This paper examines the impact of transition and physical climate risk on stock markets using, for the first time in … results suggest a positive impact of transition risk on stock returns and a negative one of physical risk, especially in the … short term. Further, while physical risk appears to have an immediate impact, transition risk is shown to affect stock …

This paper determines whether the world market risk, country-specific total risk, and country-specific idiosyncratic …, stacked time-series, and pooled panel regressions indicate that the world market risk is not, but country-specific total and … risk are priced in an international capital asset pricing model (ICAPM). The paper also tests if the price of risk …

We conduct an international analysis of the cross-sectional risk premiums of uncertainty risk factors in addition to … traditional risk factors. We consider the stock markets in five regions separately. Internationally, uncertainty has negative risk … uncertainty betas. We further contribute with an analysis of downside uncertainty risk. Here, the downside uncertainty risk factor …