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Research Article

Impact of the corporate response to climate risk on financial leverage and systematic risk

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References

  • Brealey, R., S. Myers, F. Allen, and A. Edmans. 2022. Principal of Corporate Finance. New York: McGraw-Hill.
  • Chen, Z., J. Harford, and A. Kamara. 2019. “Operating Leverage, Profitability, and Capital Structure.” Journal of Financial and Quantitative Analysis 54 (1): 369–392. doi:10.1017/S0022109018000595.
  • Javadi, S., and A. Masum. 2021. “The Impact of Climate Change on the Cost of Bank Loans.” Journal of Corporate Finance 69: 1–28. doi:10.1016/j.jcorpfin.2021.102019.
  • Lev, B. 1974. “On the Association Between Operating Leverage and Risk.” Journal of Financial and Quantitative Analysis 9 (4): 627–641. doi:10.2307/2329764.
  • Nguyen, J. H., and H. V. Phan. 2020. “Carbon Risk and Corporate Capital Structure.” Journal of Corporate Finance 64: 1–21. doi:10.1016/j.jcorpfin.2020.101713.
  • Schwert, M., and I. A. Strebulaev. 2014. “Capital Structure and Systematic Risk.” Working paper series No. 178. SSRN Electronic Journal. doi:10.2139/ssrn.2421020.

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