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We study the effect of corporate exposure to weather on bond yield spread. We construct three firm-level weather … exposure measures and find that firms exposed to greater weather risk experience substantially higher yield spread on their … bonds in the secondary and primary markets. Chanel tests reveal that the link between corporate weather exposure and yield …
Persistent link: https://www.econbiz.de/10012840295
profitability. Our results are consistent with findings of a tenuous relation between temperature and aggregate economic growth in …
Persistent link: https://www.econbiz.de/10012867659
We present a framework to identify market responses to the uncertainty regarding both potential hurricane landfall and subsequent economic impact. Stock options of firms with establishments in the landfall region exhibit large, long-lasting increases in implied volatility, reflecting impact...
Persistent link: https://www.econbiz.de/10012850911
We investigate the uncertainty dynamics surrounding extreme weather events through the lens of option and stock markets …
Persistent link: https://www.econbiz.de/10012181922
We present a framework to identify market responses to the uncertainty regarding both potential hurricane landfall and subsequent economic impact. Stock options of firms with establishments in the landfall region exhibit large, long-lasting increases in implied volatility, reflecting impact...
Persistent link: https://www.econbiz.de/10012847804
Persistent link: https://www.econbiz.de/10013270648
Persistent link: https://www.econbiz.de/10011943074
Several studies have focused on the relationship between the R2 and the firm value. They have tried to explain how different values of R2 affect the firm value. In this paper we examine this relationship for the Greek companies listed on the Greek Stock Exchange, analyzing a sample of 135 listed...
Persistent link: https://www.econbiz.de/10010469148
This study examines how family ownership affects the performance and capital structure of 613 Canadian firms using a panel dataset from 1998 to 2005. In particular, we distinguish the effect of family ownership from the use of control-enhancing mechanisms. We find that freestanding family-owned...
Persistent link: https://www.econbiz.de/10003560529
Persistent link: https://www.econbiz.de/10009313062