A carregar...
Publicação
The impact of climate change awareness on banks´ risk exposure: evidence from euro-area and north American banks
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 1.01 MB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
Climate change brings risks and opportunities for banks’ business. I empirically analyze U.S.
and Euro-area banks to investigate how awareness of these risks and opportunities impacts
banks’ risk exposure. For U.S. banks, I find a statistically insignificant effect of awareness on
banks’ risk-weighted assets. On the other hand, I find a significant convex relationship for Euro area banks: overall, awareness reduces the risk taken. However, beyond a certain awareness
level, banks shift their portfolios to riskier assets. Possible explanations are lower credit losses
and easier access to capital. These results are relevant for banks’ risk management and
regulatory policies.
Descrição
Palavras-chave
Risk management Risk exposure Banking Climate change Sustainability