Does political risk exacerbate climate risk? Firm-level evidence
<p dir="ltr">Using machine-learning-based measures for political and <u>climate risks </u>derived from corporate conference calls, we discover a link between the two in a large sample of US firms from 2002 to 2021. Our findings suggest that firms facing higher political r...
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| مؤلفون آخرون: | , , |
| منشور في: |
2025
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إضافة وسم
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| _version_ | 1864513534153457664 |
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| author | Shabeen Afsar Basha (22467505) |
| author2 | Ramzi Benkraiem (5854646) Hamdi Ben-Nasr (18186820) Abdullah-Al Masum (3608246) |
| author2_role | author author author |
| author_facet | Shabeen Afsar Basha (22467505) Ramzi Benkraiem (5854646) Hamdi Ben-Nasr (18186820) Abdullah-Al Masum (3608246) |
| author_role | author |
| dc.creator.none.fl_str_mv | Shabeen Afsar Basha (22467505) Ramzi Benkraiem (5854646) Hamdi Ben-Nasr (18186820) Abdullah-Al Masum (3608246) |
| dc.date.none.fl_str_mv | 2025-05-03T06:00:00Z |
| dc.identifier.none.fl_str_mv | 10.1016/j.irfa.2025.104282 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/Does_political_risk_exacerbate_climate_risk_Firm-level_evidence/30406264 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Economics Applied economics Human society Political science Information and computing sciences Data management and data science Machine learning Political risk Corporate decision-making Climate risk |
| dc.title.none.fl_str_mv | Does political risk exacerbate climate risk? Firm-level evidence |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p dir="ltr">Using machine-learning-based measures for political and <u>climate risks </u>derived from corporate conference calls, we discover a link between the two in a large sample of US firms from 2002 to 2021. Our findings suggest that firms facing higher political risk are more susceptible to climate risk. Additionally, we find that a firm's emitter category <u>industry</u> classification and exposure to environmental litigation can exacerbate this situation, while <u>managerial ability</u> helps reduce the impact. Furthermore, political lobbying and donations effectively check corporate climate risk, but only under non-partisan conditions. Importantly, our findings are robust to concerns of reverse causality, sample selection bias, and measurement errors.</p><h2>Other Information</h2><p dir="ltr">Published in: International Review of Financial Analysis<br>License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.irfa.2025.104282" target="_blank">https://dx.doi.org/10.1016/j.irfa.2025.104282</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_8e84f5fb0589b749ac2eb51533743fca |
| identifier_str_mv | 10.1016/j.irfa.2025.104282 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/30406264 |
| publishDate | 2025 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | Does political risk exacerbate climate risk? Firm-level evidenceShabeen Afsar Basha (22467505)Ramzi Benkraiem (5854646)Hamdi Ben-Nasr (18186820)Abdullah-Al Masum (3608246)EconomicsApplied economicsHuman societyPolitical scienceInformation and computing sciencesData management and data scienceMachine learningPolitical riskCorporate decision-makingClimate risk<p dir="ltr">Using machine-learning-based measures for political and <u>climate risks </u>derived from corporate conference calls, we discover a link between the two in a large sample of US firms from 2002 to 2021. Our findings suggest that firms facing higher political risk are more susceptible to climate risk. Additionally, we find that a firm's emitter category <u>industry</u> classification and exposure to environmental litigation can exacerbate this situation, while <u>managerial ability</u> helps reduce the impact. Furthermore, political lobbying and donations effectively check corporate climate risk, but only under non-partisan conditions. Importantly, our findings are robust to concerns of reverse causality, sample selection bias, and measurement errors.</p><h2>Other Information</h2><p dir="ltr">Published in: International Review of Financial Analysis<br>License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.irfa.2025.104282" target="_blank">https://dx.doi.org/10.1016/j.irfa.2025.104282</a></p>2025-05-03T06:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1016/j.irfa.2025.104282https://figshare.com/articles/journal_contribution/Does_political_risk_exacerbate_climate_risk_Firm-level_evidence/30406264CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/304062642025-05-03T06:00:00Z |
| spellingShingle | Does political risk exacerbate climate risk? Firm-level evidence Shabeen Afsar Basha (22467505) Economics Applied economics Human society Political science Information and computing sciences Data management and data science Machine learning Political risk Corporate decision-making Climate risk |
| status_str | publishedVersion |
| title | Does political risk exacerbate climate risk? Firm-level evidence |
| title_full | Does political risk exacerbate climate risk? Firm-level evidence |
| title_fullStr | Does political risk exacerbate climate risk? Firm-level evidence |
| title_full_unstemmed | Does political risk exacerbate climate risk? Firm-level evidence |
| title_short | Does political risk exacerbate climate risk? Firm-level evidence |
| title_sort | Does political risk exacerbate climate risk? Firm-level evidence |
| topic | Economics Applied economics Human society Political science Information and computing sciences Data management and data science Machine learning Political risk Corporate decision-making Climate risk |