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Climate Change Risk and Bond Returns by 1104901652 is a document available to read on EtoBox.

This study investigates the impact of climate change news risk on corporate bond returns, finding that bonds with higher climate change news beta (βCCN) yield lower future returns, as investors prefer bonds that hedge against climate risk. The results indicate that during periods of heightened climate concern, demand for these bonds increases, leading to a significant reduction in their future returns. Additionally, bonds issued by firms with better environmental performance are favored, suggesting that cor

Author

1104901652

Language

EN