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Climate, race, and the cost of capital in the municipal bond market

Both climate risk and race are factors that may affect municipal bond yields, yet each has received relatively limited empirical research attention. We analyzed > 712,000 municipal bonds representing nearly 2 trillion USD in par outstanding, focusing on credit spread or the difference between a d...

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Detalles Bibliográficos
Autores principales: Smull, Erika, Kodra, Evan, Stern, Adam, Teras, Andrew, Bonanno, Michael, Doyle, Martin
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10411780/
https://www.ncbi.nlm.nih.gov/pubmed/37556471
http://dx.doi.org/10.1371/journal.pone.0288979