Showing 1 - 10 of 3,796
This paper finds evidence that stock returns vary with the physical climate change exposure of firms in a predictable manner. We construct measures of exposures to physical climate changes at the firm level, and find that firms with high climate change exposures experience lower future...
Persistent link: https://www.econbiz.de/10013248340
damaged by an unusually destructive earthquake. Almost all of the houses were insured. We ask whether insurance was able to … mitigate the damage adequately, or whether the damage from the earthquake, and the associated insurance payments, led to a … spatial re-ordering of the housing market in the city. We find a negative correlation between insurance pay-outs and house …
Persistent link: https://www.econbiz.de/10012288010
How damaging are uncertainty shocks during extreme events such as the great recession and the Covid-19 outbreak? Can monetary policy limit output losses in such situations? We use a nonlinear VAR framework to document the large response of real activity to a financial uncertainty shock during...
Persistent link: https://www.econbiz.de/10012288020
Effective agricultural insurance and risk management program rely on accurate crop yield forecasting. In this paper, we … propose a novel deep factor model for crop yield forecasting and crop insurance ratemaking. This framework first utilizes a …-of-sample crop insurance rating game between a private insurer and the government, we show that the proposed deep factor model …
Persistent link: https://www.econbiz.de/10014348805
banking and insurance performance, and evaluate the forecasts from our model. We find that taking unobserved common factors …
Persistent link: https://www.econbiz.de/10003832732
insurance performance, and evaluate the forecasts from our model. We find that taking unobserved common factors into account …
Persistent link: https://www.econbiz.de/10013134544
The previous performance evaluation studies towards non-life insurance companies emphasized on the comparative … evaluation among public and private sector companies. Early detection and diagnosis of bankruptcy of insurance companies is much … variables and determine how they contribute to bankruptcy risk prediction, based on which the non-life insurance companies are …
Persistent link: https://www.econbiz.de/10013009534
By its emissions of greenhouse gases, economic activity is the source of climate change which affects pandemics that in turn can impact badly on economies. Across the three highly interacting disciplines in our title, time-series observations are measured at vastly different data frequencies:...
Persistent link: https://www.econbiz.de/10012804940
The energy transition requires substantial amounts of metals such as copper, nickel, cobalt and lithium. Are these metals a key bottleneck? We identify metal-specific demand shocks, estimate supply elasticities and pin down the price impact of the energy transition in a structural scenario...
Persistent link: https://www.econbiz.de/10012651692
Climate change is predicted to substantially alter forest growth. Optimally, forest owners should take these future changes into account when making rotation decisions today. However, the fundamental uncertainty surrounding climate change makes predicting these shifts hard. Hence, this paper...
Persistent link: https://www.econbiz.de/10012015877