High quality research can inform practice and give a better understanding of ESG risks, opportunities and impacts, thereby increasing the effectiveness of investment practices. However, navigating academic research can be a challenge for investors.

To share the insights of academic research with investors, Caroline Flammer (Professor of International and Public Affairs, Columbia University) has curated a selection of rigorous and high-quality academic studies in the following areas: ESG screening and integration; ESG shareholder engagement and activism; ESG financial instruments; ESG performance implications; measurement, disclosure and regulation; real estate, and climate.

Please reach out to us with your feedback or questions.

Find out more about the Academic Network Conference which was hosted as part of PRI in Person on 3-5 October 2023.

 

PaperAuthorsJournalYear
Sustainable finance and ESG: Value versus values    Laura T. Starks Journal of Finance 2023
Exit versus Voice    Elenora Broccardo, Oliver Hart and Luigi Zingales Journal of Political Economy 2022
Responsible investing: The ESG-efficient frontier    Lasse Heje Pedersen, Shaun Fitzgibbons, Lukasz Pomorski   Journal of Financial Economics 2021
Sustainable investing in equilibrium    Ľuboš Pástor, Robert F. Stambaugh, Lucian A. Taylor Journal of Financial Economics 2021
Short-Term Investors, Long-Term Investments, and Firm Value: Evidence from Russell 2000 Index Inclusions Cremers M, Pareek A, Sautner Z Management Science 2020
Climate Finance Hong H, Karolyi GA, Scheinkman JA Review of Financial Studies 2020
Attention to Global Warming Choi D, Gao Z, Jiang W Review of Financial Studies 2020
Do Fund Managers Misestimate Climatic Disaster Risk Alok S, Kumar N, Wermers R Review of Financial Studies 2020
Hedging Climate Change News Engle RF, Giglio S, Kelly B, Lee H, Stroebel J Review of Financial Studies 2020
The Value of Green Energy: Optimal Investment in Mutually Exclusive Projects and Operating Leverage Detemple J, Kitapbayev Y Review of Financial Studies 2019
Product Categories as Judgment Devices: The Moral Awakening of the Investment Industry Arjaliès DL, Durand R Organisation Science 2019
Do Investors Value Sustainability? A Natural Experiment Examining Ranking and Fund Flows Hartzmark SM, Sussman AB Journal of Finance 2019
Do Investors Value Sustainability? Replication, development and new evidence on CSR visibility Durand R, Paugam L, Stolowy H Strategic Management Fund 2019
The Rise of Socially Responsible Investment Funds: The Paradoxical Role of the Financial Logic Yan S, Ferraro F, Almandoz J Administrative Science Quarterly 2018
Why Do Investors Hold Socially Responsible Mutual Funds? Riedl A, Smeets P Journal of Finance 2017
Asset Divestment as a Response to Media Attacks in Stigmatized Industries Durand R, Vergne J Strategic Management Journal 2014
PaperAuthorsJournalYear
Sustainable finance and ESG: Value versus values    Laura T. Starks   Journal of Finance   2023  
Exit versus Voice Eleonora Broccardo, Oliver Hart, and Luigi Zingales   Journal of Political Economy   2022  
Institutional Investor Activism and Employee Safety: The Role of Activist and Board Political Ideology Wei Shi, Chongwu Xia, Philipp Meyer-Doyle   Organization Science   2022  
Why Activist Hedge Funds Target Socially Responsible Firms: The Reaction Costs of Signalling Corporate Social Responsibility Mark R. DesJardine, Emilio Marti and Rodolphe Durand   Academy of Management Journal   2021  
Do activist hedge funds target female CEOs? The role of CEO gender in hedge fund activism    Bill B. Francis, Iftekhar Hasan, Yinjie (Victor) Shen, Qiang Wu   Journal of Financial Economics   2021  
Hedge fund investor activism and human capital loss    Guoli Chen, Philipp Meyer-Doyle, Wei Shi   Strategic Management Journal   2021  
Shareholder activism and firms’ voluntary disclosure of climate change risks    Caroline Flammer, Michael W. Toffel, Kala Viswanathan   Strategic Management Journal   2021  
Get Real! Individuals Prefer More Sustainable Investments     Rob Bauer, Tobias Ruof, Paul Smeets   The Review of Financial Studies   2021  
Disentangling the effects of hedge fund activism on firm financial and social performance DesJardine MR, Durand R Strategic Management Journal 2020
The Importance of Climate Risks for Institutional Investors Krueger P, Sautner Z, Starks LT Review of Financial Studies 2020
Do institutional investors drive corporate social responsibility? International evidence Dyck A, Lins KV, Roth L, Wagner HF Journal of Financial Economics 2019
Institutional Investors and Corporate Environmental, Social, and Governance Policies: Evidence from Toxics Release Data Kim I, Wan H, Wang B, Yang T Management Science 2019
Does Pay Activism Pay Off for Shareholders? Shareholder Democracy and Its Discontents Dasgupta S, Noe TH Management Science 2019
Creating Common Ground: A Communicative Action Model of Dialogue in Shareholder Engagement Beunza D, Ferraro F Organisation Science 2018
Does a Long-Term Orientation Create Value? Evidence from a Regression Discontinuity Flammer C, Bansal P Strategic Management Journal 2017
Active Ownership Dimson E, Karakas O, Li X Review of Financial Studies 2016
Through the Mud or in the Boardroom: Examining Activists Types and their Strategies in Targeting Firms for Social Change Eesley C, Decelles KA, Lenox M Strategic Management Journal 2016
Does Corporate Social Responsibility Lead to Superior Financial Performance? A Regression Discontinuity Approach Flammer C Management Science 2015
Returns to Shareholder Activism: Evidence from a Clinical Study of the Hermes U.K. Focus Fund Becht M, Franks J, Mayer C, Rossi S Review of Financial Studies 2010
Corporate governance proposals and shareholder activism: the role of institutional investors Gillan SL, Starks LT Journal of Financial Economics 2000
Shareholder Activism and Firms’ Voluntary Disclosure of Climate Change Risks Flammer C, Toffel M, Viswanathan K Strategic Management Journal Forthcoming
PaperAuthorsJournalYear
Contracts with (Social) Benefits: The Implementation of Impact Investing Geczy C, Jeffers J, Musto D, Tucker A Journal of Financial Economics 2021
Color and credit: Race, regulation and the quality of financial services Taylor A. Begley, Amiyatosh Purnanandam Journal of Financial Economics 2021
Where’s the greenium? Larcker DF, Watts EM Journal of Accounting and Economics 2020
Impact Investing Barber B, Morse A, Yasuda A Journal of Financial Economics 2020
Categorical cognition and outcome efficiency in impact investing decisions Lee M, Adbi A, Singh J Strategic Management Journal 2020
Investing for Impact Chowdhry B, Davies SW, Waters B Review of Financial Studies 2019
Impact investing in disadvantaged urban areas Boulongne R, Durand R, Flammer C. Strategic Management Journal Forthcoming
Corporate Green Bonds Flammer C Journal of Financial Economics Forthcoming
PaperAuthorsJournalYear
Renewable Governance: Good for the Environment? I. J. Alexander Dyck; Karl V. Lins; Lukas Roth; Mitch Towner; Hannes F. Wagner Journal of Accounting Research 2023
Sustainable finance and ESG: Value versus values Laura T. Starks Journal of Finance 2023
Climate Change, Firm Performance, and Investor Surprises Nora Pankratz, Rob Bauer, Jeroen Derwall Management Science 2023
The Returns to Nonmarket Strategies During Institutional Transitions: Investor Reactions to Actor and Tie Characteristics Aline Gatignon, Marina A. B. Gama, Rodrigo B. DeMello Organization Science 2023
Corporate social counterpositioning: How attributes of social issues influence competitive response Aharon Mohliver, Donal Crilly, Aseem Kaul Strategic Management Journal 2023
Racial Disparities in the Auto Loan Market Alexander W Butler, Erik J Mayer, James P Weston The Review of Financial Studies 2023
Avoiding the Appearance of Virtue: Reactivity to Corporate Social Responsibility Ratings in an Era of Shareholder Primacy Ben W. Lewis Administrative Science Quarterly 2022
The Long-Term Consequences of Short-Term Incentives Alex Edmans, Vivian W. Fang, Allen H. Huang Journal of Accounting Research 2022
Climate Change Concerns and the Performance of Green vs. Brown Stocks David Ardia, Keven Bluteau, Kris Boudt, Koen Inghelbrecht Management Science 2022
The double-edged sword of boundary-spanning Corporate Social Responsibility programs Aline Gatignon Strategic Management Journal 2022
Mortgage Finance and Climate Change: Securitization Dynamics in the Aftermath of Natural Disasters Amine Ouazad, Matthew E Kahn The Review of Financial Studies 2022
Corporate ESG Profiles and Banking Relationships Joel F Houston, Hongyu Shan The Review of Financial Studies 2022
Socially Responsible Investing in Good and Bad Times Ravi Bansal, Di (Andrew) Wu, Amir Yaron The Review of Financial Studies 2022
Why Activist Hedge Funds Target Socially Responsible Firms: The Reaction Costs of Signaling Corporate Social Responsibility Mark R. DesJardine, Emilio Marti and Rodolphe Durand Academy of Management Journal 2021
The Impact of Logic (In)Compatibility: Green Investing, State Policy, and Corporate Environmental Performance Shipeng Yan Administrative Science Quarterly 2021
Do Investors Care about Carbon Risk? Bolton P, Kacperczyk M Journal of Financial Economics 2021
Sustainable investing in equilibrium Ľuboš Pástor, Robert F. Stambaugh, Lucian A. Taylor Journal of Financial Economics 2021
Responsible investing: The ESG-efficient frontier Pedersen LH, Fitzgibbons S, Pomorski L Journal of Financial Economics 2021
Socially responsible corporate customers Dai R, Liang H, Ng L Journal of Financial Economics 2021
Market expectations of a warming climate Wolfram Schlenker, Charles A. Taylor Journal of Financial Economics 2021
When Corporate Social Responsibility Backfires: Evidence from a Natural Field Experiment John A. List, Fatemeh Momeni Management Science 2021
Strategic management during the financial crisis: How firms adjust their strategic investments in response to credit market disruptions Caroline Flammer, Ioannis Ioannou Strategic Management Journal 2021
Reexamining investor reaction to covert corporate political activity: A replication and extension of Werner (2017) Ishva Minefee, Mary-Hunter McDonnell, Timothy Werner Strategic Management Journal 2021
The liabilities of foreign institutional ownership: Managing political dependence through corporate political spending Wei Shi, Cheng Gao, Ruth V. Aguilera Strategic Management Journal 2021
Risk management and corporate social responsibility Sol Kim, Geul Lee, Hyoung-Goo Kang Strategic Management Journal 2021
Corporate Social Responsibility and the Market Reaction to Negative Events: Evidence from Inadvertent and Fraudulent Restatement Announcements Eli Bartov; Antonio Marra; Francesco Momenté The Accounting Review 2021
Gendered Prices Renée B Adams, Roman Kräussl, Marco Navone, Patrick Verwijmeren The Review of Financial Studies 2021
Contracts with (Social) benefits: The implementation of impact investing Christopher Geczy, Jessica S. Jeffers, David K. Musto, Anne M. Tucker Journal of Financial Economics 2021
Color and credit: Race, regulation, and the quality of financial services Taylor A. Begley, Amiyatosh Purnanandam Journal of Financial Economics 2021
Impact investing Brad M. Barber, Adair Morse, Ayako Yasuda Journal of Financial Economics 2021
Impact Investing Barber B, Morse A, Yasuda A Journal of Financial Economics 2021
Stakeholder Preservation or Appropriation? The Influence of Target CSR on Market Reactions to Acquisition Announcements Tong L, Wang H, Xia J Academy of Management Journal 2020
Tax-Exempt Lobbying: Corporate Philanthropy as a Tool for Political Influence Bertrand M, Bombardini M, Fisman R, Trebbi F American Economic Review 2020
Losing Prosociality in the Quest for Talent? Sorting, Selection, and Productivity in the Delivery of Public Services Ashraf N, Bandiera O, Davenport E, Lee SS American Economic Review 2020
An inconvenient cost: The effects of climate change on municipal bonds Painter M Journal of Financial Economics 2020
Corporate Sociopolitical Activism and Firm Value Bhagwat Y, Warren NL, Beck JT, Watson GF, IV Journal of Marketing 2020
Pollution and Performance: Do Investors Make Worse Trades on Hazy Days? Huang J, Xu N, Yu H Management Science 2020
Creating Mutual Gains to Leverage a Racially Diverse Workforce: The Effects of Firm-Level Racial Diversity on Financial and Workforce Outcomes Under the Use of Broad-Based Stock Options Han JH, Shin D, Castellano WG, Konrad AM, Kruse DL, Blasi JR Organisation Science 2020
An Institutional Approach to Gender Diversity and Firm Performance Zhang L Organisation Science 2020
The Importance of Climate Risks for Institutional Investors Krueger P, Sautner Z, Starks LT Review of Financial Studies 2020
Corporate Governance and Pollution Externalities of Public and Private Firms Shive SA, Forster MM Review of Financial Studies 2020
Temperature Shocks and Establishment Sales Addoum JM, Ng DT, Ortiz-Bobea A Review of Financial Studies 2020
Is managerial entrenchment always bad and corporate social responsibility always good? A cross‐national examination of their combined influence on shareholder value Surroca JA, Aguilera RV, Desender K, Tribó JA Strategic Management Journal 2020
Chief sustainability officers and corporate social (Ir)responsibility Fu R, Tang Y, Chen G Strategic Management Journal 2020
Where’s the greenium? Larcker DF, Watts EM Journal of Accounting and Economics 2020
Categorical cognition and outcome efficiency in impact investing decisions Lee M, Adbi A, Singh J Strategic Management Journal 2020
Drilling Like There’s No Tomorrow: Bankruptcy, Insurance, and Environmental Risk Boomhower J American Economic Review 2019
CEO Horizon, Optimal Pay Duration, and the Escalation of Short‐Termism Marinovic I, Varas F Journal of Finance 2019
Disaster on the horizon: The price effect of sea level rise Bernstein A, Gustafson MT, Lewis R Journal of Financial Economics 2019
Peer Effects of Corporate Social Responsibility Cao J, Liang H, Zhan X Management Science 2019
Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence Albuquerque R, Koskinen Y, Zhang C Management Science 2019
One Step Forward, Two Steps Back: How Negative External Evaluations Can Shorten Organizational Time Horizons DesJardine MR, Bansal P Organisation Science 2019
Stock Market Responses to Unethical Behavior in Organizations: An Organizational Context Model Baker B, Derfler-Rozin R, Pitesa M, Johnson M Organisation Science 2019
Financial analyst coverage and corporate social performance: Evidence from natural experiments Qian C, Lu LY, Yu Y Strategic Management Journal 2019
Corporate social responsibility as a defense against knowledge spillovers: Evidence from the inevitable disclosure doctrine Flammer C, Kacperczyk AJ Strategic Management Journal 2019
Corporate governance and the rise of integrating corporate social responsibility criteria in executive compensation: Effectiveness and implications for firm outcomes Flammer C, Hong B, Minor D Strategic Management Journal 2019
Investor Sentiment for Corporate Social Performance Naughton JP, Wang C, Yeung I Accounting Review 2019
No Time Like the Present: How a Present Time Perspective Can Foster Sustainable Development Kim A, Bansal P, Haugh H Academy of Management Journal 2019
Investing for Impact Chowdhry B, Davies SW, Waters B Review of Financial Studies 2019
Competing for Government Procurement Contracts: The Role of Corporate Social Responsibility Flammer C Strategic Management Journal 2018
Does a Long-Term Orientation Create Value? Evidence from a Regression Discontinuity Flammer C, Bansal P Strategic Management Journal 2017
The Impact of Stakeholder Orientation on Innovation: Evidence from a Natural Experiment Flammer C, Kacperczyk AJ Management Science 2016
Socially Responsible Firms Ferrell A, Liang H, Renneboog L Journal of Financial Economics 2016
Corporate sustainability: First evidence on materiality Khan M, Serafeim G, Yoon A Accounting Review 2016
Does Corporate Social Responsibility Lead to Superior Financial Performance? A Regression Discontinuity Approach Flammer C Management Science 2015
Does Product Market Competition Foster Corporate Social Responsibility? Evidence from Trade Liberalization Flammer C Strategic Management Journal 2015
The impact of corporate social responsibility on investment recommendations: Analysts’ perceptions and shifting institutional logics Ioannou I, Serafeim G Strategic Management Journal 2015
Corporate Goodness and Shareholder Wealth Krueger P Journal of Financial Economics 2015
Corporate social responsibility and access to finance Cheng B, Ioannou I, Serafeim G Strategic Management Journal 2014
Spinning Gold: The Financial Returns to External Stakeholder Engagement Henisz WJ, Dorobantu S, Nartey LJ Strategic Management Journal 2014
Environmental Externalities and Cost of Capital Chava S Management Science 2014
The Impact of Corporate Sustainability on Organizational Processes and Performance Eccles RG, Ioannou I, Serafeim G Management Science 2014
Corporate social responsibility and shareholder reaction: the environmental awareness of investors Flammer C Academy of Management Journal 2013
Does the stock market fully value intangibles? Employee satisfaction and equity prices Edmans A Journal of Financial Economics 2011
The price of sin: The effects of social norms on markets Hong H, Kacperczyk M Journal of Financial Economics 2009
Sustainable Investing in Equilibrium Pastor L, Stambaugh RF, Taylor LA Journal of Financial Economics Forthcoming
Do Investors Care about Carbon Risk? Bolton P, Kacperczyk M Journal of Financial Economics Forthcoming
Responsible investing: The ESG-efficient frontier Pedersen LH, Fitzgibbons S, Pomorski L Journal of Financial Economics Forthcoming
Socially responsible corporate customers Dai R, Liang H, Ng L Journal of Financial Economics Forthcoming
Impact investing in disadvantaged urban areas Boulongne R, Durand R, Flammer C. Strategic Management Journal Forthcoming
Corporate Green Bonds Flammer C Journal of Financial Economics Forthcoming
PaperAuthorsJournalYear
Greenhouse Gas Disclosure and Emissions Benchmarking Sorabh Tomar Journal of Accounting Research 2023
Does a Government Mandate Crowd Out Voluntary Corporate Social Responsibility? Evidence from India Shivaram Rajgopal; Prasanna L. Tantri Journal of Accounting Research 2023
Mandatory disclosure would reveal corporate carbon damages Michael Greenstone, Christian Leuz, Patricia Breuer Science 2023
Climate risk disclosure and institutional investors Emirhan Ilhan, Philipp Krueger, Zacharias Sautner, Laura T Starks The Review of Financial Studies 2023
The role of corporate social responsibility (CSR) information in supply-chain contracting: Evidence from the expansion of CSR rating coverage Alper Darendeli, Peter Fiechter, Joerg-Markus Hitz, Nico Lehmann Journal of Accountancy and Economics 2022
Real Effects of a Widespread CSR Reporting Mandate: Evidence from the European Union’s CSR Directive Peter Fiechter; Joerg-Markus Hitz; Nico Lehmann Journal of Accounting Research 2022
Do Firms Respond to Gender Pay Gap Transparency? Morten Bennedsen, Elena Simintzi, Margarita Tsoutsoura, Daniel Wolfenzon Journal of Finance 2022
Do Equity Markets Care about Income Inequality? Evidence from Pay Ratio Disclosure Yihui Pan, Elena S. Pikulina, Stephan Siegel, Tracy Yue Wang Journal of Finance 2022
Hidden in a group? Market reactions to multi-violator corporate social irresponsibility disclosures Chang Liu, Stephanie Lu Wang, Dan Li Strategic Management Journal 2022
Why is Corporate Virtue in the Eye of The Beholder? The Case of ESG Ratings Dane M. Christensen; George Serafeim; Anywhere Sikochi The Accounting Review 2022
Financial Constraints and Corporate Environmental Policies Qiping Xu, Taehyun Kim The Review of Financial Studies 2022
Carbon Tail Risk Emirhan Ilhan, Zacharias Sautner, Grigory Vilkov The Review of Financial Studies 2021
Shareholder Activism and Firms’ Voluntary Disclosure of Climate Change Risks Flammer C, Toffel M, Viswanathan K Strategic Management Journal 2021
Pricing Uncertainty Induced by Climate Change Barnett M, Brock W, Hansen LP Review of Financial Studies 2020
Shareholder Wealth Effects of Modern Slavery Regulation Cousins P, Dutordoir M, Lawson B, Neto JQF Management Science 2020
Managing Supplier Social and Environmental Impacts with Voluntary Versus Mandatory Disclosure to Investors Kalkanci B, Plambeck EL Management Science 2020
Bad Greenwashing, Good Greenwashing: Corporate Social Responsibility and Information Transparency Wu Y, Zhang K, Xie J Management Science 2020
Do Corporate Social Responsibility Engagements Lead to Real Environmental, Social, and Governance Impact? Li J, Wu D Management Science 2020
Regulation by Shaming: Deterrence Effects of Publicizing Violations of Workplace Safety and Health Laws Johnson MS American Economic Review 2020
Do Investors Value Sustainability? A Natural Experiment Examining Ranking and Fund Flows Hartzmark SM, Sussman AB Journal of Finance 2019
Market Reaction to Mandatory Nonfinancial Disclosure Grewal J, Riedl EJ, Serafeim G Management Science 2019
Reluctant Disclosure and Transparency: Evidence from Environmental Disclosures Fabrizio KR, Kim EH Organisation Science 2019
Do Investors Actually Value Sustainability Indices? Replication, Development, and New Evidence on CSR Visibility Durand R, Paugam L, Stolowy H Strategic Management Journal 2019
A Dollar for a Tree or a Tree for a Dollar? The Behavioral Effects of Measurement Basis on Managers’ CSR Investment Decision Church BK, Jiang W, Kuang X, Vitalis A Accounting Review 2019
Financial Reporting Quality, Investment Horizon, and Institutional Investor Trading Strategies Bushee BJ, Goodman TH, Sunder SV Accounting Review 2019
Beyond Profits: The Rise of Dual-Purpose Organizations and Its Consequences for Disclosure Arya A, Mittendorf B, Ramanan RNV Accounting Review 2019
Do investors actually value sustainability? New evidence from investor reactions to the Dow Jones Sustainability Index (DJSI) Chatterji AK, Mitchell W Strategic Management Journal 2017
Do ratings of firms converge? Implications for managers, investors and strategy researchers Chatterji AK, Durand R, Levine DI, Touboul S Strategic Management Journal 2016
Corporate sustainability: First evidence on materiality Khan M, Serafeim G, Yoon A Accounting Review 2016
Voluntary nonfinancial disclosure and the cost of equity capital: the initiation of corporate social responsibility reporting Dhaliwal DS, Zhen Li O, Tsang A, Yang YG Accounting Review 2011
PaperAuthorsJournalYear
Climate change and long-run discount rates: Evidence from real estate Stefano Giglio, Matteo Maggiori, Krishna Rao, Johannes Stroebel, Andreas Weber The Review of Financial Studies 2021
Is the Risk of Sea Level Rise Capitalized in Residential Real Estate? Murfin J, Spiegel M Review of Financial Studies 2020
Does Climate Change Affect Real Estate Prices? Only If You Believe In It Baldauf M, Garlappi L, Yannelis C Review of Financial Studies 2020
Doing Well by Doing Good? Green Office Buildings Eichholtz P, Kok N, Quigley MJ American Economic Review 2010
PaperAuthorsJournalYear
Mitigating disaster risks in the age of climate change Harrison Hong, Neng Wang, Jinqiang Yang Econometrica 2023
Global pricing of carbon-transition risk Patrick Bolton, Marcin Kacperczyk Journal of Finance 2023
Firm-level climate change exposure Z Sautner, L van Lent, G Vilkov, R Zhang Journal of Finance 2023
The Social Cost of Carbon When We Wish for Full-Path Robustness Yifan Zhao, Arnab Basu, Thomas S. Lontzek, Karl Schmedders Management Science 2023
An Analysis of Carbon-Reduction Pledges of U.S. Oil and Gas Companies Hemang Desai, Pauline Lam, Bin Li, Shiva Rajgopal Management Science 2023
Climate Change, Firm Performance, and Investor Surprises Nora Pankratz, Rob Bauer, Jeroen Derwall Management Science 2023
Climate Change and Uncertainty: An Asset Pricing Perspective Michael Barnett Management Science 2023
Adjusting to Rain Before It Falls Mitch Downey, Nelson Lind, Jeffrey G. Shrader Management Science 2023
Climate risk disclosure and institutional investors Emirhan Ilhan, Philipp Krueger, Zacharias Sautner, Laura T Starks The Review of Financial Studies 2023
Welfare Consequences of Sustainable Finance Harrison Hong, Neng Wang, Jinqiang Yang The Review of Financial Studies 2023
Carbon Footprinting and Pricing Under Climate Concerns Marco Bertini Journal of Marketing 2022
Climate Change Concerns and the Performance of Green vs. Brown Stocks David Ardia, Keven Bluteau, Kris Boudt, Koen Inghelbrecht Management Science 2022
Climate Policy Risk and Corporate Financial Decisions: Evidence from the NOx Budget Trading Program Viet Anh Dang, Ning Gao, Tiancheng Yu Management Science 2022
Climate Impact Investing Tiziano De Angelis, Peter Tankov, Olivier David Zerbib Management Science 2022
Firm climate risk, risk management, and bank loan financing Henry He Huang, Joseph Kerstein, Chong Wang, Feng (Harry) Wu Strategic Management Journal 2022
Valuing the Global Mortality Consequences of Climate Change Accounting for Adaptation Costs and Benefits Tamma Carleton et al The Quarterly Journal of Economics 2022
Mortgage Finance and Climate Change: Securitization Dynamics in the Aftermath of Natural Disasters Amine Ouazad, Matthew E Kahn The Review of Financial Studies 2022
Going Underwater? Flood Risk Belief Heterogeneity and Coastal Home Price Dynamics Laura A Bakkensen, Lint Barrage The Review of Financial Studies 2022
Financial Constraints and Corporate Environmental Policies Qiping Xu, Taehyun Kim The Review of Financial Studies 2022
The Risk-Adjusted Carbon Price Ton S. van den Bremer and Frederick van der Ploeg American Economic Review 2021
The Limits of Limited Liability: Evidence from Industrial Pollution Pat Akey, Ian Appel Journal of Finance 2021
Do investors care about carbon risk? Patrick Bolton, Marcin Kacperczyk Journal of Financial Economics 2021
Market expectations of a warming climate Wolfram Schlenker, Charles A. Taylor Journal of Financial Economics 2021
Air pollution, behavioral bias, and the disposition effect in China Jennifer (Jie) Li, Massimo Massa, Hong Zhang, Jian Zhang Journal of Financial Economics 2021
The Big Three and corporate carbon emissions around the world Jose Azar, Miguel Duro, Igor Kadach, Gaizka Ormazabal Journal of Financial Economics 2021
Air pollution, affect, and forecasting bias: Evidence from Chinese financial analysts Rui Dong, Raymond Fisman, Yongxiang Wang, Nianhang Xu Journal of Financial Economics 2021
Shareholder activism and firms’ voluntary disclosure of climate change risks Caroline Flammer, Michael W. Toffel, Kala Viswanathan Strategic Management Journal 2021
Climate Change and Long-Run Discount Rates: Evidence from Real Estate Stefano Giglio, Matteo Maggiori, Krishna Rao, Johannes Stroebel, Andreas Weber The Review of Financial Studies 2021
Carbon Tail Risk Emirhan Ilhan, Zacharias Sautner, Grigory Vilkov The Review of Financial Studies 2021
Climate change and long-run discount rates: Evidence from real estate Stefano Giglio, Matteo Maggiori, Krishna Rao, Johannes Stroebel, Andreas Weber The Review of Financial Studies 2021
Pricing climate change exposure Zacharias Sautner, Laurence Van Lent, Grigory Vilkov, Ruishen Zhang Management Science forthcoming

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