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Cited by 560

The DOI matches its Crossref record; 71 of the 71 references it cites were found in a registry or an index.

Corporate Climate Risk: Measurements and Responses

Open access
Li, Qing, Shan, Hongyu, Tang, Yuehua, Yao, Vincent·2024·The Review of Financial Studies
DOI 10.1093/rfs/hhad094
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Abstract

This paper conducts a textual analysis of earnings call transcripts to quantify climate risk exposure at the firm level. We construct dictionaries that measure physical and transition climate risks separately and identify firms that proactively respond to climate risks. Our validation analysis shows that our measures capture firm-level variations in respective climate risk exposure. Firms facing high transition risk, especially those that do not proactively respond, have been valued at a discount in recent years as aggregate investor attention to climate-related issues has been increasing. We document differences in how firms respond through investment, green innovation, and employment when facing high climate risk exposure.

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Crossref · 10.1093/rfs/hhad094

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Metadata

Authors
Li, Q., Shan, H., Tang, Y., & Yao, V.
Venue
The Review of Financial Studies
Publisher
Oxford University Press (OUP)
Published
2024-01-16
Volume
37
Issue
6
Pages
1778-1830
ISSN
  • 0893-9454 (ISSN-L)
  • 1465-7368
DOI
10.1093/rfs/hhad094
OpenAlex
W4390954288
Cited by
560
References
71
FWCI
12.67
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Corporate Climate Risk: Measurements and Responses. https://app.cochat.ai/papers/10.1093/rfs/hhad094
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Li, Q., Shan, H., Tang, Y., & Yao, V. (2024). Corporate Climate Risk: Measurements and Responses. The Review of Financial Studies. https://doi.org/10.1093/rfs/hhad094

Data sources

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.