12, I find that higher temperature anomalies lower sovereign bond performances (i.e., increase sovereign risk …

has three components: the pure rate of time preference, a measure of relative risk aversion, and the rate of growth of per … respect to consumption is particularly important because it assumes three roles: consumption smoothing over time, risk … rates of risk and inequity aversion can be expected to play significant roles. The consumption growth rate plays multiple …

This study investigates how a firm's climate change risk (FCCR) and financial flexibility (FIFL) affect its value and … effects with Driscoll-Kraay standard errors. Our main findings indicate that climate change risk has a negative effect on firm … value and a positive effect on ESG performance and that financial flexibility moderates these effects by reducing risk and …

sectors via the destruction of capital stocks and jumps in risk premia. These disruptions often entail negative feedback … effects of rare large disasters resulting in capital losses and rising risk premia. Our proposed multi-phase dynamic model …

In this paper, we investigate how climate risk impacts the sovereign risk, the stock market evolution, and the degree … as a percentage of GDP. Moreover, the climate risk leads to an increase in sovereign risk only across inferior quantiles … competitiveness of a country is influenced to a small extent by the level of climate risk. This could be a consequence of concerns …

) approach to evaluating the hedging effectiveness of clean energy stocks. The out-of-sample forecast evaluations of the oil risk …-based and climate risk-based clean energy predictive models are explored using Clark and West's model (2007) and a modified … evidence that clean energy stocks may hedge against oil market risks. This result is robust to alternative measures of oil risk …

shareholders, including their further sale. Share repurchase is like dividend payout a form of transferring profit to shareholders … adjusted Polish legal solutions to those valid in developed capital markets. -- payout policy ; share repurchase ; dividend …