Showing 1 - 10 of 4,558
We investigate the uncertainty dynamics surrounding extreme weather events through the lens of option and stock markets by identifying market responses to the uncertainty regarding both potential hurricane landfall and subsequent economic impact. Stock options on firms with establishments...
Persistent link: https://www.econbiz.de/10012181922
Persistent link: https://www.econbiz.de/10014574409
The Security and Exchange Commission (SEC) has considered climate change as a risk issue since 2010. Several emission … financial performances, especially of listed companies. There are two ways these companies can disclose their transition risk … exposure and are not alternatives. One is the explicit declaration of exposure to transition risk in the legally binding …
Persistent link: https://www.econbiz.de/10012694482
Persistent link: https://www.econbiz.de/10012317885
Persistent link: https://www.econbiz.de/10012102573
model with heterogeneous agents, we reveal the existence of an extreme weather risk premium in the cross-section of stock … risk factors from standard asset pricing models nor by firm characteristics. Our results reveal a novel link between … climate risk and firm value. …
Persistent link: https://www.econbiz.de/10014456106
Influenced by their compensation plans, CEOs make their own luck through decisions that affect future firm risk. After … adopting a relative performance evaluation (RPE) plan, total and idiosyncratic risk are higher, and the correlation between …) plans. Plans including accounting-based performance metrics and/or cash payouts have weaker risk-related incentives. The …
Persistent link: https://www.econbiz.de/10011968863
Using an event study approach at the stock level, we examine the effect of North Atlantic hurricanes on U.S. stock returns over the period January 1990 to December 2014. We document a substantial economic impact of hurricanes on the aggregate market: an accumulated loss of 0.522% (6.264%...
Persistent link: https://www.econbiz.de/10012966335
volatility to ex post realized volatility by analyzing volatility risk premia changes due to hurricanes indicates that investors …
Persistent link: https://www.econbiz.de/10012847804
volatility to ex post realized volatility by analyzing volatility risk premia changes due to hurricanes indicates that investors …
Persistent link: https://www.econbiz.de/10012850911