The Importance of Climate Risks for Institutional Investors
Type de ressource
Auteurs/contributeurs
- Krueger, Philipp (Auteur)
- Sautner, Zacharias (Auteur)
- Starks, Laura T. (Auteur)
Titre
The Importance of Climate Risks for Institutional Investors
Résumé
According to our survey about climate risk perceptions, institutional investors believe climate risks have financial implications for their portfolio firms and that these risks, particularly regulatory risks, already have begun to materialize. Many of the investors, especially the long-term, larger, and ESG-oriented ones, consider risk management and engagement, rather than divestment, to be the better approach for addressing climate risks. Although surveyed investors believe that some equity valuations do not fully reflect climate risks, their perceived overvaluations are not large.
Publication
Review of Financial Studies
Date
2020
Consulté le
2024-01-01 17 h 32
Catalogue de bibl.
RePEc - Econpapers
Extra
Publisher: Society for Financial Studies
Référence
Krueger, P., Sautner, Z., & Starks, L. T. (2020). The Importance of Climate Risks for Institutional Investors. Review of Financial Studies. https://econpapers.repec.org/article/ouprfinst/v_3a33_3ay_3a2020_3ai_3a3_3ap_3a1067-1111..htm
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