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Firm-specific climate risk and market valuation
16 references·16 citing·39 second hopsampled
Firm-specific climate risk and market valuation (2024)Firm-specific climate risk and market val…Sustainable investing in equilibrium (2020)Sustainable investing in equi…Do Investors Care about Carbon Risk? (2019)Do Investors Care about Carbo…What Do We Learn from the Weather? The New Climate-Economy Literature (2014)What Do We Learn from the Wea…When Is a Liability Not a Liability? Textual Analysis, Dictionaries, and 10‐Ks (2011)When Is a Liability Not a Lia…Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting (2010)Voluntary Nonfinancial Disclo…Annual report readability, current earnings, and earnings persistence (2008)Annual report readability, cu…Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis (2007)Revisiting the relation betwe…Accounting Information, Disclosure, and the Cost of Capital (2007)Accounting Information, Discl…The theory and practice of corporate finance: evidence from the field (2001)The theory and practice of co…On Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…Industry costs of equity (1997)Industry costs of equityEarnings, Book Values, and Dividends in Equity Valuation* (1995)Earnings, Book Values, and Di…Tobin's q, Corporate Diversification, and Firm Performance (1994)Tobin's q, Corporate Diversif…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…The Effects of Board Composition and Direct Incentives on Firm Performance (1991)The Effects of Board Composit…Management ownership and market valuation (1988)Management ownership and mark…When climate risk hits corporate value: The moderating role of financial constraints, flexibility, and innovation (2025)When climate risk hits corpor…Climate change exposure and green bonds issuance (2025)Climate change exposure and g…Corporate climate risk and bond credit spreads (2024)Corporate climate risk and bo…Climate change sentiment, ESG practices and firm value: international insights (2024)Climate change sentiment, ESG…Climate change affectedness and innovation in firms (2024)Climate change affectedness a…Do climate risk disclosures matter to financial analysts? (2023)Do climate risk disclosures m…Measuring weather exposure with annual reports (2022)Measuring weather exposure wi…In search of climate distress risk (2022)In search of climate distress…How Cheap Talk in Climate Disclosures relates to Climate Initiatives, Corporate Emissions, and Reputation Risk (2022)How Cheap Talk in Climate Dis…Do green bonds de-risk investment in low-carbon stocks? (2022)Do green bonds de-risk invest…Do Auditors Respond to Clients’ Climate Change-related External Risks? Evidence from Audit Fees (2022)Do Auditors Respond to Client…Climate transition risk, profitability and stock prices (2022)Climate transition risk, prof…Carbon Emissions and TCFD Aligned Climate-Related Information Disclosures (2022)Carbon Emissions and TCFD Ali…Are investors sensitive to climate-related transition and physical risks? Evidence from global stock markets (2022)Are investors sensitive to cl…Sea Level Rise and Municipal Bond Yields (2019)Sea Level Rise and Municipal …Climate Risk Disclosure and Institutional Investors (2019)Climate Risk Disclosure and I…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency Problems and the Theory of the Firm (1980)Separation of Ownership and Control (1983)A Survey of Corporate Governance (1997)Law and Finance (1998)Corporate Ownership Around the World (1999)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Dividend Policy, Growth, and the Valuation of Shares (1961)The Theory and Measurement of Business Income (1961)Valuation and Clean Surplus Accounting for Operating and Financial Activities* (1995)Capital markets research in accounting (2001)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)Disappearing dividends: changing firm characteristics or lower propensity to pay? (2001)In Search of Attention (2011)Text as Data: The Promise and Pitfalls of Automatic Content Analysis Methods for Political Texts (2013)Textual Analysis in Accounting and Finance: A Survey (2016)The investment opportunity set and corporate financing, dividend, and compensation policies (1992)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Determinants of sustainability reporting: a review of results, trends, theory, and opportunities in an expanding field of research (2013)Firm-Value Effects of Carbon Emissions and Carbon Disclosures (2013)Mandatory CSR and sustainability reporting: economic analysis and literature review (2021)Corporate financing and investment decisions when firms have information that investors do not have (1984)Large Shareholders and Corporate Control (1986)Corporate social responsibility and access to finance (2013)Corporate Sustainability: First Evidence on Materiality (2016)A Simple Model of Capital Market Equilibrium with Incomplete Information (1987)The Importance of Climate Risks for Institutional Investors (2019)Firm‐Level Climate Change Exposure (2023)Multifactor Explanations of Asset Pricing Anomalies (1996)Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks (1997)Conditional Skewness in Asset Pricing Tests (2000)Managing with Style: The Effect of Managers on Firm Policies (2003)Law, finance, and economic growth in China (2005)The economic implications of corporate financial reporting (2005)
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References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1988Management ownership and market valuation6,910 cited
  • 2011When Is a Liability Not a Liability? Textual Analysis, Dictionaries, and 10‐Ks6,003 cited
  • 2001The theory and practice of corporate finance: evidence from the field5,947 cited
  • 1997Industry costs of equity5,793 cited
  • 1995Earnings, Book Values, and Dividends in Equity Valuation*5,061 cited
  • 2010Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting4,332 cited
  • 2019Do Investors Care about Carbon Risk?3,361 cited
  • 2007Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis3,357 cited
  • 2008Annual report readability, current earnings, and earnings persistence2,850 cited
  • 2007Accounting Information, Disclosure, and the Cost of Capital2,582 cited
  • 1994Tobin's q, Corporate Diversification, and Firm Performance2,437 cited
  • 1991The Effects of Board Composition and Direct Incentives on Firm Performance2,312 cited
  • 2014What Do We Learn from the Weather? The New Climate-Economy Literature

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2,292 cited
  • 2020Sustainable investing in equilibrium2,229 cited
  • Cited by

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    • 2022Are investors sensitive to climate-related transition and physical risks? Evidence from global stock markets149 cited
    • 2022Measuring weather exposure with annual reports106 cited
    • 2022Do green bonds de-risk investment in low-carbon stocks?68 cited
    • 2019Climate Risk Disclosure and Institutional Investors66 cited
    • 2023Do climate risk disclosures matter to financial analysts?59 cited
    • 2024Climate change sentiment, ESG practices and firm value: international insights55 cited
    • 2024Climate change affectedness and innovation in firms54 cited
    • 2022How Cheap Talk in Climate Disclosures relates to Climate Initiatives, Corporate Emissions, and Reputation Risk53 cited
    • 2022Do Auditors Respond to Clients’ Climate Change-related External Risks? Evidence from Audit Fees49 cited
    • 2022In search of climate distress risk45 cited
    • 2024Corporate climate risk and bond credit spreads44 cited
    • 2025Climate change exposure and green bonds issuance44 cited
    • 2019Sea Level Rise and Municipal Bond Yields43 cited
    • 2025When climate risk hits corporate value: The moderating role of financial constraints, flexibility, and innovation38 cited