Is carbon risk priced in the cross-section of corporate bond returns?

Is carbon risk priced in the cross-section of corporate bond returns?

This paper examines the pricing of a firm's carbon risk, measured by its carbon emissions intensity, in the cross-section of corporate bond returns. Contrary to the "carbon risk premium" hypothesis, we find bonds of firms with higher carbon emissions intensity earn significantly lower...

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Bibliographic Details
Main Authors: DUAN, Tinghua, LI, Frank Weikai, WEN, Quan
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2023
Subjects:
Climate change
Carbon emissions
Corporate bond returns
ESG investing
Corporate Finance
Environmental Sciences
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/6606
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7605/viewcontent/SSRN_id3709572.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/lkcsb_research/6606
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7605/viewcontent/SSRN_id3709572.pdf

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