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Climate change exposure and corporate debt choice

delete2026-06-11
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PRE
AI
T
Takwa Belhaj Fraj
H
Hasna Chaibi
H
Hatem Rjiba *
DOI：10.1016/j.ribaf.2026.103522delete
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Abstract

Abstract

En 中文
• Firms with higher climate change exposure rely significantly less on bank debt. • Firms exposed to climate risks shift toward alternative financing sources, including equity issuance, debt securities, and shorter-maturity debt. • The effect of climate exposure on debt choice is larger for financially constrained firms but smaller for those with high growth opportunities or greater information asymmetry.
Keywords:
Climate change exposure
Climate risk
Debt Structure

Journal

Research in International Business and Finance cover
Research in International Business and Finance
IF:
6.9
Papers:
2.7K
Citations:
1.0W

Organization

P
Paris School of Business
Scholars:
50
Papers: 56
Citations: 1.1K
U
University of Tunis El Manar
Scholars:
464
Papers: 216
Citations: 0
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