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송창근

Song, Chang-Keun
Air Quality Impact Assessment Research Lab.
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dc.citation.startPage 104052 -
dc.citation.title FINANCE RESEARCH LETTERS -
dc.citation.volume 56 -
dc.contributor.author Jung, Hail -
dc.contributor.author Lee, Jun-Youp -
dc.contributor.author Song, Chang-Keun -
dc.date.accessioned 2023-12-21T11:45:45Z -
dc.date.available 2023-12-21T11:45:45Z -
dc.date.created 2023-06-14 -
dc.date.issued 2023-09 -
dc.description.abstract This study investigates the relationship between firm-level carbon productivity and volatility. With increasing interest in sustainable investing and inclusion of carbon productivity in financial assessments, we examine whether the market considers firms with high carbon productivity as less risky. Using U.S. firm-level carbon emission data, we find that carbon productivity is negatively associated with total and idiosyncratic volatilities. Our main findings hold under propensity score matching and coarsened exact matching. We also show that this relationship is significant when the binding intergovernmental regulations such as the Paris Agreement is active. -
dc.identifier.bibliographicCitation FINANCE RESEARCH LETTERS, v.56, pp.104052 -
dc.identifier.doi 10.1016/j.frl.2023.104052 -
dc.identifier.issn 1544-6123 -
dc.identifier.scopusid 2-s2.0-85161640937 -
dc.identifier.uri https://scholarworks.unist.ac.kr/handle/201301/64468 -
dc.identifier.wosid 001024625400001 -
dc.language 영어 -
dc.publisher Elsevier BV -
dc.title Carbon productivity and volatility -
dc.type Article -
dc.description.isOpenAccess TRUE -
dc.type.docType Article -
dc.description.journalRegisteredClass ssci -
dc.description.journalRegisteredClass scopus -
dc.subject.keywordAuthor Carbon productivity -
dc.subject.keywordAuthor Climate change -
dc.subject.keywordAuthor ESG -
dc.subject.keywordAuthor Risk -
dc.subject.keywordAuthor Volatility -

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