Batoon, Aimee Jean; Rroji, Edit - In: Risks : open access journal 12 (2024) 1, pp. 1-21
Carbon risk, a type of climate risk, is expected to have a crucial impact, especially on high … initiatives, this transition risk will certainly need to be incorporated into a firm' credit risk assessment. In this paper, we … explore the impact of the carbon risk factor, constructed as the daily median difference in default protection between …