A5036211601- Climate Change Policy and Economics
- COVID-19 Pandemic Impacts
- Supply Chain Resilience and Risk Management
- Energy, Environment, Economic Growth
- Market Dynamics and Volatility
- Sustainable Finance and Green Bonds
- Risk Management in Financial Firms
- Innovation Policy and R&D
State Street (United States)
2019-2021
TD Bank
2019-2020
The coronavirus pandemic caused a sharp market decline while raising heterogeneous responses across companies related to their employees, supply chain, and repurposing of operations provide needed products services. We study whether during the 2020 COVID-19 induced crash, investors differentiated based on human capital, service response. Using data derived from natural language processing applied news coverage corporate crisis for 3,023 around world, we find that more positive sentiment...
The global COVID crisis provides a test case for the argument that public companies, by making significant and credible commitments to their stakeholder relationships, signal resilience investors and, so doing, cushion market values against general collapse. As one example, limiting layoffs, providing flexible work schedules, offering paid sick leave, companies are likely maintain higher employee productivity avoid costs associated with excessive turnover. And adapt supply chains quickly...
In the face of accelerating climate change, investors are making capital allocations seeking to decarbonize portfolios by reducing carbon intensity their holdings. To understand performance portfolio decarbonization strategies and investor behavior toward decarbonization, authors construct factors that go long low-carbon-intensity short high-carbon-intensity sectors, industries, or companies. They consider several formation find lowered emissions more aggressively performed better....
We analyze how the use of different climate risk measures leads to portfolio carbon outcomes and risk-adjusted returns. Our findings are synthesized in a rules-based investment framework, which selects type metric across industries weighs based on variability among firms within each industry. conclude that analyzing merits applicability various data can help investors manage while increasing
In the face of accelerating climate change, investors are making capital allocations seeking to decarbonize portfolios by reducing carbon emissions their holdings. To understand performance portfolio decarbonization strategies and investor behavior towards we construct factors that go long low intensity sectors, industries, or firms short high intensity. We consider several formation find lowered more aggressively performed better. Decarbonization factor returns associated with...
We analyze how the use of different climate risk measures leads to portfolio carbon outcomes and risk-adjusted returns. Our findings are synthesized in a rules-based investment framework, which selects type metric across industries weighs based on variability among firms within each industry. conclude that analyzing merits applicability various data can help investors manage while increasing
In <ext-link><bold><italic>Decarbonization Factors</italic></bold></ext-link>, from the Fall 2021 issue of <bold><italic>The Journal Impact and ESG Investing</italic></bold>, <bold>Alexander Cheema-Fox, Bridget Realmuto LaPerla, David Turkington</bold>, <bold>Hui (Stacie) Wang</bold>, all <bold>State Street Associates</bold>, <bold>George Serafeim</bold> <bold>Harvard University</bold> illustrate financial benefits decarbonizing a portfolio. They create examine performance six...