This paper examines the pricing of a firm's carbon risk in the corporate bond market. Contrary to the "carbon risk premium" hypothesis, bonds of more carbon-intensive firms earn significantly lower returns. This effect cannot be explained by a comprehensive list of bond characteristics and...

This paper examines whether economic links with major corporate customers curb corporate carbon emissions. We show that supplier firms with a concentrated customer base have significantly lower carbon emissions. The baseline results are robust to alternative measures of carbon emissions and...

We examine the impact of international gender diversity reforms in the board of directors on carbon emissions. Employing a difference-in-differences-in-differences analysis, we analyze the relationship between the increase in female representation on boards following these reforms and changes in...