國立虎尾科技大學 |

Three Essays on Sustainable Finance : = Canadian Physical Costs of Climate Change, Global Carbon Prices and the Costs of Climate Change, and, Environmental and Disclosure Performance : A Study of CA 100+ Companies.

紀錄類型:	書目-語言資料,手稿 : Monograph/item
正題名/作者:	Three Essays on Sustainable Finance :/
其他題名:	Canadian Physical Costs of Climate Change, Global Carbon Prices and the Costs of Climate Change, and, Environmental and Disclosure Performance : A Study of CA 100+ Companies.
作者:	Willcott, Neal.
面頁冊數:	1 online resource (105 pages)
附註:	Source: Dissertations Abstracts International, Volume: 85-11, Section: B.
Contained By:	Dissertations Abstracts International85-11B.
標題:	Canadian studies. -
電子資源:	click for full text (PQDT)
ISBN:	9798382229829

Three Essays on Sustainable Finance : = Canadian Physical Costs of Climate Change, Global Carbon Prices and the Costs of Climate Change, and, Environmental and Disclosure Performance : A Study of CA 100+ Companies.
Willcott, Neal.

Three Essays on Sustainable Finance :Canadian Physical Costs of Climate Change, Global Carbon Prices and the Costs of Climate Change, and, Environmental and Disclosure Performance : A Study of CA 100+ Companies. - 1 online resource (105 pages)

Source: Dissertations Abstracts International, Volume: 85-11, Section: B.

Thesis (Ph.D.)--Queen's University (Canada), 2024.

Includes bibliographical references

Sustainable finance has been increasingly gaining prominence in mainstream financial studies. The consideration of sustainability concerns within the sphere of finance has significant economic implications for society, investors, and beyond. In the past decade, the severity of climate change and its associated costs has spurred conversations about how to safeguard our prosperity in the face of this growing concern. These questions form the fundamental motivation for the study of how global climate change influences economic outcomes and firm performance and cost of equity. Specifically, this thesis is motivated by areas within sustainable finance that demand further research. The results from the first essay provide insight into the economic costs to Canada across several temperature outcomes leading into 2100. Using the Dynamic Integrated Climate and Economic (DICE) model, we project that climate change mitigation efforts that lead to a 2oC outcome more than pay for themselves in avoided climate costs from physical damages. The second essay investigates the climate change outcomes under varying global average carbon prices. We find that a global carbon price, while playing a critical role, will not be sufficient to meet our Paris Climate Agreement goals of limiting our global temperature increase to 1.5- 2oC above pre-industrial levels by 2100. We also project significant differences in global physical costs, highlighting the urgency of taking action to mitigate global warming. The third essay investigates how environmental and disclosure performance influences firm's return performance and cost of equity. We examine CA 100+ and find that they outperform other world indices in returns at a lower standard deviation, indicating stochastic dominance performance. We further find that the 2022 cost of equity (CoE) estimates for CA 100+ firms are in line with expectations after adjusting for country and industry impacts. We also find that, among CA 100+ firms, those that performed the worst environmentally and regarding disclosures had a lower CoE, contrary to expectations.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9798382229829Subjects--Topical Terms:

1180084
Canadian studies.
Subjects--Index Terms:

Sustainable financeIndex Terms--Genre/Form:

554714
Electronic books.

Three Essays on Sustainable Finance : = Canadian Physical Costs of Climate Change, Global Carbon Prices and the Costs of Climate Change, and, Environmental and Disclosure Performance : A Study of CA 100+ Companies.
LDR:03606ntm a22003857 4500 001 1146713
005 20240812064720.5
006 m o d
007 cr bn ---uuuuu
008 250605s2024 xx obm 000 0 eng d
020 $a 9798382229829
035 $a (MiAaPQ)AAI31252212
035 $a (MiAaPQ)QueensUCan_197432807
035 $a AAI31252212
040 $a MiAaPQ $b eng $c MiAaPQ $d NTU
100 1 $a Willcott, Neal. $3 1472166
245 1 0 $a Three Essays on Sustainable Finance : $b Canadian Physical Costs of Climate Change, Global Carbon Prices and the Costs of Climate Change, and, Environmental and Disclosure Performance : A Study of CA 100+ Companies.
264 0 $c 2024
300 $a 1 online resource (105 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
500 $a Source: Dissertations Abstracts International, Volume: 85-11, Section: B.
500 $a Advisor: Cleary, Sean.
502 $a Thesis (Ph.D.)--Queen's University (Canada), 2024.
504 $a Includes bibliographical references
520 $a Sustainable finance has been increasingly gaining prominence in mainstream financial studies. The consideration of sustainability concerns within the sphere of finance has significant economic implications for society, investors, and beyond. In the past decade, the severity of climate change and its associated costs has spurred conversations about how to safeguard our prosperity in the face of this growing concern. These questions form the fundamental motivation for the study of how global climate change influences economic outcomes and firm performance and cost of equity. Specifically, this thesis is motivated by areas within sustainable finance that demand further research. The results from the first essay provide insight into the economic costs to Canada across several temperature outcomes leading into 2100. Using the Dynamic Integrated Climate and Economic (DICE) model, we project that climate change mitigation efforts that lead to a 2oC outcome more than pay for themselves in avoided climate costs from physical damages. The second essay investigates the climate change outcomes under varying global average carbon prices. We find that a global carbon price, while playing a critical role, will not be sufficient to meet our Paris Climate Agreement goals of limiting our global temperature increase to 1.5- 2oC above pre-industrial levels by 2100. We also project significant differences in global physical costs, highlighting the urgency of taking action to mitigate global warming. The third essay investigates how environmental and disclosure performance influences firm's return performance and cost of equity. We examine CA 100+ and find that they outperform other world indices in returns at a lower standard deviation, indicating stochastic dominance performance. We further find that the 2022 cost of equity (CoE) estimates for CA 100+ firms are in line with expectations after adjusting for country and industry impacts. We also find that, among CA 100+ firms, those that performed the worst environmentally and regarding disclosures had a lower CoE, contrary to expectations.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2024
538 $a Mode of access: World Wide Web
650 4 $a Canadian studies. $3 1180084
650 4 $a Climate change. $2 bicssc $3 1009004
653 $a Sustainable finance
653 $a Financial studies
653 $a Global carbon prices
655 7 $a Electronic books. $2 local $3 554714
690 $a 0404
690 $a 0438
690 $a 0385
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a Queen's University (Canada). $3 1148613
773 0 $t Dissertations Abstracts International $g 85-11B.
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=31252212 $z click for full text (PQDT)