We examine the impact of firms’ voluntary climate disclosure on the stock market’s reaction to climate change policy. Using the Paris Agreement as an exogenous shock to climate policy and novel measures of climate-related disclosure developed in recent literature, we find that...

We examine the effects of social interaction among equity analysts on the transmission of geographic-specific information and the quality of analysts' forecasts. We focus on interactions among local peers, defined as analysts who work in the same brokerage office (officemates) who cover...