the costs and benefits of abatement. Investors price uncertain assets according to their expected return and risk (carbon … abatement. However, their effect on the carbon beta and risk premium of abatement can be decreasing (when innovation spillovers … when the actions of the regulator fall short. These instruments must also consider the investment risk and the sequence of …

This paper examines the stochastic behaviour of the realized betas within the one-factor CAPM for the six companies …

We develop a novel firm-level measure of cybersecurity risk using textual analysis of cybersecurity-risk disclosures in … corporate filings. The measure successfully identifies firms extensively discussing cybersecurity risk in their 10-K, displays … intuitive relations with quantitative measures of cybersecurity risk disclosure language, exhibits a positive trend over time …

as predictors. Third, we pool the forecasts in clusters to hedge against model risk and to evaluate the usefulness of …, and reducing tail risk. Using the same approach for return forecasts, however, does not lead to a consistent …