This study investigates whether corporate climate risk is priced by the capital markets. Using carbon dioxide emission … rates of publicly traded U.S. electric companies, we find that climate risk is positively associated with cost of capital … investors evaluate corporate climate risk differently. The results show that the cost of debt decreases with the level of …

risk for financial reporting. We argue that current disclosure regulation likely requires the disclosure of climate risk on …, heightened litigation risk, and increasing investor awareness. Field evidence shows that the majority of investors believe … climate risk to be financially material and to represent heightened regulatory and litigation risk. We find a misalignment of …

Managers are required to disclose material climate risk (CR) in Form 10-K, but their decision whether or not to … whether the association between disclosing CR in 10-Ks and firm risk (proxied by cost of equity (COE)) varies with market …

Increasingly adverse climatic conditions have created greater systematic risk for companies throughout the global … economy. Few studies have directly examined the consequences of climate-related risk on financing choices by publicly …-listed firms across the globe. We attempt to do so using the Global Climate Risk Index compiled and published by Germanwatch (Kreft …

auditor perception of greater risk arising from higher emitting clients. Our findings are robust to alternate specifications …

This study explores the influence of climate risk on properties of firms’ financial reporting practices with … observations collected from 64 countries between 2005 and 2016. We use a country-level climate risk indicator developed by … Germanwatch to measure the degree of damage from extreme weather events, and find that climate risk positively influences firms …

greater risk to the supply chain as a whole than those originating from a non-opaque supplier. Using proxies for the firm …

We investigate the current state of climate-related risk disclosures and assurance in Australia to provide preliminary … material climate risk disclosures. We supplement this analysis with insights from semi-structured interviews. Our findings show … an albeit small but increasing number of companies recognising the impact of climate risk with more entity …

likely to make climate-related risk disclosures than their counterparts and tend to disclose more information in their annual …