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 article examines the pricing of a firm’s carbon risk in the corporate bond market. Contrary to the “carbon risk premium” hypothesis, bonds of more carbon-intensive firms earn significantly lower returns. This effect cannot be explained by a comprehensive list of bond characteristics and exposur...

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書目詳細資料
Main Authors:	DUAN, Tinghua, LI, Frank Weikai, WEN, Quan
格式:	text
語言:	English
出版:	Institutional Knowledge at Singapore Management University 2023
主題:	Climate change Carbon emissions Corporate bond returns ESG investing Corporate Finance Environmental Sciences Finance and Financial Management Portfolio and Security Analysis
在線閱讀:	https://ink.library.smu.edu.sg/lkcsb_research/7367 https://ink.library.smu.edu.sg/context/lkcsb_research/article/8366/viewcontent/is_carbon_risk_priced_in_the_cross_section_of_corporate_bond_returns_pvoa_cc_by.pdf
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