This study investigates the relationship between firm-level carbon productivity and volatility. With increasing interest in sustainable investing and inclusion of carbon productivity in financial assessments, we examine whether the market considers firms with high carbon productivity as less...

In this study, we examine the effects of manager’s perspectives on climate change on stock price crash risk. The analysis confirms that manager’s climate change perspective is negatively associated with future stock price crash risk likelihood. Various channel tests show that investor...

When establishing national climate change response policies, conflicts between various stakeholders may arise. Therefore, we need a collaborative climate change governance to coordinate stakeholders' opinions. Many countries have formed and operated committee-type governance to respond to...