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Equity capital, bankruptcy risk and the liquidity trap
Levintal, Oren - 2011
equity capital to the risk-free interest rate. When equity capital falls, bankruptcy risks rise. Firms become more vulnerable …
Persistent link: https://www.econbiz.de/10010335985
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Klimaanpassung als wirtschaftspolitisches Handlungsfeld
Trela, Karl - 2014
Die wirtschaftspolitischen Implikationen der Klimaanpassung sind entscheidend für die Ausgestaltung einer eigenständigen Klimaanpassungspolitik und geben gleichzeitig wichtige Anreize zu politischem Handeln. Dieses Papier diskutiert daher eine mögliche wirtschaftspolitische Ausrichtung der...
Persistent link: https://www.econbiz.de/10010377179
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Politische Klimaanpassungsentscheidungen in Deutschland - Defizite und Ansatzpunkte für Entscheidungsunterstützungssysteme
Trela, Karl - 2014
Klimaanpassungspolitik wird in Deutschland auf verschiedenen politischen Ebenen betrieben. Dieses Papier untersucht auf Grundlage der ökonomischen Theorie der Anpassungspolitik Defizite dieser Politikansätze. Diese liegen in erster Linie in den folgenden Bereichen: unklare Abgrenzung von...
Persistent link: https://www.econbiz.de/10010435182
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Do Global Financial Markets Capitalise Sustainability? Evidence of a Quick Reversal
Moliterni, Fabio - 2018
This study investigates the growing importance of sustainability in equity markets by estimating whether company commitment to sustainability matters in corporate valuation. The spreading concern for social and environmental issues, and especially for the material risks of climate change,...
Persistent link: https://www.econbiz.de/10011957017
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Carbon Boards and Transition Risk: Explicit and Implicit exposure implications for Total Stock Returns and Dividend Payouts
Mazzarano, Matteo; Guastella, Gianni; Pareglio, Stefano; … - 2021
The Security and Exchange Commission (SEC) has considered climate change as a risk issue since 2010. Several emission … financial performances, especially of listed companies. There are two ways these companies can disclose their transition risk … exposure and are not alternatives. One is the explicit declaration of exposure to transition risk in the legally binding …
Persistent link: https://www.econbiz.de/10012819783
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Financing India's disaster risk resilience strategy
Ray, Saon; Jain, Samridhi; Thakur, Vasundhara - 2021
disaster risk resilience (DRR). This paper tries to emphasise the importance of DRR in dealing with natural catastrophesby …. It briefly talks about synergising risk reduction efforts with sustainable development goals through the Sendai Framework …
Persistent link: https://www.econbiz.de/10012625362
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Is Climate Transition Risk Priced into Corporate Credit Risk? Evidence from Credit Default Swaps
Ugolini, Andrea; Reboredo, Juan C.; Ojea-Ferreiro, Javier - 2023
We study whether climate transition risk is reflected in the credit default swap (CDS) spreads of firms. Using … risk (CTR) factor, and document how this factor shifts the term structure of the CDS spreads of more vulnerable firms but … that they have asymmetric and significant economic impacts on the credit risk of more vulnerable firms, and negligible …
Persistent link: https://www.econbiz.de/10014305706
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The impact of order size on stock liquidity: a representative study
Stange, Sebastian; Kaserer, Christoph - 2008
Liquidity, the ease of trading an asset, strongly varies between different sizes of stock positions. We analyze this aspect using the Xetra Liquidity Measure (XLM), which calculates daily, weighted spread for impatient traders transacting against the limit order book. For this measure, we have...
Persistent link: https://www.econbiz.de/10010305721
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Ownership Structure and Stock Market Liquidity
Næs, Randi - 2004
This paper studies the relationship between company ownership and market liquidity using a panel regression approach. The data sample contains detailed transactions data from a limit order driven stock market, and a full breakdown of company ownership into five distinct owner types as well as...
Persistent link: https://www.econbiz.de/10012143620
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The Ownership Structure of Repurchasing Firms
Skjeltorp, Johannes A.; Ødegaard, Bernt Arne - 2004
This paper provides an examination of the ownership structure in Norwegian firms that announced repurchase plans during the period 1999 through 2001, as well as for groups of these firms conditional on whether they actually executed repurchases or not. By using detailed information on various...
Persistent link: https://www.econbiz.de/10012143621