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The impact of transitional climate risks on the value of Russian companies

Veronika Loginova ()
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Veronika Loginova: Department of Economics, Lomonosov Moscow State University

No 49, Working Papers from Moscow State University, Faculty of Economics

Abstract: This paper describes the channels of influence of transitional climate risks on the value of companies and provides empirical evidence of the impact of transitional climate risks on the value of Russian companies on the example of the introduction of cross-border regulation in the EU. A study using the methods of event analysis and the construction of autoregressive models for assessing excess returns confirmed that these risks are taken into account by the Russian financial market, and proved the need to take them into account in the long-term evaluation of the company.

Keywords: transitional climate risks; channels of influence; company value; event analysis; autoregressive models; cross-border regulation (search for similar items in EconPapers)
JEL-codes: G14 G38 G39 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2022-12
New Economics Papers: this item is included in nep-cis and nep-env
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