Meinerding, Christoph; Schüler, Yves; Zhang, Philipp - 2023 - December 7, 2022
We propose and implement a method to identify shocks to transition risk, addressing key challenges regarding its … change increases the valuation of green firms over brown firms. To illustrate our method, we identify shocks to transition … associated with events that increase the likelihood of an orderly transition, and they specifically affect parts of the economy …