Publication

Climate-triggered institutional price pressure: Does it affect firms' cost of equity? with George Skiadopoulos

Journal of Financial and Quantitative Analysis 2025, forthcoming 

Institutional investors push up the cost of equity for S&P 500 firms exposed to climate risk—banks & insurers the biggest drivers. But higher costs don’t make firms greener.  

Robeco Sustainable Investing Prize (one of the three Best Papers Prizes), 4th Frontiers of Factor Investing Conference

Featured in: IR Magazine

Working paper version here