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Climate Change Salience and Firm Investment
Smith, Jake - 2022
I hypothesize that firms are more likely to make investments that reduce their CO2 emissions intensity if the threat of climate change is more salient. To test this, I examine mergers and acquisitions (M&A) in the US from 2012-2021 and exploit exogenous variation in exposure to abnormally warm...
Persistent link: https://www.econbiz.de/10014239270
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Dynamic Carbon Emission Management
Bustamante, Maria Cecilia; Zucchi, Francesca - 2022
investment as it becomes more costly to comply. We also show that polluting firms command a higher risk premium …
Persistent link: https://www.econbiz.de/10013405325
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Dynamic carbon emission management
Bustamante, Maria Cecilia; Zucchi, Francesca - 2024
, green investment, and the trading of carbon credits. We show that carbon pricing reduces firms' emissions but also induces … firms to tilt towards more immediate yet transient types of green investment-such as abatement as opposed to innovation …
Persistent link: https://www.econbiz.de/10014484214
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Outsourcing Climate Change
Dai, Rui; Duan, Rui; Liang, Hao; Ng, Lilian - 2021
This paper exploits newly available information on firms' direct (own production) and indirect (supplier-generated) carbon emission intensities and transaction-level imports to conduct an in-depth analysis of whether and how U.S. firms address climate change. We find robust evidence that U.S....
Persistent link: https://www.econbiz.de/10013241931
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Portfolio Primacy and Climate Change
Tallarita, Roberto - 2021
offers the first systematic critique of this theory. First, it demonstrates that the composition of investment portfolios can …
Persistent link: https://www.econbiz.de/10013214192
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Collaborative investor engagement with policymakers : changing the rules of the game?
Yamahaki, Camila; Marchewitz, Catherine - 2023
policy engagement to fulfill their fiduciary duty, improve investment risk management, and create an enabling environment for … sustainable finance literatures and offers governments insights on the demands of the investment community. …
Persistent link: https://www.econbiz.de/10014338086
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Exploring options to measure the climate consistency of real economy investments : the transport sector in Latvia
Dobrinevski, Alexander; Jachnik, Raphaël - 2020
highlights future investment and financing challenges, especially for road transport. The methodology piloted in this study can …
Persistent link: https://www.econbiz.de/10012422659
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Burn now or never? : climate change exposure and investment of fossil fuel firms
Adolfsen, Jakob Feveile; Heissel, Malte; Manu, Ana-Simona; … - 2024
We investigate the impact of expectations about future climate policy on investment decisions of fossil fuel firms. Our … empirical analysis reveals that firms with greater exposure to climate change significantly increased their investment in … response to the Paris Agreement, in contrast to firms with lower exposure. Importantly, investment was directed towards …
Persistent link: https://www.econbiz.de/10014558848
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Inside the blackbox of firm environmental efforts : evidence from emissions reduction initiatives
Achilles, Catrina; Limbach, Peter; Wolff, Michael; … - 2024
Using project-level data from the Carbon Disclosure Project, we demonstrate how firms actually reduce greenhouse gas emissions. Most firms mainly pursue projects with small investments (median $127,000) and short payback periods (maximum three years). Firms experiencing shortterm performance...
Persistent link: https://www.econbiz.de/10014631849
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Fossil Fuel-Related Investments and Climate Change
Schoenmaker, Dirk; Beetsma, Roel M. W. J.; de Coninck, … - 2022
Pressure is mounting on institutional investors to reduce the greenhouse gas emissions resulting from their fossil fuel-related investments. The latest climate change assessments indicate that 1.5°C emission pathways require (1) halving CO2 emissions between 2010 to 2030, and net zero CO2 in 2050;...
Persistent link: https://www.econbiz.de/10014361561