Strategic Management Journal. 39 949-976

  66. Heflin, F. ; Wallace, D. The BP oil spill: Shareholder wealth effects and environmental disclosures. 2017 Journal of Business Finance & Accounting. 44 337-374

  67. Holler, J. Event-study methodology and statistical significance. 2014 O1WIR Publisher for Economics, Computer Science and Law: Germany
    Paper not yet in RePEc: Add citation now
  68. Hook, L. ; Hodgson, C. ; Pickard, J. India and China weaken pledge to phase out coal as COP26 ends. 2021, November, 13 Financial Times:
    Paper not yet in RePEc: Add citation now
  69. Houttuijn Bloemendaal, L. ; Wright, J. ; Conrad-Rooney, E. ; Tendler, A. POV: Takeaways, hopes, and disappointments from COP26. 2021, November, 22 Boston University Today:
    Paper not yet in RePEc: Add citation now
  70. Hsu, P.-H. ; Li, K. ; Tsou, C.-Y. ; Tsou, C.-Y. The pollution premium. 2022 Journal of. Finance, 78(3) 1343-1392
    Paper not yet in RePEc: Add citation now
  71. Hu, C. ; Dewan, A. China’s Xi Jinping promises to halt new coal projects abroad amid climate crisis. 2021, September 22 CNN:
    Paper not yet in RePEc: Add citation now
  72. Huynh, T. ; Xia, Y. Climate change news risk and corporate bond returns. 2021 Journal of Financial and Quantitative Analysis. 56 1985-2009

  73. Ilhan, E. ; Sautner, Z. ; Vilkov, G. Carbon tail risk. 2021 The Review of Financial Studies. 34 1540-1571
    Paper not yet in RePEc: Add citation now
  74. In, S.Y. ; Park, K.Y. ; Monk, A. Is “being green” rewarded in the market? An empirical investigation of decarbonization risk and stock returns. 2017 International Association for Energy Economics (Singapore Issue). 46 -
    Paper not yet in RePEc: Add citation now
  75. Intergovernmental Panel on Climate Change (IPCC), Climate change 2022: Mitigation of climate change. 2022 :
    Paper not yet in RePEc: Add citation now
  76. Intergovernmental Panel on Climate Change-IPCC, Guidelines for national greenhouse gas inventories. 2006 :
    Paper not yet in RePEc: Add citation now
  77. Jacobs, B.W. ; Singhal, V.R. ; Subramanian, R. An empirical investigation of environmental performance and the market value of the firm. 2010 Journal of Operations Management. 28 430-441
    Paper not yet in RePEc: Add citation now
  78. Jiang, Y. China at COP26: Coal, 1.5C and short-term actions. 2021, November, 16 China Dialogue:
    Paper not yet in RePEc: Add citation now
  79. Jiang, Y. ; Luo, L. Market reactions to environmental policies: Evidence from China. 2018 Corporate Social Responsibility and Environmental Management. 25 889-903

  80. Jung, J. ; Herbohn, K. ; Clarkson, P. Carbon risk, carbon risk awareness, and the cost of debt financing. 2018 Journal of Business Ethics. 150 1151-1171

  81. Karpoff, J.M. ; Lott, J.R. ; Wehrly, E.W. The reputational penalties for environmental violations: Empirical evidence. 2005 The Journal of Law and Economics. 48 653-675

  82. Keele, D.M. ; DeHart, S. Partners of USEPA climate leaders: An event study on stock performance. 2011 Business Strategy and the Environment. 20 485-497

  83. Kim, Y.B. ; An, H.T. ; Kim, J.D. The effect of carbon risk on the cost of equity capital. 2015 Journal of Cleaner Production. 93 279-287
    Paper not yet in RePEc: Add citation now
  84. Klassen, R.D. ; McLaughlin, C.P. The impact of environmental management on firm performance. 1996 Management Science. 42 1199-1214

  85. Kong, D. ; Yang, X. ; Liu, C. ; Yang, W. Business strategy and firm efforts on environmental protection: Evidence from China. 2020 Business Strategy and the Environment. 29 445-464

  86. Kothari, S.P. ; Warner, J.B. Econometrics of event studies. 2007 En : Handbook of empirical corporate finance. Elsevier:
    Paper not yet in RePEc: Add citation now
  87. Kumar, A. ; Xin, W. ; Zhang, C. Climate sensitivity and predictable returns. 2019 :
    Paper not yet in RePEc: Add citation now
  88. Kushwaha, G.S. ; Sharma, N.K. Green initiatives: A step towards sustainable development and firm’s performance in the automobile industry. 2016 Journal of Cleaner Production. 121 116-129
    Paper not yet in RePEc: Add citation now
  89. Lanfear, M.G. ; Lioui, A. ; Siebert, M.G. Market anomalies and disaster risk: Evidence from extreme weather events. 2019 Journal of Financial Markets. 46 -

  90. Lenth, R.V. Some practical guidelines for effective sample size determination. 2001 The American Statistician. 55 187-193
    Paper not yet in RePEc: Add citation now
  91. Little, P. ; Muoghalu, M.I. ; Robison, H.D. Hazardous waste lawsuits, financial disclosure, and investors’ interests. 1995 Journal of Accounting, Auditing and Finance. 10 383-398
    Paper not yet in RePEc: Add citation now
  92. Louche, C. ; Busch, T. ; Crifo, P. ; Marcus, A. Financial markets and the transition to a low-carbon economy: Challenging the dominant logics. 2019 Organization & Environment. 32 3-17

  93. Lowder, S.K. ; Skoet, J. ; Raney, T. The number, size, and distribution of farms, smallholder farms, and family farms worldwide. 2016 World Development. 87 16-29

  94. MacKinlay, A.C. Event studies in economics and finance. 1997 Journal of Economic Literature. 35 13-39

  95. McGraph, M. COP26: India PM Narendra Modi pledges net zero by 2070. 2021, November 2 BBC:
    Paper not yet in RePEc: Add citation now
  96. McWilliams, A. ; Siegel, D. Event studies in management research: Theoretical and empirical issues. 1997 Academy of Management Journal. 40 626-657
    Paper not yet in RePEc: Add citation now
  97. Metcalf, G.E. Market-based policy options to control US greenhouse gas emissions. 2009 Journal of Economic Perspectives. 23 5-27

  98. Mhadhbi, M. ; Gallali, M.I. ; Goutte, S. ; Guesmi, K. On the asymmetric relationship between stock market development, energy efficiency and environmental quality: A nonlinear analysis. 2021 International Review of Financial Analysis. 77 -

  99. Milman, O. Biden returns us to Paris climate ac-cord hours after becoming president. 2021, October 28 The Guardian:
    Paper not yet in RePEc: Add citation now
  100. Mitra, A. ; Gajjar, C. ; Kelkar, U. COP26: Unpacking India’s major new climate targets. 2021, Nov 2 Wri India:
    Paper not yet in RePEc: Add citation now
  101. Monasterolo, I. ; De Angelis, L. Blind to carbon risk? An analysis of stock market reaction to the Paris agreement. 2020 Ecological Economics. 170 -

  102. Monbiot, G. After the failure of COP26, there’s only one last hope for our survival. 2021, November, 14 The Guardian:
    Paper not yet in RePEc: Add citation now
  103. Muñoz-Torres, M.J. ; Fernández-Izquierdo, M.Á. ; Rivera-Lirio, J.M. ; Escrig-Olmedo, E. Can environmental, social, and governance rating agencies favor business models that promote a more sustainable development?. 2019 Corporate Social Responsibility and Environmental Management. 26 439-452
    Paper not yet in RePEc: Add citation now
  104. Nagar, V. ; Schoenfeld, J. Shareholder monitoring and discretionary disclosure. 2021 Journal of Accounting and Economics. 72 -

  105. Nerger, G.L. ; Huynh, T.L.D. ; Wang, M. Which industries benefited from trump environmental policy news? Evidence from industrial stock market reactions. 2021 Research in International Business and Finance. 57 -

  106. Nguyen, Q. ; Diaz-Rainey, I. ; Kuruppuarachchi, D. In search of climate distress risk. 2023 International Review of Financial Analysis. 85 -

  107. Nishitani, K. ; Kokubu, K. Can firms enhance economic performance by contributing to sustainable consumption and production? Analyzing the patterns of influence of environmental performance in Japanese manufacturing firms. 2020 Sustainable Production and Consumption. 21 156-169
    Paper not yet in RePEc: Add citation now
  108. Oberndorfer, U. ; Schmidt, P. ; Wagner, M. ; Ziegler, A. Does the stock market value the inclusion in a sustainability stock index? An event study analysis for German firms. 2013 Journal of Environmental Economics and Management. 66 497-509

  109. Palea, V. ; Santhià, C. The financial impact of carbon risk and mitigation strategies: Insights from the automotive industry. 2022 Journal of Cleaner Production. 131001-
    Paper not yet in RePEc: Add citation now
  110. Pandey, D.K. ; Kumari, V. Event study on the reaction of the developed and emerging stock markets to the 2019-nCoV outbreak. 2021 International Review of Economics and Finance. 71 467-483

  111. Patten, D.M. ; Nance, J.R. Regulatory cost effects in a good news environment: The intra-industry reaction to the Alaskan oil spill. 1998 Journal of Accounting and Public Policy. 17 409-429

  112. Pham, H. ; Nguyen, V. ; Ramiah, V. ; Saleem, K. ; Moosa, N. The effects of the Paris climate agreement on stock markets: Evidence from the German stock market. 2019 Applied Economics. 51 6068-6075

  113. Pistor, K. The Myth of green capitalism. 2021 Amass. 26 16-18
    Paper not yet in RePEc: Add citation now
  114. Plumer, B. ; Friedman, L. Over 40 countries pledge at U.N. climate summit to end use of coal power. 2021, November, 4 The New York times:
    Paper not yet in RePEc: Add citation now
  115. Quintana-García, C. ; Marchante-Lara, M. ; Benavides-Chicón, C.G. Towards sustainable development: Environmental innovation, cleaner production performance, and reputation. 2022 Corporate Social Responsibility and Environmental Management. 29 1330-1340
    Paper not yet in RePEc: Add citation now
  116. Ramelli, S. ; Ossola, E. ; Rancan, M. Stock price effects of climate activism: Evidence from the first global climate strike. 2021 Journal of Corporate Finance. 69 -

  117. Ramelli, S. ; Wagner, A.F. ; Zeckhauser, R.J. ; Ziegler, A. Investor rewards to climate responsibility: Stock-price responses to the opposite shocks of the 2016 and 2020 US elections. 2021 The Review of Corporate Finance Studies. 10 748-787

  118. Ramiah, V. ; Martin, B. ; Moosa, I. How does the stock market react to the announcement of green policies?. 2013 Journal of Banking & Finance. 37 1747-1758

  119. Ramiah, V. ; Pichelli, J. ; Moosa, I. Environmental regulation, the Obama effect and the stock market: Some empirical results. 2015 Applied Economics. 47 725-738

  120. Rees, L. ; Elgers, P. The market’s valuation of nonreported accounting measures: Retrospective reconciliations of non-U.S. and U.S. GAAP. 1997 Journal of Accounting Research. 35 115-127

  121. Refinitiv, Environmental, social and governance (ESG) scores from refinitiv. 2022 :
    Paper not yet in RePEc: Add citation now
  122. Rehse, D. ; Riordan, R. ; Rottke, N. ; Zietz, J. The effects of uncertainty on market liquidity: Evidence from hurricane Sandy. 2019 Journal of Financial Economics. 134 318-332

  123. Renner, A. Does carbon-conscious behavior drive firm performance?: An event study on the global 500 companies. 2011 Springer Science & Business Media:
    Paper not yet in RePEc: Add citation now
  124. Reuters, Six automakers agree to climate pledge but VW, Toyota hold back. 2021, November, 10 Automotive News Europe:
    Paper not yet in RePEc: Add citation now
  125. Rogge, K.S. ; Dütschke, E. What makes them believe in the low-carbon energy transition? Exploring corporate perceptions of the credibility of climate policy mixes. 2018 Environmental Science and Policy. 87 74-84
    Paper not yet in RePEc: Add citation now
  126. Roll, R. A critique of the asset pricing theory’s tests’ part I: On past and potential testability of the theory. 1977 Journal of Financial Economics. 4 129-176
    Paper not yet in RePEc: Add citation now
  127. Rungcharoenkitkul, P. Macroeconomic effects of COVID-19: A mid-term review. 2021 Pacific Economic Review. 26 439-458

  128. Ryngaert, M. ; Netter, J. Shareholder wealth effects of the 1986 Ohio antitakeover law revisited: Its real effects. 1990 Journal of Law, Economics, and Organization. 6 253-262

  129. Salinger, M. Value event studies. 1992 Review of Economics and Statistics. 74 671-677

  130. Seltzer, L.H. ; Starks, L. ; Zhu, Q. Climate regulatory risk and corporate bonds (No. w29994). 2022 National Bureau of Economic Research:

  131. Semieniuk, G. ; Campiglio, E. ; Mercure, J.F. ; Volz, U. ; Edwards, N.R. Low-carbon transition risks for finance. 2021 Wiley Interdisciplinary Reviews: Climate Change. 12 -

  132. Shahab, Y. ; Hussain, T. ; Wang, P. ; Zhong, M. ; Kumar, S. Business groups and environmental violations: Evidence from China. 2023 International Review of Financial Analysis. 85 -

  133. Siegel, S. Non-parametric statistics for the behavioral sciences. 1956 McGraw-Hill: New York
    Paper not yet in RePEc: Add citation now
  134. Simon, F. A step in the right direction: EU reacts to COP26 deal. 2021, November, 15 Euractiv:
    Paper not yet in RePEc: Add citation now
  135. Singh, S. ; Sheldrick, A. ; Browning, N. 'Down' and 'out'? COP26 wording clouds way ahead on climate. 2021, November, 15 Reuters:
    Paper not yet in RePEc: Add citation now
  136. Sirus, S. India to finalise COP26 climate goals after inter- ministerial discussions, minister Yadav says. 2022, March, 2 The Print:
    Paper not yet in RePEc: Add citation now
  137. Stambaugh, R.F. On the exclusion of assets from tests of the two-parameter model: A sensitivity analysis. 1982 Journal of Financial Economics. 10 237-268

  138. Takeda, F. ; Tomozawa, T. A change in market responses to the environmental management ranking in Japan. 2008 Ecological Economics. 67 465-472

  139. The White House, President biden signs executive order catalyzing America’s clean energy economy through federal sustainability. 2021, December, 8 Statements and Releases:
    Paper not yet in RePEc: Add citation now
  140. United Nations Environment Programme (UNEP), The financial system we need: Aligning the financial system with sustainable development. 2015 :
    Paper not yet in RePEc: Add citation now
  141. Venturini, A. Climate change, risk factors and stock returns: A review of the literature. 2022 International Review of Financial Analysis. 79 -

  142. Wai Kong Cheung, A. Do stock investors value corporate sustainability? Evidence from an event study. 2011 Journal of Business Ethics. 99 145-165

  143. Watts, J. China calls for concrete action not distant targets in last week of COP26. 2021, November, 8 The Guardian:
    Paper not yet in RePEc: Add citation now
  144. World Bank, GDP (current US$). 2020 En : World development indicators. Databank:
    Paper not yet in RePEc: Add citation now
  145. Xing, C. ; Zhang, Y. ; Tripe, D. Green credit policy and corporate access to bank loans in China: The role of environmental disclosure and green innovation. 2021 International Review of Financial Analysis. 77 -

  146. Xu, X. ; Huang, S. ; Fellenz, M.R. ; Haizhong, A. The impacts of climate policy uncertainty on stock markets: Comparison between China and the us. 2023 International Review of Financial Analysis. 88 -

  147. Xu, X.D. ; Zeng, S.X. ; Tam, C.M. Stock market’s reaction to disclosure of environmental violations: Evidence from China. 2012 Journal of Business Ethics. 107 227-237

  148. Zhang, H. ; Tao, L. ; Yang, B. ; Bian, W. The relationship between public participation in environmental governance and corporations’ environmental violations. 2023 Finance Research Letters. 53 -

Cocites

Documents in RePEc which have cited the same bibliography

  1. The low-carbon transition, climate commitments and firm credit risk. (2025). Nyholm, Ken ; Vozian, Katia ; Carbone, Sante ; Giuzio, Margherita ; Kapadia, Sujit ; Krmer, Johannes Sebastian.
    In: SAFE Working Paper Series.
    RePEc:zbw:safewp:312432.

    Full description at Econpapers || Download paper

  2. Spotlight on physical risk: Assessing the banks stock reaction to the ECB climate stress test. (2025). Fiordelisi, Franco ; Ricci, Ornella ; Santilli, Gianluca.
    In: International Review of Financial Analysis.
    RePEc:eee:finana:v:98:y:2025:i:c:s1057521924008147.

    Full description at Econpapers || Download paper

  3. Sustainability, energy finance and the role of central banks: A review of current insights and future research directions. (2025). Szczygielski, Jan Jakub ; Obojska, Lidia ; Gajdka, Jerzy ; Charteris, Ailie ; Brzeszczyski, Janusz ; Marcinkowska, Monika.
    In: Energy Economics.
    RePEc:eee:eneeco:v:144:y:2025:i:c:s014098832400793x.

    Full description at Econpapers || Download paper

  4. Pricing climate transition risk: Evidence from European corporate CDS. (2025). Costola, Michele ; Vozian, Katia.
    In: Energy Economics.
    RePEc:eee:eneeco:v:143:y:2025:i:c:s0140988325000714.

    Full description at Econpapers || Download paper

  5. Climate transition spillovers and sovereign risk: Evidence from Indonesia. (2025). Monasterolo, Irene ; Gallagher, Kevin ; Gourdel, Rgis.
    In: Energy Economics.
    RePEc:eee:eneeco:v:143:y:2025:i:c:s0140988325000349.

    Full description at Econpapers || Download paper

  6. .

    Full description at Econpapers || Download paper

  7. .

    Full description at Econpapers || Download paper

  8. Pluralist economics in an era of polycrisis. (2024). Hötte, Kerstin ; Schulz, Jan ; Htte, Kerstin ; Mayerhoffer, Daniel M.
    In: Review of Evolutionary Political Economy.
    RePEc:spr:revepe:v:5:y:2024:i:2:d:10.1007_s43253-024-00128-y.

    Full description at Econpapers || Download paper

  9. The climate crisis meets the ECB: tinkering around the edges or paradigm shift?. (2024). Dafermos, Yannis.
    In: Working Papers.
    RePEc:soa:wpaper:264.

    Full description at Econpapers || Download paper

  10. Family firms and carbon emissions. (2024). Kowalewski, Oskar ; Eugster, Nicolas ; Klein, Paul-Olivier ; Borsuk, Marcin.
    In: Post-Print.
    RePEc:hal:journl:hal-04710120.

    Full description at Econpapers || Download paper

  11. Do ESG scores affect financial systemic risk? Evidence from European banks and insurers. (2024). Gianfrancesco, Igor ; Onorato, Grazia ; Curcio, Domenico ; Vioto, Davide.
    In: Research in International Business and Finance.
    RePEc:eee:riibaf:v:69:y:2024:i:c:s0275531924000436.

    Full description at Econpapers || Download paper

  12. How cheap talk in climate disclosures relates to climate initiatives, corporate emissions, and reputation risk. (2024). Webersinke, Nicolas ; Kraus, Mathias ; Leippold, Markus ; Bingler, Julia Anna.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:164:y:2024:i:c:s0378426624001080.

    Full description at Econpapers || Download paper

  13. Analysis of the transmission of carbon taxes using a multi-sector DSGE. (2024). Sudo, Nao ; Naka, Tomomi ; Matsumura, Kohei.
    In: Energy Economics.
    RePEc:eee:eneeco:v:136:y:2024:i:c:s0140988324003505.

    Full description at Econpapers || Download paper

  14. Banks and non-banks stressed: liquidity shocks and the mitigating role of insurance companies. (2024). Miccio, Debora ; Gallet, Sbastien ; Schltter, Sebastian ; Kotronis, Stelios ; Sottocornola, Matteo ; Sydow, Matthias ; Dubiel-Teleszynski, Tomasz ; Fukker, Gbor ; Grndl, Helmut ; Franch, Fabio ; Pellegrino, Michela.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20243000.

    Full description at Econpapers || Download paper

  15. Designing a macroprudential capital buffer for climate-related risks. (2024). Tamburrini, Fabio ; Simoens, Mathieu ; Grill, Michael ; Spaggiari, Martina ; Busies, Iulia ; Bartsch, Florian ; Emambakhsh, Tina.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20242943.

    Full description at Econpapers || Download paper

  16. The globalization of climate change: amplification of climate-related physical risks through input-output linkages. (2024). Senner, Richard ; Fahr, Stephan ; Vismara, Andrea.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20242942.

    Full description at Econpapers || Download paper

  17. Loan guarantee and portfolio greening: evidence from European credit registers. (2024). Reghezza, Alessio ; Perdichizzi, Salvatore ; Miquel-Flores, Ixart ; Buchetti, Bruno.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20242916.

    Full description at Econpapers || Download paper

  18. Climate transition risk in the banking sector: what can prudential regulation do?. (2024). Grill, Michael ; Rancoita, Elena ; Popescu, Alexandra.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20242910.

    Full description at Econpapers || Download paper

  19. The impact of climate change and policies on productivity. (2024). Strobel, Johannes ; Schulte, Patrick ; Röhe, Oke ; Parker, Miles ; Meriküll, Jaanika ; Colciago, Andrea ; Bijnens, Gert ; Anyfantaki, Sofia ; Loureno, Nuno ; Schroth, Joachim ; de Mulder, Jan ; Merikull, Jaanika ; Falck, Elisabeth ; Labhard, Vincent ; Lopez-Garcia, Paloma ; Rohe, Oke.
    In: Occasional Paper Series.
    RePEc:ecb:ecbops:2024340.

    Full description at Econpapers || Download paper

  20. Towards a climate just financial system. (2023). Dafermos, Yannis.
    In: Working Papers.
    RePEc:soa:wpaper:259.

    Full description at Econpapers || Download paper

  21. Environmental sustainability and financial stability: can macroprudential stress testing measure and mitigate climate-related systemic financial risk?. (2023). Demenno, Mercy Berman.
    In: Journal of Banking Regulation.
    RePEc:pal:jbkreg:v:24:y:2023:i:4:d:10.1057_s41261-022-00207-2.

    Full description at Econpapers || Download paper

  22. Too Levered for Pigou: Carbon Pricing, Financial Constraints, and Leverage Regulation. (2023). Döttling, Robin ; Dottling, Robin ; Rola-Janicka, Magdalena.
    In: OSF Preprints.
    RePEc:osf:osfxxx:ds7bx.

    Full description at Econpapers || Download paper

  23. The Geography of Climate Change Risk Analysis at Central Banks in Europe. (2023). Wojcik, Dariusz ; Burger, Csaba.
    In: MNB Occasional Papers.
    RePEc:mnb:opaper:2023/150.

    Full description at Econpapers || Download paper

  24. Family Ownership and Carbon Emissions. (2023). Kowalewski, Oskar ; Eugster, Nicolas ; Klein, Paul-Olivier ; Borsuk, Marcin.
    In: Working Papers.
    RePEc:ies:wpaper:f202301.

    Full description at Econpapers || Download paper

  25. The Evolving Academic Field of Climate Finance. (2023). Tufano, Peter ; Gasparini, Matteo.
    In: Harvard Business School Working Papers.
    RePEc:hbs:wpaper:23-057.

    Full description at Econpapers || Download paper

  26. The CO2 content of the TLTRO III scheme and its greening. (2023). Pagliari, Maria Sole ; Van, Jens ; Senni, Chiara Colesanti.
    In: LSE Research Online Documents on Economics.
    RePEc:ehl:lserod:120562.

    Full description at Econpapers || Download paper

  27. Exposures to climate changes physical risks in Chile. (2023). Madeira, Carlos ; Cortina, Magdalena.
    In: Latin American Journal of Central Banking (previously Monetaria).
    RePEc:eee:lajcba:v:4:y:2023:i:2:s266614382300011x.

    Full description at Econpapers || Download paper

  28. Climate change and credit risk: The effect of carbon tax on Italian banks business loan default rates. (2023). Angelico, Cristina ; Aiello, Maria Alessia.
    In: Journal of Policy Modeling.
    RePEc:eee:jpolmo:v:45:y:2023:i:1:p:187-201.

    Full description at Econpapers || Download paper

  29. Climate risks and financial stability: Evidence from the European financial system. (2023). Chabot, Miia ; Bertrand, Jean-Louis.
    In: Journal of Financial Stability.
    RePEc:eee:finsta:v:69:y:2023:i:c:s1572308923000906.

    Full description at Econpapers || Download paper

  30. Climate change and financial systemic risk: Evidence from US banks and insurers. (2023). Gianfrancesco, Igor ; Curcio, Domenico ; Vioto, Davide.
    In: Journal of Financial Stability.
    RePEc:eee:finsta:v:66:y:2023:i:c:s1572308923000323.

    Full description at Econpapers || Download paper

  31. Non-banks contagion and the uneven mitigation of climate risk. (2023). Gourdel, Regis ; Sydow, Matthias.
    In: International Review of Financial Analysis.
    RePEc:eee:finana:v:89:y:2023:i:c:s1057521923002557.

    Full description at Econpapers || Download paper

  32. Just “blah blah blah”? Stock market expectations and reactions to COP26. (2023). Birindelli, Giuliana ; Paimanova, Viktoriia ; Palea, Vera ; Miazza, Aline.
    In: International Review of Financial Analysis.
    RePEc:eee:finana:v:88:y:2023:i:c:s1057521923002156.

    Full description at Econpapers || Download paper

  33. Too levered for Pigou: carbon pricing, financial constraints, and leverage regulation. (2023). Döttling, Robin ; Dottling, Robin ; Rola-Janicka, Magdalena.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20232812.

    Full description at Econpapers || Download paper

  34. The climate and the economy. (2023). Schepens, Glenn ; Porcellacchia, Davide ; Popov, Alexander ; Olovsson, Conny ; Maćkowiak, Bartosz ; Marques-Ibanez, David ; Breckenfelder, Johannes ; Marques-Ibaez, David ; Makowiak, Bartosz.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20232793.

    Full description at Econpapers || Download paper

  35. The Road to Paris: stress testing the transition towards a net-zero economy. (2023). Pizzeghello, Riccardo ; Fuchs, Maximilian ; Spaggiari, Martina ; Lelli, Chiara ; Kouratzoglou, Charalampos ; Salleo, Carmelo ; Emambakhsh, Tina ; Kordel, Simon.
    In: Occasional Paper Series.
    RePEc:ecb:ecbops:2023328.

    Full description at Econpapers || Download paper

  36. Enhancing climate resilience of monetary policy implementation in the euro area. (2023). Porcel, Rafel Moya ; Cruz, Lia Vaz ; Aubrechtova, Jana ; Heinle, Elke ; Torres, Boris Osorno ; Piloiu, Anamaria ; Silvonen, Torsti ; Queiroz, Ricardo.
    In: Occasional Paper Series.
    RePEc:ecb:ecbops:2023318.

    Full description at Econpapers || Download paper

  37. The valuation haircuts applied to eligible marketable assets for ECB credit operations. (2023). Camba-Mendez, Gonzalo ; Daja, Tomislav ; Metra, Matteo ; Adler, Martin ; Vocalelli, Giorgio ; Manzanares, Andres.
    In: Occasional Paper Series.
    RePEc:ecb:ecbops:2023312.

    Full description at Econpapers || Download paper

  38. The CO2 content of the TLTRO III scheme and its greening. (2023). Pagliari, Maria Sole ; van At, Jens ; Senni, Chiara Colesanti.
    In: Working Papers.
    RePEc:dnb:dnbwpp:792.

    Full description at Econpapers || Download paper

  39. An Exploration of Climate-Related Financial Risks for Credit Guarantee Schemes in Europe. (2022). Calice, Pietro ; Reinders, Jan.
    In: Policy Research Working Paper Series.
    RePEc:wbk:wbrwps:10232.

    Full description at Econpapers || Download paper

  40. The low-carbon transition, climate commitments and firm credit risk. (2022). Kapadia, Sujit ; Giuzio, Margherita ; Carbone, Sante ; Nyholm, Ken ; Vozian, Katia ; Kramer, Johannes Sebastian.
    In: Working Paper Series.
    RePEc:hhs:rbnkwp:0409.

    Full description at Econpapers || Download paper

  41. Greening collateral frameworks. (2022). Nikolaidi, Maria ; Dafermos, Yannis ; van Lerven, Frank ; Gabor, Daniela.
    In: LSE Research Online Documents on Economics.
    RePEc:ehl:lserod:116640.

    Full description at Econpapers || Download paper

  42. Fund portfolio networks: A climate risk perspective. (2022). Amzallag, Adrien.
    In: International Review of Financial Analysis.
    RePEc:eee:finana:v:84:y:2022:i:c:s1057521922002174.

    Full description at Econpapers || Download paper

  43. Non-banks contagion and the uneven mitigation of climate risk. (2022). Gourdel, Regis ; Sydow, Matthias.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20222757.

    Full description at Econpapers || Download paper

  44. Euro Area banks sensitivity to changes in carbon price. (2022). Mingarelli, Luca ; Belloni, Marco ; Kuik, Friderike.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20222654.

    Full description at Econpapers || Download paper

  45. A literature review of securities holdings statistics research and a practitioner€™s guide. (2022). Boermans, Martijn.
    In: Working Papers.
    RePEc:dnb:dnbwpp:757.

    Full description at Econpapers || Download paper

  46. Effects of Precipitation on Food Consumer Price Inflation. (2022). Moessner, Richhild.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_9961.

    Full description at Econpapers || Download paper

  47. Advances in numerical weather prediction, data science, and open‐source software herald a paradigm shift in catastrophe risk modeling and insurance underwriting. (2022). Slingo, Julia ; Steptoe, Hamish ; Souch, Claire.
    In: Risk Management and Insurance Review.
    RePEc:bla:rmgtin:v:25:y:2022:i:1:p:69-81.

    Full description at Econpapers || Download paper

  48. Climate change and credit risk: the effect of carbon taxes on Italian banks business loan default rates. (2022). Angelico, Cristina ; Aiello, Maria Alessia.
    In: Questioni di Economia e Finanza (Occasional Papers).
    RePEc:bdi:opques:qef_688_22.

    Full description at Econpapers || Download paper

  49. OeNB climate risk stress test – modeling a carbon price shock for the Austrian banking sector. (2021). Schneider, Martin ; Hesse, Jannika ; Krenn, Gerald ; Konigswieser, Csilla ; Lipp, Christian ; Neudorfer, Benjamin ; Weiss, Philipp ; Guth, Martin.
    In: Financial Stability Report.
    RePEc:onb:oenbfs:y:2021:i:42:b:1.

    Full description at Econpapers || Download paper

  50. Climate change and monetary policy in the euro area. (2021). Theofilakou, Anastasia ; Tamburrini, Fabio ; Stracca, Livio ; Setzer, Ralph ; Santabárbara, Daniel ; Röhe, Oke ; Rachedi, Omar ; Prammer, Doris ; Popov, Alexander ; Piloiu, Anamaria ; Petroulakis, Filippos ; Papadopoulou, Niki ; Parker, Miles ; Mongelli, Francesco ; Moench, Emanuel ; Montes-Galdón, Carlos ; Mistretta, Alessandro ; Meinerding, Christoph ; Lydon, Reamonn ; Lozej, Matija ; Boneva, Lena ; Hebbink, Gerbert ; Guarda, Paolo ; Grüning, Patrick ; Giovannini, Alessandro ; Garcia Sanchez, Pablo ; Ferrari, Alessandro ; FAIELLA, IVAN ; estrada, Angel ; End, Jan Willem ; Di Nino, Virginia ; Dees, Stephane ; Delgado-Téllez, Mar ; DARRACQ PARIES, Matthieu ; Breitenfellner, Andreas ; Avgousti, Aristoklis ; Kashama, Melissa Kasongo ; Russo, Simone ; Isgro, Lorenzo ; Montes-Galdon, Carlos ; Gomez, Gonzalo Yebes ; Gruning, Patrick ; Fornari, Fabio ; Bun, Maurice ; Hlaskova, Sarah Jane ; Osorno-Torres, Boris ; Bua, Giovanna ; Farkas, Matyas ; Queiroz, Ricardo ; Cruz, Lia Vaz ; Adao, Bernardino ; Ferrucci, Gianluigi ; Lopez-Garcia, Paloma ; Sotomayor, Beatriz ; Garcia-Sanchez, Pablo ; Faccia, Donata ; Ciccarelli, Matteo ; Rognone, Lavinia ; Diez-Caballero, Arturo ; Muller, Georg ; Manninen, Otso ; Mendoza, Alberto Fuertes ; Santabarbara, Daniel ; Mikkonen, Katri ; Ploj, Gasper ; Page, Adrian ; Weth, Mark Andreas ; Kapp, Daniel ; Ouvrard, Jean-Franois ; Rohe, Oke ; Pointner, Wolfgang ; Tellez, Mar Delgado ; Holthausen, Cornelia ; van den End, Jan Willem ; Manzanares, Andres ; Drudi, Francesco ; Andersson, Malin ; Duarte, Claudia ; Aubrechtova, Jana ; Caprioli, Francesco ; McInerney, Niall ; Osiewicz, Malgorzata ; Tsalaporta, Pinelopi ; Barbiero, Francesca ; Ioannidis, Michael ; Alogoskoufis, Spyros ; Roos, Madelaine ; Nerlich, Carolin ; Schotten, Guido ; Weber, Pierre-Franois.
    In: Occasional Paper Series.
    RePEc:ecb:ecbops:2021271.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-10-05 21:13:00 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.