.png){kind=icon}
返回
Real-time transition risk
.png){kind=icon}
PRE
AI
DOI：10.1016/j.frl.2022.103600.png)
.png){kind=icon}
原文求助.png){kind=icon}
分享.png){kind=icon}
收藏
摘要
En 中文
We develop a point-in-time index to approximate changes in transition risk from climate-related news events. By explicitly considering news to signal an increase or a decrease in the external pressure towards a shift to a lower-carbon economy, we overcome the assumption that no news is good news on climate inherent in previous research. We evaluate the return sensitivity of publicly available climate portfolios that apply different approaches to measure a firm's envi-ronmental performance based on investors' objectives. Our results show that short-term transition risk tends to affect returns of stock portfolios based on firms' business activity but not emissions.
Keyword:
Transition risk
Climate finance
News sentiment
Natural language processing
Asset Pricing
期刊
IF:
6.9
论文数:
9.2K
被引数:
2.8W
机构
引用论文
.png){kind=icon}
Do ratings of firms converge? Implications for managers, investors and strategy researchers公司评级是否趋同？对经理、投资者和战略研究人员的影响
PREAI
分享收藏
分享收藏 没有更多内容
没有更多内容