Entrepreneurship

Firm Carbon Risk Exposure, Stock Returns, and Dividend Payment

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Research
Corporate and Market Finance, Sustainable Development and CSR

6 écoutes

Firm Carbon Risk Exposure, Stock Returns, and Dividend Payment

When investors hold disproportionately high carbon emitters with associated increased carbon risk, a positive relationship exists between a firm’s carbon emissions and the association between the stock returns and dividend payment. If investors hold disproportionately high carbon emitters with the associated increased carbon risk stocks, the stock market reacts less positively (more negatively) to dividend increase (decrease) announcements. At the same time, if firms under-price their carbon risk, the stock market reacts less positively (more negatively) to dividend increase (decrease) announcements.

Liens et ressources

https://doi.org/10.1016/j.jebo.2023.12.029

Mots clés

Carbon emission, climate change, Dividend, Stock return

Auteur.e(s)

NGUYEN Duc Khuong
Professor of Finance & Acting Dean
EMLV

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6 écoutes

Firm Carbon Risk Exposure, Stock Returns, and Dividend Payment

Auteur.e(s)

Institution(s)

Médias de la même institution

Médias de la même thématique

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