The impact of climate vulnerability on firms’ cost of capital and access to finance

•First systematic investigation of the effect of climate vulnerability on firms’ cost of capital and access to finance.•Theoretically, shows how climate vulnerability could affect firms’ cost of capital and access to finance.•Constructs new climate vulnerability index and uses panel instrumental var...

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Bibliographic Details
Published in:	World development Vol. 137; p. 105131
Main Authors:	Kling, Gerhard, Volz, Ulrich, Murinde, Victor, Ayas, Sibel
Format:	Journal Article
Language:	English
Published:	Oxford Elsevier Ltd 01.01.2021 Elsevier Science Publishers Pergamon Press Inc
Subjects:	Access Access to finance Capital Climate change Climate effects Climate vulnerability Companies Cost of capital Costs Debt Environmental risk Finance Financial exclusion Global temperature changes Indexes Multivariate statistical analysis Panel data Structural equation modeling Structural models Vulnerability Access to finance Q54 O16 Climate vulnerability G32 Cost of capital Financial exclusion
ISSN:	0305-750X, 1873-5991
Online Access:	Get full text
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