price, the equilibrium risk-free rate, and risk premia. Climate disasters, which are more likely to occur sooner as … temperature rises, significantly increase risk premia. …

Climate change becomes a common threat to the world and has been studied by scholars in various fields. In the field of … finance, many papers discuss the financial market efficiency toward climate change in order to better manage related risk. Our … work focuses on the topic of climate change risk in the stock market. We use the long-term trends of the newly released …

change disclosures in this association using a sample of firms across the world. We find that carbon risk is positively …We examine the association between carbon risk and future stock price crash risk and the moderating role of climate … associated with future stock price crash risk, and firm-level climate-change disclosures attenuate the positive effect of carbon …

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 …

risk of a sector that is caused not by a direct change in that sector but by a change in another sector that affects the … composition of the stock market. In the paper we investigate the pre and during crisis market risk of the industrial, banking and … market risk of industrials during the crisis and both the pre-crisis market risk of the banking sector and the scale of the …

Political risk, one of the most significant uncertainty shocks, affects firms' future attitudes toward risks and plays … a crucial role in their decision making. A stock price crash risk is a classical topic in financial markets; therefore …, this paper probes the relationship between firm-level political risk and stock price crash risk based on a sample of …