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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| المؤلفون الرئيسيون: | , , |
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| التنسيق: | text |
| اللغة: | English |
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Institutional Knowledge at Singapore Management University
2023
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| الموضوعات: | |
| الوصول للمادة أونلاين: | 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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| المؤسسة: | Singapore Management University |
| اللغة: | English |