In this study, we attempt to revisit how dependent the US stock market returns are on climate change-related risks (CCRR). In this regard, we use a spillover and connectedness network analysis to assess the strength of the causal effect and transmission pathway of CCRR proxies (green index,...

In this paper, we analyze the connection between climate change and stock return volatility. We use temperature anomalies to measure climate change and examine the role of technology shocks. Our study covers decades of data from 1880 to 2018, and we use a new dataset to track technology shocks....

We investigate the uncertainty dynamics surrounding extreme weather events through the lens of option and stock markets by identifying market responses to the uncertainty regarding both potential hurricane landfall and subsequent economic impact. Stock options on firms with establishments...