We explore the association between CEO compensation and carbon risk using firm level emission data for US firms between … 2010 and 2018. Our results show that firm’s carbon risk is positively associated with CEO’s total compensation, implying …

greater with increases in a firm’s vulnerability to climate change news risk. The industry’s resistance to a timely low … news risk increase after 2013, strengthening firms’ inclination to lobby just when this activity becomes less valued by …

system in the low-carbon transition can lead to a large underestimation of climate transition risk. The set of scenarios that … financial supervisors recommended to investors to analyse climate transition risk include scenarios labelled as ‘disorderly … reshaped depending on the timing and the extent by which financial actors assess climate risk …

We investigate financial experts' beliefs about climate risk pricing and analyze how those beliefs influence stock … return expectations. In a comprehensive survey, we elicit experts' beliefs using both structured and open-ended questions. We …. Differences in experts' mental models explain variation in return expectations in the short-term (1-year) and long-term (10-year …

Climate change has been recently recognised as a new source of risk for the financial system. Several financial …) challenge traditional approaches to macroeconomic and financial risk analysis. Embedding climate change in macroeconomic and … supervisors about the integration of climate change considerations in financial risk assessment …

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 … climate index, Actuaries Climate Index (ACI), as proxies for climate change risk. As a genre of production risk, ACI trends …

-functional climate risk management tools in forecasting, catastrophe modeling, pricing and hedging is thus crucial. By using …

low duration stocks underperform. Return differences are driven by emissions instead of duration. Overall, these patterns … premiums. Until 2008, risk-adjusted returns increase with emissions and decrease with duration. Thereafter, high emission and … carbon emissions, explains much of the recent underperformance of value stocks …