Bolton, Patrick; Kacperczyk, Marcin - In: Review of finance : journal of the European Finance … 28 (2024) 1, pp. 107-109
In their indisposed paper, Aswani, Raghunandan, and Rajgopal (ARR) provide a critique of our main findings on the pricing of carbon transition risk in Bolton and Kacperczyk (2021a, 2021b, 2022) and in Bolton, Halem, and Kacperczyk (2022). We take exception to the key elements of their critique....
