Publication: Beyond climate: the impact of biodiversity, water, and pollution on the CDS term structure
Beyond climate: the impact of biodiversity, water, and pollution on the CDS term structure
Date
Date
Date
Citations
Hoepner, A. G. F., Klausmann, J., Leippold, M., & Rillaerts, J. (2023). Beyond climate: the impact of biodiversity, water, and pollution on the CDS term structure (Swiss Finance Institute Research Paper).
Abstract
Abstract
Abstract
We investigate the impact of three non-climate environmental criteria: biodiversity, water, and pollution prevention, on infrastructure firms' credit risk term structure from the perspective of double materiality. Our findings show that firms that effectively manage these three environmental risks to which they are materially exposed have up to 93bps better long-term refinancing conditions compared to the worst-performing firms. While the results are less significant for the firm's material impact on the environment, investors still r
Metrics
Downloads
Views
Citations
Additional indexing
Creators (Authors)
Series Name
Series Name
Series Name
Item Type
Item Type
Item Type
In collections
JEL Classification
JEL Classification
JEL Classification
G18
G32
M14
Q52
Keywords
Scope
Scope
Scope
Language
Language
Language
Publication date
Publication date
Publication date
Date available
Date available
Date available
Number of pages
Number of pages
Number of pages
ISSN or e-ISSN
ISSN or e-ISSN
ISSN or e-ISSN
Additional Information
Additional Information
Additional Information
OA Status
OA Status
OA Status
Other Identification Number
Other Identification Number
Other Identification Number
Metrics
Downloads
Views
Citations
Citations
Hoepner, A. G. F., Klausmann, J., Leippold, M., & Rillaerts, J. (2023). Beyond climate: the impact of biodiversity, water, and pollution on the CDS term structure (Swiss Finance Institute Research Paper).
