China over the period 2010-2024, this study investigates whether and how climate transition risk shapes bank risk …-taking behavior and identifies the mechanisms involved. Empirical evidence shows that rising climate transition risk significantly … evidence suggests that climate transition risk may indirectly reduce bank risk-taking by impairing growth capacity and …

Despite the economic relevance of climate-transition risk, firm-level carbon exposure often fails to appear as a …

This paper examines the relevance of banks' exposure to climate transition risk in the interbank lending market. Using … transaction-level data on repo agreements, we first establish that banks with higher exposure to transition risk face … transition risk premium intensifies during periods of financial stress, indicating that climate-induced risks amplify existing …

We study how climate policy can interact with distortionary fiscal policy and potentially lead to transition risk … transition risk under the carbon tax but has little effect under the subsidy. …

This research article explores whether the climate transition risk (CTR) and climate physical risk (CPR) transmit …