The DOI matches its Crossref record; 14 of the 14 references it cites were found in a registry or an index.
Climate Risk Disclosure and Institutional Investors
Open accessAbstract
Through a survey and analyses of observational data, we provide systematic evidence that institutional investors value and demand climate risk disclosures. The survey reveals the investors have a strong demand for climate risk disclosures, and many actively engage their portfolio firms for improvements. Empirical analyses of holdings data corroborate this evidence by showing a significantly positive association between climate-conscious institutional ownership and better firm-level climate risk disclosure. We establish further evidence of institutional investors’ influence on firms’ climate risk disclosures by examining a shock to the climate risk disclosure demand of French institutional investors (French Article 173). Authors have furnished an Internet Appendix, which is available on the Oxford University Press Web site next to the link to the final published paper online.
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Cites
How Much Should We Trust Differences-in-Differences Estimates?
Bertrand, M., Duflo, E., & Mullainathan, S. (2004) · The Quarterly Journal of Economics · doi:10.1162/003355304772839588 · Cited by 10,641
The Importance of Climate Risks for Institutional Investors
Krueger, P., Sautner, Z., & Starks, L. T. (2020) · The Review of Financial Studies · doi:10.1093/rfs/hhz137 · Cited by 3,034
Self-citationFlammer, C. (2018) · SSRN Electronic Journal · doi:10.2139/ssrn.3125518 · Cited by 2,901
Do institutional investors drive corporate social responsibility? International evidence
Dyck, A., Lins, K. V., Roth, L., & Wagner, H. F. (2019) · Journal of Financial Economics · doi:10.1016/j.jfineco.2018.08.013 · Cited by 2,547
Mandatory CSR and sustainability reporting: economic analysis and literature review
Christensen, H. B., Hail, L., & Leuz, C. (2021) · Review of Accounting Studies · doi:10.1007/s11142-021-09609-5 · Cited by 1,923
LEUZ, C., & WYSOCKI, P. D. (2016) · Journal of Accounting Research · doi:10.1111/1475-679x.12115 · Cited by 1,760
Firm-value effects of carbon emissions and carbon disclosures
Matsumura, E. M., Prakash, R., & Vera-Muñoz, S. C. (2014) · The Accounting Review · doi:10.2308/accr-50629 · Cited by 1,681
Ilhan, E., Sautner, Z., & Vilkov, G. (2021) · The Review of Financial Studies · doi:10.1093/rfs/hhaa071 · Cited by 1,136
Self-citationIlhan, E., Sautner, Z., & Vilkov, G. (2018) · SSRN Electronic Journal · doi:10.2139/ssrn.3204420 · Cited by 1,136
Self-citationChristensen, H. B., Floyd, E., Liu, L. Y., & Maffett, M. (2017) · Journal of Accounting and Economics · doi:10.1016/j.jacceco.2017.08.001 · Cited by 547
Cited by
Flammer, C. (2018) · SSRN Electronic Journal · doi:10.2139/ssrn.3125518 · Cited by 2,901
The impact of climate change on the cost of bank loans
Javadi, S., & Masum, A.-A. (2021) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2021.102019 · Cited by 594
Presidential Address: Sustainable Finance and ESG Issues— Value versus Values
STARKS, L. T. (2023) · The Journal of Finance · doi:10.1111/jofi.13255 · Cited by 474
Self-citationESG shareholder engagement and downside risk
Hoepner, A. G. F., Oikonomou, I., Sautner, Z., Starks, L. T., & Zhou, X. Y. (2024) · Review of Finance · doi:10.1093/rof/rfad034 · Cited by 425
Self-citationInvestor rewards to environmental responsibility: Evidence from the COVID-19 crisis
Garel, A., & Petit-Romec, A. (2021) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2021.101948 · Cited by 330
Metadata
- Authors
- Ilhan, E., Krueger, P., Sautner, Z., & Starks, L. T.
- Venue
- The Review of Financial Studies
- Publisher
- Oxford University Press (OUP)
- Published
- 2023-01-09
- Volume
- 36
- Issue
- 7
- Pages
- 2617-2650
- ISSN
- 0893-9454 (ISSN-L)
- 1465-7368
- OpenAlex
- W4313894319
- Cited by
- 753
- References
- 14
- FWCI
- 147.89
- Type
- journal article
- Language
- en
- Open access
- bronze
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- Ilhan, E., Krueger, P., Sautner, Z., & Starks, L. T. (2023). Climate Risk Disclosure and Institutional Investors. The Review of Financial Studies. https://doi.org/10.1093/rfs/hhad002
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
