Data di Pubblicazione:
2024
Citazione:
Ferrara, M., T., Ciano, A., Capriotti e S., Muzzioli. "Climate change and asset pricing: a focused review of literature" Working paper, DEMB WORKING PAPER SERIES, Dipartimento di Economia Marco Biagi, 2024. https://doi.org/10.25431/11380_1339488
Abstract:
Climate change has a significant impact on the global economy and financial markets, making climate risk and uncertainty central to asset pricing decisions. These risks include potential economic losses due to extreme weather events or gradual changes and can impact business redundancy, infrastructure stability, and approval channels. We review the main theoretical models that incorporate climate risk in asset pricing and the empirical methods to assess the existence of a climate risk premium.
Tipologia CRIS:
Working paper
Keywords:
Climate Risk, Uncertainty, Environmental Sustainability,
Asset Pricing.
Elenco autori:
Ferrara, M.; Ciano, T.; Capriotti, A.; Muzzioli, S.
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