-
D.
Kahneman,
A.
Tversky
(2013)
Prospect theory: an analysis of decision under risk
Handbook of the Fundamentals of Financial Decision Making: Part I
-
J.Y.
Campbell,
A.S.
Kyle
(1993)
Smart money, noise trading and stock price behavior
The Review of Economic Studies, 60
-
B.
Cœuré
(2018)
Monetary policy and climate change
In Speech given at a conference on “Scaling up Green Finance: The Role of Central Banks,” organized by the Network for Greening the Financial System, the Deutsche Bundesbank and the Council on Economic Policies, Berlin, November, 8
-
S.
Giglio,
B.
Kelly,
J.
Stroebel
(2021)
Climate finance
Annual Review of Financial Economics, 13
-
W.
Ge,
J.B.
Kim
(2014)
Real earnings management and the cost of new corporate bonds
Journal of Business Research, 67
-
R.F.
Engle,
J.G.
Rangel
(2008)
The spline-GARCH model for low-frequency volatility and its global macroeconomic causes
Review of Financial Studies, 21
-
(1990)
10.1596/0-1952-0851-X
World Development Report 1990: Poverty
-
T.
Baig,
I.
Goldfajn
(1999)
Financial market contagion in the Asian crisis
IMF Staff Papers, 46
-
G.
Capasso,
G.
Gianfrate,
M.
Spinelli
(2020)
Climate change and credit risk
Journal of Cleaner Production, 266
-
S.
Battiston,
A.
Mandel,
I.
Monasterolo,
F.
Schütze,
G.
Visentin
(2017)
A climate stress-test of the financial system
Nature Climate Change, 7
-
J.B.
De Long,
A.
Shleifer,
L.H.
Summers,
R.J.
Waldmann
(1990)
Positive feedback investment strategies and destabilizing rational speculation
The Journal of Finance, 45
-
D.M.
Blei,
A.Y.
Ng,
M.I.
Jordan
(2003)
Latent dirichlet allocation
Journal of machine Learning Research, 3
-
T.
Beck,
M.
Lundberg,
G.
Majnoni
(2006)
Financial intermediary development and growth volatility: do intermediaries dampen or magnify shocks?
Journal of International Money and Finance, 25
-
C.
Santi
(2020)
Investors’ climate sentiment and financial markets
-
J.
Holloman
(1966)
A new horizon.
Journal of the National Medical Association, 58 5
-
R.W.
Parker,
J.L.
Blanchard,
C.
Gardner,
B.S.
Green,
K.
Hartmann,
P.H.
Tyedmers,
R.A.
Watson
(2018)
Fuel use and greenhouse gas emissions of world fisheries
Nature Climate Change, 8
-
S.
Battiston,
A.
Mandel,
I.
Monasterolo,
Franziska
Schütze,
Gabriele
Visentin
(2016)
A Climate Stress-Test of the Financial System
Risk Management & Analysis in Financial Institutions eJournal
-
N.
Barberis,
M.
Huang
(2001)
Mental accounting, loss aversion, and individual stock returns
The Journal of Finance, 56
-
L.
Miles,
V.
Kapos
(2008)
Reducing greenhouse gas emissions from deforestation and forest degradation: global land-use implications
Science, 320
-
M.
Feldstein
(1983)
Inflation and the stock market
Inflation, Tax Rules, and Capital Formation
-
Z.
Li,
L.
Sun,
Y.
Geng,
H.
Dong,
J.
Ren,
Z.
Liu,
Y.
Higano
(2017)
Examining industrial structure changes and corresponding carbon emission reduction effect by combining input-output analysis and social network analysis: a comparison study of China and Japan
Journal of Cleaner Production, 162
-
L.H.
Goulder
(1992)
Carbon tax design and US industry performance
Tax Policy and the Economy, 6
-
G.R.
Van der Werf,
D.C.
Morton,
R.S.
DeFries,
J.G.
Olivier,
P.S.
Kasibhatla,
R.B.
Jackson,
J.T.
Randerson
(2009)
CO2 emissions from forest loss
Nature Geoscience, 2
-
A.
Thomas,
L.
Spataro,
N.
Mathew
(2014)
Pension funds and stock market volatility: an empirical analysis of OECD countries
Journal of Financial Stability, 11
-
L.
Bauwens,
S.
Laurent,
J.V.
Rombouts
(2006)
Multivariate GARCH models: a survey
Journal of Applied Econometrics, 21
-
G.H.
Bauer,
K.
Vorkink
(2011)
Forecasting multivariate realized stock market volatility
Journal of Econometrics, 160
-
M.
Grinblatt,
B.
Han
(2005)
Prospect theory, mental accounting, and momentum
Journal of Financial Economics, 78
-
C.R.
Harvey,
R.E.
Whaley
(1992)
Market volatility prediction and the efficiency of the S&P 100 index option market
Journal of Financial Economics, 31
-
N.T.
Vu
(2015)
Stock market volatility and international business cycle dynamics: evidence from OECD economies
Journal of International Money and Finance, 50
-
M.A.
King,
S.
Wadhwani
(1990)
Transmission of volatility between stock markets
Review of Financial Studies, 3
-
Ľuboš
Pástor,
R.
Stambaugh,
Lucian
Taylor
(2019)
Sustainable Investing in Equilibrium
Mutual Funds
-
H.
Montgomery
(2017)
Preventing the progression of climate change: one drug or polypill?
Biofuel Research Journal, 4
-
K.
Lundgren,
K.
Kuklane,
C.
Gao,
I.
Holmer
(2013)
Effects of heat stress on working populations when facing climate change
Industrial Health, 51
-
M.
Barnett,
W.
Brock,
L.P.
Hansen
(2020)
Pricing uncertainty induced by climate change
The Review of Financial Studies, 33
-
H.
Berkman,
J.
Jona,
N.S.
Soderstrom
(2021)
Firm-specific climate risk and market valuation
-
F.
Black
(1987)
General equilibrium and business cycles
B. Fischer, Updated 1987 (Ed.), in Business Cycles and Equilibrium
-
J. (.
Jiang
(2008)
Beating earnings benchmarks and the cost of debt
The Accounting Review, 83
-
P.
Bolton,
M.
Kacperczyk
(2021)
Do investors care about carbon risk?
Journal of Financial Economics, 142
-
R.F.
Engle,
E.
Ghysels,
B.
Sohn
(2013)
Stock market volatility and macroeconomic fundamentals
Review of Economics and Statistics, 95
-
Joshua
Pollet,
Mungo
Wilson
(2008)
Average Correlation and Stock Market Returns
Capital Markets: Asset Pricing & Valuation
-
M.
Carney
(2019)
A new horizon
Speech to European Commission Conference: A Global Approach to Sustainable Finance
-
R.W.
Sias
(2004)
Institutional herding
Review of Financial Studies, 17
-
N.
Meah
(2019)
Climate uncertainty and policy making – what do policy makers want to know?
Regional Environmental Change, 19
-
J.
Kumari,
J.
Mahakud
(2015)
Does investor sentiment predict the asset volatility? Evidence from emerging stock market India
Journal of Behavioral and Experimental Finance, 8
-
K.H.
Lee,
B.
Min,
K.H.
Yook
(2015)
The impacts of carbon (CO2) emissions and environmental research and development (R&D) investment on firm performance
International Journal of Production Economics, 167
-
L.
Luo,
Q.
Tang
(2014)
Carbon tax, corporate carbon profile and financial return
Pacific Accounting Review, 26
-
M.
Feldstein
(1978)
Inflation and the Stock Market
NBER Working Paper Series
-
J.H.
Nguyen
(2018)
Carbon risk and firm performance: evidence from a quasi-natural experiment
Australian Journal of Management, 43
-
N.
Pankratz,
R.
Bauer,
J.
Derwall
(2019)
Climate change, firm performance, and investor surprises
Firm Performance, and Investor Surprises (May 21, 2019)
-
W.Y.
Lee,
C.X.
Jiang,
D.C.
Indro
(2002)
Stock market volatility, excess returns, and the role of investor sentiment
Journal of Banking and Finance, 26
-
A.
Oestreich,
I.
Tsiakas
(2015)
Carbon Emissions and Stock Returns: Evidence from the EU Emissions Trading Scheme
Capital Markets: Asset Pricing & Valuation eJournal
-
P.H.
Hsu,
K.
Li,
C.Y.
Tsou
(2021)
The pollution premium
-
Y.
Tian,
A.
Akimov,
E.
Roca,
V.
Wong
(2016)
Does the carbon market help or hurt the stock price of electricity companies? Further evidence from the European context
Journal of Cleaner Production, 112
-
M.
Baker,
J.C.
Stein
(2004)
Market liquidity as a sentiment indicator
Journal of Financial Markets, 7
-
R.
Tan,
B.
Lin
(2020)
The influence of carbon tax on the ecological efficiency of China's energy intensive industries – a inter-fuel and inter-factor substitution perspective
Journal of Environmental Management, 261
-
M.
Tucker
(1995)
Carbon dioxide emissions and global GDP
Ecological Economics, 15
-
N.
Beck,
J.N.
Katz
(1995)
What to do (and not to do) with time-series cross-section data
American Political Science Review, 89
-
L.J.
Mirman
(1971)
Uncertainty and optimal consumption decisions
Econometrica, 39
-
P.
Krueger
(2015)
Climate change and firm valuation: evidence from a quasi-natural experiment
Swiss Finance Institute Research Paper
-
Harrison
Hong,
G.
Karolyi,
J.
Scheinkman
(2019)
Climate Finance
Mutual Funds
-
H.
Bessembinder,
P.J.
Seguin
(1993)
Price volatility, trading volume, and market depth: evidence from futures markets
The Journal of Financial and Quantitative Analysis, 28
-
N.
Dunz,
I.
Monasterolo,
M.
Raberto
(2018)
Don’t forget climate sentiments: real and financial markets’ reactions to climate risks
-
C.
Karydas,
A.
Xepapadeas
(2019)
Pricing climate change risks: CAPM with rare disasters and stochastic probabilities
CER-ETH Working Paper Series Working Paper, 19
-
K.K.
Zander,
W.J.
Botzen,
E.
Oppermann,
T.
Kjellstrom,
S.T.
Garnett
(2015)
Heat stress causes substantial labour productivity loss in Australia
Nature Climate Change, 5
-
H.C.
Shu,
J.H.
Chang
(2015)
Investor sentiment and financial market volatility
Journal of Behavioral Finance, 16
-
R.
Engle,
J.
Rangel
(2006)
The Spline-Garch Model for Low Frequency Volatility and its Global Macroeconomic Causes
NYU: Finance Working Papers (Topic)
-
J.M.
Pollet,
M.
Wilson
(2010)
Average correlation and stock market returns
Journal of Financial Economics, 96
-
G.
Allan,
P.
Lecca,
P.
McGregor,
K.
Swales
(2014)
The economic and environmental impact of a carbon tax for Scotland: a computable general equilibrium analysis
Ecological Economics, 100
-
John
Jiang
(2007)
Beating Earnings Benchmarks and the Cost of Debt
Corporate Finance: Valuation
-
M.
Bruno
(1993)
Inflation and growth in an integrated approach
-
M.J.
MacLeod,
M.R.
Hasan,
D.H.
Robb,
M.
Mamun-Ur-Rashid
(2020)
Quantifying greenhouse gas emissions from global aquaculture
Scientific Reports, 10
-
Bing
Han,
Mark
Grinblatt
(2004)
Prospect Theory, Mental Accounting, and Momentum
FEN: Behavioral Finance (Topic)
-
M.D.
Barnett
(2019)
A run on oil: climate policy, stranded assets, and asset prices
-
K.
Cochrane,
C.
De Young,
D.
Soto,
T.
Bahri
(2009)
Climate change implications for fisheries and aquaculture
FAO Fisheries and Aquaculture Technical Paper, 530
-
A.M.
Fathoni,
N.A.
Utama,
M.A.
Kristianto
(2014)
A technical and economic potential of solar energy application with feed-in tariff policy in Indonesia
Procedia Environmental Sciences, 20
-
H.J.
Ahn,
K.H.
Bae,
K.
Chan
(2001)
Limit orders, depth, and volatility: evidence from the stock exchange of Hong Kong
The Journal of Finance, 56
-
J.C.
Driscoll,
A.C.
Kraay
(1998)
Consistent covariance matrix estimation with spatially dependent panel data
Review of Economics and Statistics, 80
-
M.
Feldstein
(1980)
Inflation and the stock market
American Economic Review, 70
-
A.M.
Oestreich,
I.
Tsiakas
(2015)
Carbon emissions and stock returns: evidence from the EU emissions trading scheme
Journal of Banking and Finance, 58
-
Michael
Barnett,
W.
Brock,
L.
Hansen
(2019)
Pricing Uncertainty Induced by Climate Change
Environmental Economics eJournal
-
M.Y.
Gupta
(2011)
Carbon credit: a step towards green environment
Global Journal of Management and Business Research, 11
-
J.H.
Williams,
A.
DeBenedictis,
R.
Ghanadan,
A.
Mahone,
J.
Moore,
W.R.
Morrow,
M.S.
Torn
(2012)
The technology path to deep greenhouse gas emissions cuts by 2050: the pivotal role of electricity
Science, 335
-
R.
Sias
(2002)
Institutional Herding
Behavioral & Experimental Finance
-
A.
Agrawal,
D.
Nepstad,
A.
Chhatre
(2011)
Reducing emissions from deforestation and forest degradation
Annual Review of Environment and Resources, 36
-
N.K.
Budhathoki,
K.K.
Zander
(2019)
Socio-economic impact of and adaptation to extreme heat and cold of farmers in the food bowl of Nepal
International Journal of Environmental Research and Public Health, 16
-
N.
Chang
(2015)
Changing industrial structure to reduce carbon dioxide emissions: a Chinese application
Journal of Cleaner Production, 103
-
J.R.
Nofsinger,
R.W.
Sias
(1999)
Herding and feedback trading by institutional and individual investors
The Journal of Finance, 54
-
K.J.
Forbes,
R.
Rigobon
(2002)
No contagion, only interdependence: measuring stock market comovements
The Journal of Finance, 57
-
Ľ.
Pástor,
R.F.
Stambaugh,
L.A.
Taylor
(2021)
Sustainable investing in equilibrium
Journal of Financial Economics, 142
-
P.
Bolton,
Marcin
Kacperczyk
(2020)
Do Investors Care About Carbon Risk?
NBER Working Paper Series
-
L.
Bauwens,
S.
Laurent,
J.
Rombouts
(2003)
Multivariate GARCH Models: A Survey
Econometrics eJournal
-
P.
Krueger,
Z.
Sautner,
L.T.
Starks
(2020)
The importance of climate risks for institutional investors
The Review of Financial Studies, 33
-
R.
Litterman,
C.E.
Anderson,
N.
Bullard,
B.
Caldecott,
M.L.
Cheung,
J.
Colas,
J.
Winkler
(2020)
Managing climate risk in the US financial system
-
R.
Faccini,
R.
Matin,
G.
Skiadopoulos
(2021)
Dissecting climate change risks: are they reflected in stock prices?
-
E.M.
Matsumura,
R.
Prakash,
S.C.
Vera-Munoz
(2014)
Firm-value effects of carbon emissions and carbon disclosures
The Accounting Review, 89
-
P.
Sun,
P.Y.
Nie
(2015)
A comparative study of feed-in tariff and renewable portfolio standard policy in renewable energy industry
Renewable Energy, 74
-
M.A.
Rahman
(2009)
Industry-level stock returns volatility and aggregate economic activity in Australia
Applied Financial Economics, 19
-
J.
Hanova,
H.
Dowlatabadi
(2007)
Strategic GHG reduction through the use of ground source heat pump technology
Environmental Research Letters, 2
-
G.
Koutmos,
G.G.
Booth
(1995)
Asymmetric volatility transmission in international stock markets
Journal of International Money and Finance, 14
-
E.
Ilhan,
P.
Krueger,
Z.
Sautner,
L.T.
Starks
(2020)
Climate risk disclosure and institutional investors
Swiss Finance Institute Research Paper