Real effects of climate policy: Financial constraints and spillovers
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Financial Economics"
DOI: 10.1016/j.jfineco.2021.06.015
Abstract: Abstract We document that localized policies aimed at mitigating climate risk can have unintended consequences due to regulatory arbitrage by firms. Using a difference-in-differences framework to study the impact of the California cap-and-trade program with… read more here.
Keywords: policy; real effects; policy financial; climate ... See more keywords