We investigate carbon risk in global equity prices. We develop a measure of carbon risk using
industry standard databases and study return differences between brown and green firms. …

We investigate whether the Russia-Ukraine conflict has affected energy firms’ stock prices.
Based on a global sample of 1,630 energy firms, we conduct an event study around Russia's …

We investigate whether the Russia-Ukraine conflict has affected investors' assessment
concerning a green energy transition. Based on a global energy sector sample, we apply an …

Portfolio management is confronting climate change more strongly and rapidly than
expected. Risks arising from the transition from a brown, carbon-based to a green, low-carbon …

We use the COVID-19 pandemic period in 2020 as an exogenous shock event to assess in
how far climate risks measured by carbon exposure have entered and established …

We study the impact of disclosing greenhouse gas emissions (CO2) on the liquidity of firms’
equity. For the subset of firms that report emissions, we find that higher emissions lead to …

We study the impact of disclosing greenhouse gas emissions (CO2) on the liquidity of firms’
equity. We find that firms that emit more carbon are less liquid. However, firms that disclose …

The demand for sustainable investments is growing worldwide. As a result, the DAX 50 ESG
was introduced in March 2020 as the first ESG index by the German stock exchange. It is …

The contribution to the 17 Sustainable Development Goals (SDGs) represents the next
generation of measures for the sustainability of firms. We are the first to study the impact of a firm’…

The generally accepted definition of sustainability's has a future orientation where" the needs
of the present" are satisfied" without compromising the ability of future generations to meet …