Addoum, J. M., Ng, D. T., & Ortiz-Bobea, A. (2020a). Temperature shocks and establishment sales. Review of Financial Studies, 33, 1331–1366.
Addoum, J. M., Ng, D. T., & Ortiz-Bobea, A. (2020b). Temperature shocks and industry earnings news. Working Paper. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3480695.
Barnett, M., Brock, W., & Hansen, L. P. (2020). Pricing uncertainty induced by climate change. Review of Financial Studies, 33, 1024–1066.
Belasen, A. R., & Polachek, S. W. (2008). How hurricanes affect wages and employment in local labor markets. American Economic Review, 98, 49–53.
Berkman, H., Jona, J., & Soderstrom, N. S. (2019). Firm-specific climate risk and market valuation. Working Paper. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2775552.
Bernile, G., Kumar, A., & Sulaeman, J. (2015). Home away from home: Geography of information and local investors. Review of Financial Studies, 28, 2009–2049.
Bolton, P., & Kacperczyk, M. (2021). Do investors care about carbon risk? Journal of Financial Economics, 142, 517–549.
Brinkley, D. (2007). The great deluge: Hurricane Katrina, New Orleans, and the Mississippi Gulf Coast. Harper Perennial.
Brown, K., & Kowsmann, P. (2021). At Deutsche Bank’s DWS, issues with data were at heart of sustainable-investing problems. The Wall Street Journal.
Brown, J. R., Gustafson, M., & Ivanov, I. (2020). Weathering cash flow shocks. Journal of Finance Forthcoming.
Burke, M., Hsiang, S. M., & Miguel, E. (2015). Global non-linear effect of temperature on economic production. Nature, 527, 235–239.
Burzillo, S., Shaffer, M., & Sloan, R. (2021). Who uses corporate sustainability reports? Working Paper. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3976550.
Chaney, T., Sraer, D., & Thesmar, D. (2012). The collateral channel: How real estate shocks affect corporate investment. American Economic Review, 102, 2381–2409.
Cheema-Fox, A., LaPerla, B. R., Serafeim, G., Turkington, D., & Wang, H. (2020). Decarbonizing everything. Working Paper. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3693941.
Chen, A. Y. (2021). The limits of p-hacking: Some thought experiments. Journal of Finance, 76, 2447–2480.
Chen, J. V., Nagar, V., & Schoenfeld, J. (2018). Manager-analyst conversations in earnings conference calls. Review of Accounting Studies, 23, 1315–1354.
Christensen, H. B., Hail, L., & Leuz, C. (2021). Mandatory CSR and sustainability reporting: Economic analysis and literature review. Review of Accounting Studies, 26, 1176–1248.
Colias, M. (2021). Inside GM’s plans to convert its factories for EVs. The Wall Street Journal.
Dell, M., Jones, B. F., & Olken, B. A. (2012). Temperature shocks and economic growth: Evidence from the last half century. American Economic Journal: Macroeconomics, 4, 66–95.
Dessaint, O., & Matray, A. (2017). Do managers overreact to salient risks? Evidence from hurricane strikes. Journal of Financial Economics, 126, 97–121.
Dimson, E., Marsh, P., & Staunton, M. (2020). Divergent ESG ratings. Journal of Portfolio Management, 47, 75–87.
Engle, R., Giglio, S., Lee, H., Kelly, B., & Stroebel, J. (2020). Hedging climate change news. Review of Financial Studies, 33, 1184–1216.
Fama, E., & French, K. (1996). Multifactor explanations of asset pricing anomalies. Journal of Finance, 51, 55–84.
Fama, E., & French, K. (2008a). Average returns, B/M, and share issues. Journal of Finance, 63, 2971–2995.
Fama, E., & French, K. (2008b). Dissecting anomalies. Journal of Finance, 63, 1653–1678.
Fama, E. F., & French, K. R. (2015). A five-factor asset pricing model. Journal of Financial Economics, 116, 1–22.
FASB. (2021). Intersection of Environmental, Social, and Governance Matters with Financial Accounting Standards. FASB Staff Educational Paper.
Feng, G., Giglio, S., & Ziu, D. (2020). Taming the factor zoo: A test of new factors. Journal of Finance Forthcoming.
García, D., & Norli, O. (2012). Geographic dispersion and stock returns. Journal of Financial Economics, 106, 547–565.
Gates, W. (2021). Financing the clean industrial revolution. Breakthrough Energy.
Gentzkow, M., Kelly, B., & Taddy, M. (2019). Text as data. Journal of Economic Literature, 57, 535–74.
Giglio, S., Liao, Y., & Xiu, D. (2020). Thousands of alpha tests. Review of Financial Studies, 34, 3456–3496.
Giglio, S., Maggiori, M., Rao, K., Stroebel, J., & Weber, A. (2021). Climate change and long-run discount rates: Evidence from real estate. The Review of Financial Studies, 34, 3527–3571.
Goldstein, A., Turner, W. R., Gladstone, J., & Hole, D. G. (2019). The private sector’s climate change risk and adaptation blind spots. Nature Climate Change, 9, 18–25.
Graff-Zivin, J., & Neidell, M. (2014). Temperature and the allocation of time: Implications for climate change. Journal of Labor Economics, 32, 1–26.
Harvey, C. R., Liu, Y., & Zhu, H. (2016). … and the cross-section of expected returns. Review of Financial Studies, 29, 5–68.
Hoberg, G., & Maksimovic, V. (2015). Redefining financial constraints: A text-based analysis. Review of Financial Studies, 28, 1312–1352.
Hoberg, G., Phillips, G., & Prabhala, N. (2014). Product market threats, payouts, and financial flexibility. Journal of Finance, 69, 293–324.
Hong, H., Li, F. W., & Xu, J. (2019). Climate risks and market efficiency. Journal of Econometrics, 208, 265–281.
Hou, K., Xue, C., & Zhang, L. (2015). Digesting anomalies: An investment approach. Review of Financial Studies, 28, 650–705.
Hou, K., Xue, C., & Zhang, L. (2020). Replicating anomalies. Review of Financial Studies, 33, 2019–2133.
Hsu, P. -H., Li, K., & Tsou, C. -Y. (2020). The pollution premium. Working Paper. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3578215.
Hutson, M. (2018a). AI Researchers allege that machine learning is alchemy. Science.
Hutson, M. (2018b). Artificial intelligence faces reproducibility crisis. Science.
Ilhan, E., Sautner, Z., & Vilkov, G. (2020). Carbon tail risk. Review of Financial Studies, Forthcoming.
Jenkins, H. W. (2021). Climate media vs. climate science. The Wall Street Journal.
Kaleem, J., & Wallace, T. (2012). Hurricane Sandy vs. Katrina infographic examines destruction from both storms. Huffington Post.
Kiernan, P. (2021). SEC Asks dozens of companies for more climate disclosures. The Wall Street Journal.
Kotsantonis, S., & Serafeim, G. (2019). Four things no one will tell you about ESG data. Journal of Applied Corporate Finance, 31, 50–58.
Kozak, S., Nagel, S., & Santosh, S. (2020). Shrinking the cross-section. Journal of Financial Economics, 135, 271–292.
Kruttli, M., Tran, B., & Watugala, S. (2020). Pricing poseidon: Extreme weather uncertainty and firm return dynamics. Working Paper. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3284517.
Li, F. (2008). Annual report readability, current earnings, and earnings persistence. Journal of Accounting and Economics, 45, 221–247.
Li, F., Lundholm, R., & Minnis, M. (2013). A measure of competition based on 10-K filings. Journal of Accounting Research, 51, 399–436.
Li, Q., Shan, H., Tang, Y., & Yao, V. (2020). Corporate climate risk: Measurements and responses. Working Paper. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3508497.
Loughran, T., & McDonald, B. (2011). When is a liability not a liability? Textual analysis, dictionaries, and 10-Ks. Journal of Finance, 66, 35–65.
Loughran, T., & McDonald, B. (2013). IPO First-day returns, offer price revisions, volatility, and form S-1 language. Journal of Financial Economics, 109, 307–326.
Loughran, T., & McDonald, B. (2016). Textual analysis in accounting and finance: A survey. Journal of Accounting Research, 54, 1187–1230.
Maurer, M. (2021). Global accounting organization launches climate-disclosure rule maker. The Wall Street Journal.
Mayew, W. (2008). Evidence of management discrimination among analysts during earnings conference calls. Journal of Accounting Research, 46, 627–659.
Mayew, W., & Venkatachalam, M. (2012). The power of voice: Managerial affective states and future firm performance. The Journal of Finance, 67, 1–44.
McNamara, D. E., & Keeler, A. (2013). A coupled physical and economic model of the response of coastal real estate to climate risk. Nature Climate Change, 3, 559–562.
Moitra, A. (2018). Algorithmic aspects of machine learning. Cambridge: Cambridge University Press.
Nagar, V., & Schoenfeld, J. (2021). Shareholder monitoring and discretionary disclosure. Journal of Accounting and Economics, 72, 101422.
Pastor, L., & Stambaugh, R. (2003). Liquidity risk and expected stock returns. Journal of Political Economy, 111, 642–685.
Plumlee, M., Brown, D., Hayes, R. M., & Marshall, R. S. (2015). Voluntary environmental disclosure quality and firm value: Further evidence. Journal of Accounting and Public Policy, 34, 336–361.
Purnanandam, A., & Weagley, D. (2016). Can markets discipline government agencies? Evidence from the weather derivatives market. Journal of Finance, 71, 303–334.
Sautner, Z., van Lent, L., Vilkov, G., & Zhang, R. (2020). Firm-level climate change exposure. Working Paper. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3642508.
Schoenfeld, J. (2017). The effect of voluntary disclosure on stock liquidity: New evidence from index funds. Journal of Accounting and Economics, 63, 51–74.
Sobel, A. (2014). Storm surge: Hurricane sandy, our changing climate, and extreme weather of the past and future. Harper Wave.
Tilley, A., & Gold, R. (2020). Microsoft raises stakes in corporate climate-pledge race. The Wall Street Journal.