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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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2023
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| Subjects: | |
| 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 |