Does green activity impact stock price crash risk? The role of climate risk

Finance Research Letters(2023)

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摘要
•We investigate the effect corporate green activity on the stock price crash risk.•We use a sample of 2222 US firms from 2002 to 2021.•Firms participating in green activities have lower price crash risk by up to 42.9%.•The impact is stronger during high-climate risk periods.
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关键词
climate,risk
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