SAUTNER, ZACHARIAS; VAN LENT, LAURENCE; VILKOV, GRIGORY; … - In: The Journal of Finance 78 (2023) 3, pp. 1449-1498
We develop a method that identifies the attention paid by earnings call participants to firms' climate change exposures. The method adapts a machine learning keyword discovery algorithm and captures exposures related to opportunity, physical, and regulatory shocks associated with climate change....