IDEAS home Printed from https://ideas.repec.org/p/bca/bocsan/23-4.html
   My bibliography  Save this paper

What we can learn by linking firms’ reported emissions with their financial data

Author

Listed:
  • Matthew Ackman
  • Timothy Grieder
  • Callie Symmers
  • Geneviève Vallée

Abstract

We analyze the financial statements and stock prices of publicly traded firms incorporated in Canada that report greenhouse gas emissions. We find that these firms primarily use equity financing. We also find that equity investors increasingly account for firms’ emissions when making investment decisions but the impact appears small. This suggests that assets exposed to climate change remain at risk of a sudden repricing.

Suggested Citation

  • Matthew Ackman & Timothy Grieder & Callie Symmers & Geneviève Vallée, 2023. "What we can learn by linking firms’ reported emissions with their financial data," Staff Analytical Notes 2023-4, Bank of Canada.
    • Handle: RePEc:bca:bocsan:23-4
    as

    Download full text from publisher

    File URL: https://www.bankofcanada.ca/2023/04/staff-analytical-note-2023-4/
    File Function: Abstract
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Asset pricing; Climate change; Financial stability; Firm dynamics;
    All these keywords.

    JEL classification:

    • G - Financial Economics
    • G1 - Financial Economics - - General Financial Markets
    • G3 - Financial Economics - - Corporate Finance and Governance
    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bca:bocsan:23-4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/bocgvca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.