Nora M.C. Pankratz

Welcome! I'm an Assistant Professor of Finance at the University of Toronto.

My research studies corporate finance, investments, and financial markets in the face of climate change and other environmental challenges.

Previously, I was an Economist in the Division of Financial Stability at the Federal Reserve Board and a postdoctoral researcher at the University of California Los Angeles. 

Contact: nora.pankratz[at]gmail.com
All views expressed on this website are my own.

Publications

Climate Change and Adaptation in Global Supply-Chain Networks with Christoph Schiller
Review of Financial Studies (2024) | Lead Article

Climate Change, Firm Performance, and Investor Surprises [first author] with Rob Bauer and Jeroen Derwall
Management Science (2023)

Grants & Media Coverage

My research was awarded with grants by the French Social Investment Forum, the Principles for Responsible Investment, and the IZA.
Joint work with Jisung Park and Patrick Behrer has been covered by the New York Times, LA Times, and the Guardian.

Working Papers and Work in Progress

Firm-Level Climate Adaptation Policy with Jisung Park and Patrick Behrer

Temperature, Workplace Safety, and Labor Market Inequality with Jisung Park, Patrick Behrer, and Paul Stainier

Banks and Bugs: Biodiversity Risk Exposure through Real Estate

Teaching Experience

Instructor:

Corporate Finance and Investments (Maastricht, B.Sc. Econometrics, Fiscal & International Business Economics)
Ethics, Organizations and Society (Maastricht, B.Sc. International Business & International Business Economics)
Institutional Investors (Maastricht, M.Sc. Financial Economics, Strategic Corporate Finance & Sustainable Finance)

Guest Lectures:
Yale School of the Environment | Fall 2022
Cornell Dyson: Corporate Sustainability | Fall 2021
Cornell Dyson: CEMS Block Seminar | Summer 2021
UCLA Anderson: Climate Change Law and Finance | Fall 2020
UCLA Luskin: Graduate Seminar on Environmental Economics and Policy | Spring 2021
UCLA Luskin: Microeconomics, Market Failures, Inequality | Winter 2020
UCLA Anderson: Climate Change Law and Finance | Winter 2020