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Jan 19, 2021 · Bolton, Patrick and Kacperczyk, Marcin T., Carbon Disclosure and the Cost of Capital (November 13, 2021). Available at SSRN: ...
- Patrick Bolton, Marcin T. Kacperczyk, Marcin T. Kacperczyk
- 2021
PATRICK BOLTON is the Barbara and David Zalaznick Professor of Finance at Columbia Business School and a Visiting Professor at Imperial College in London. The focus of Patrick's research in recent years has been on financial crises and regulatory responses, and on climate finance. He was elected President of the American Finance Association in ...
May 21, 2023 · Third, environmental disclosures could affect the cost of capital directly through a change in the investors’ non-cash-flow-based preferences if investors believe that firms’ practices conflict with those preferences or if investors are willing to accept a lower expected return on investments that also fulfill other social or environmental ...
Bolton P, Kacperczyk M, 2023, Global pricing of carbon-transition risk, The Journal of Finance, Vol:78, ISSN:0022-1082, Pages:3677-3754 DOI; Open Access Link
Dec 17, 2013 · 2.1. The relationship between carbon disclosure and the cost of capital. The consensus in the literature appears to be that a negative relationship exists between the quality of financial disclosure and the cost of capital (Botosan, Citation 1997; Core, Citation 2001; Diamond & Verrecchia, Citation 1991; Healy & Palepu, Citation 2001; Leuz & Wysocki, Citation 2008).
- Yu He, Qingliang Tang, Kaitian Wang
- 2013
Bolton P, Kacperczyk M, 2023, Global pricing of carbon-transition risk, The Journal of Finance, Vol: 78, Pages: 3677-3754, ISSN: 0022-1082. The energy transition away from fossil fuels exposes companies to carbon-transition risk. Estimating the market-based premium associated with carbon-transition risk in a cross section of 14,400 firms in 77 ...
Oct 31, 2002 · Columbia Business School Research Paper Forthcoming. Number of pages: 50 Posted: 30 Sep 2019. Patrick Bolton, Neng Wang and Jinqiang Yang. Imperial College London, Columbia University - Columbia Business School, Finance and Shanghai University of Finance and Economics. Downloads 207 (250,156) View PDF. Download. 55.
