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Climatic disasters and distracted analysts

Han, Yuqi; Mao, Connie X.; Tan, Hongping; Zhang, Chi - In: Contemporary accounting research : the journal of the … 41 (2024) 2, pp. 1120-1150

Persistent link: https://www.econbiz.de/10014560471

Climatic Disasters and Distracted Analysts

Han, Yuqi; Mao, Connie X.; Tan, Hongping; Zhang, Chi - 2021

Using staggered climatic disasters in the U.S, we find that earnings forecasts by analysts who experienced a major climatic disaster become less accurate than those by the unaffected analysts within three months after the disaster due to distracted attention. Stock prices respond less strongly...

Persistent link: https://www.econbiz.de/10013220377

Climate change, firm performance, and investor surprises

Pankratz, Nora; Bauer, Rob; Derwall, Jeroen - 2023

Persistent link: https://www.econbiz.de/10014239869

Climate change, firm performance, and investor surprises

Pankratz, Nora; Bauer, Rob; Derwall, Jeroen - 2022 - This version: April 12, 2022

Persistent link: https://www.econbiz.de/10013539150

Climate Change, Analyst Forecasts, and Market Behavior

Cuculiza, Carina; Kumar, Alok; Xin, Wei; Zhang, Chendi - 2021

This study examines whether sell-side equity analysts help the market assimilate information contained in global climate change. Using a new measure of firm sensitivity to climate change, we show that analysts located in states where firms exhibit greater sensitivity to abnormal temperature...

Persistent link: https://www.econbiz.de/10014361800

Climate change, firm performance, and investor surprises

Pankratz, Nora; Bauer, Rob; Derwall, Jeroen - In: Management science : journal of the Institute for … 69 (2023) 12, pp. 7352-7398

Persistent link: https://www.econbiz.de/10014444140

Do Investors Care About Carbon Risk? A Global Perspective

Zhang, Shaojun - 2022

Companies face significant carbon-transition risk as the global economy works to combat climate change. This paper studies the market-based premium associated with the carbon-transition risk globally and finds that firms with more carbon-intense business models earn higher returns in recent...

Persistent link: https://www.econbiz.de/10013403934

Hedging potentials of green investments against climate and oil market risks

Adediran, Idris A.; Swaray, Raymond; Orekoya, Aminat O.; … - In: Fulbright review of economics and policy 3 (2023) 1, pp. 49-73

) approach to evaluating the hedging effectiveness of clean energy stocks. The out-of-sample forecast evaluations of the oil risk … Diebold & Mariano forecast evaluation test for nested and non-nested models, respectively. Findings - The study finds ample … also conducts forecast evaluations of the clean energy predictive models for nested and non-nested models. …

Persistent link: https://www.econbiz.de/10014310571

How Do Voluntary Disclosures on Climate Risk and Their Tone Affect CDS Premiums?

Imerman, Michael B.; Ye, Xiaoxia; Zhao, Ran - 2022

We examine the effect of voluntary climate risk disclosure on Credit Default Swap (CDS) premiums. We develop a structural credit risk model, in which climate-related disclosures serve as an information source reducing uncertainty about climate risks. The model predicts a negative relation...

Persistent link: https://www.econbiz.de/10013404223

Attention to Global Warming

Choi, Darwin - 2020

We find that people revise their beliefs about climate change upward when experiencing warmer than usual temperatures in their area. Using international data, we show that attention to climate change, as proxied by Google search volume, increases when the local temperature is abnormally high. In...

Persistent link: https://www.econbiz.de/10012852282

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