The green bond market develops rapidly and aims to contribute to climate mitigation and adaptation significantly. Green bonds as any asset are subject to transition climate risk, namely, regulatory risk. This paper investigates the impact of unexpected political events on the risk and returns of...

We studied the relationship between sustainable investment indexes and examine whether this relationship varies in bullish, bearish, and stable financial markets. To understand this issue more deeply, we analyzed the connectedness between three indexes-the Sustainable Impact investments,...

We examine the ability of a socially responsible investment index to effect firms' compliance with best-practice climate-change management and the subsequent impact on their carbon emissions. Using a quasi-experimental setting involving an international sample of large public companies we show...