Climate-related discussions in firms’ 10-K: Who does it and what is its impact?

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dc.contributor.authorBasu, Sankarshan
dc.contributor.authorBhattacharya, Sharad
dc.contributor.authorBhattacharya, Mousumi
dc.contributor.authorPathak, Jalaj
dc.date.accessioned2023-09-27T11:12:24Z
dc.date.available2023-09-27T11:12:24Z
dc.date.issued2022-11
dc.description.abstractWe examine the impact of climate-related discussions in the Management Discussion and Analysis (MDandA) section of the 10-K filings of SandP 500 firms from 2007 to 2018 and find that only firms from three specific industries (Energy, Utilities and Finance) have such discussions. We also find that the increase in mention of climate related words and ngrams is significantly associated with a fall in holding period return (HPR), post the filing date and especially post the Paris agreement. This suggests that investors perceive higher climate change discussion in a negative light even without any change in fundamentals. © 2022 Elsevier B.V.
dc.identifier.citationBasu, S., Bhattacharya, S., Bhattacharya, M., and Pathak, J. (2022). Climate-related discussions in firms’ 10-K: Who does it and what is its impact?. Economics Letters, 220, 110855.
dc.identifier.urihttps://doi.org/10.1016/j.econlet.2022.110855||
dc.identifier.urihttps://doi.org/10.1016/j.econlet.2022.110855||
dc.identifier.urihttp://ir.ahduni.edu.in/handle/123456789/2864
dc.language.isoen_US
dc.publisherElsevier
dc.relation.ispartofseriesVolume 220
dc.sourceEconomics Letters
dc.subjectClimate impact||Firm reporting
dc.titleClimate-related discussions in firms’ 10-K: Who does it and what is its impact?
dc.typeArticle

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