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Dealing with Carbon Risk and the Cost of Debt: Evidence from the European Market
| Content Provider | MDPI |
|---|---|
| Author | Pizzutilo, Fabio Mariani, Massimo Caragnano, Alessandra Zito, Marianna |
| Copyright Year | 2020 |
| Description | The ever-increasing attention towards climate change has led to investigate the economic and financial impact of environmental risk. In this scenario, we aimed at investigating the relationship between a specific component of environmental risk, namely the so-called carbon risk, and the cost of debt. This research is motivated by the fact that few studies have focused on the aforementioned relationship. We fill this gap by using a sample of companies listed on the Eurostoxx 600 Index. Our results evidence a positive relationship between carbon risk and cost of debt, providing a relevant contribution to the scarce existing literature on this topic. |
| Starting Page | 61 |
| e-ISSN | 22277072 |
| DOI | 10.3390/ijfs8040061 |
| Journal | International Journal of Financial Studies |
| Issue Number | 4 |
| Volume Number | 8 |
| Language | English |
| Publisher | MDPI |
| Publisher Date | 2020-10-13 |
| Access Restriction | Open |
| Subject Keyword | International Journal of Financial Studies Social Sciences, Interdisciplinary Environmental Finance Carbon Risk Cost of Debt European Financial Market |
| Content Type | Text |
| Resource Type | Article |
