Climate change hits indebted businesses hardest, new research suggests
Climate change leads to investment droughts, too. mgstudyo/E+/Getty ImagesClimate change poses the biggest risks to the most vulnerable people, and the same is true for businesses: Highly leveraged companies – those that have accumulated too much debt – are uniquely susceptible to climate shocks. That’s what we found in a forthcoming study in The Review of Corporate Finance that analyzed data from more than 2,500 U.S. publicly listed companies over 16 years. As professors who study climate finan
Source: yahoo.com