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| DOI | 10.1016/j.jebo.2023.12.029 |
| Firm carbon risk exposure, stock returns, and dividend payment | |
| 发表日期 | 2024 |
| ISSN | 0167-2681 |
| EISSN | 1879-1751 |
| 起始页码 | 221 |
| 卷号 | 221 |
| 英文摘要 | In this paper, we study whether a firm's carbon risk exposure plays a role in the relationship between dividend announcements and stock returns. Our results show that when investors hold disproportionately high carbon emitters with associated increased carbon risk, a positive relationship exists between a firm's carbon emissions and the association between the stock returns and dividend payment. If investors hold disproportionately high carbon emitters with the associated increased carbon risk stocks, the stock market reacts less positively (more negatively) to dividend increase (decrease) announcements. At the same time, if firms under-price their carbon risk, the stock market reacts less positively (more negatively) to dividend increase (decrease) announcements. |
| 英文关键词 | Carbon emission; Dividend; Stock return; Climate change |
| 语种 | 英语 |
| WOS研究方向 | Business & Economics |
| WOS类目 | Economics |
| WOS记录号 | WOS:001219516600001 |
| 来源期刊 | JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION
 |
| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/289931 |
| 作者单位 | Vietnam National University Hanoi; Swansea University; Northumbria University |
| 推荐引用方式 GB/T 7714 | . Firm carbon risk exposure, stock returns, and dividend payment[J],2024,221. |
| APA | (2024).Firm carbon risk exposure, stock returns, and dividend payment.JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION,221. |
| MLA | "Firm carbon risk exposure, stock returns, and dividend payment".JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION 221(2024). |
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