Capital assets pricing model based on attitude to one-side risk and its empirical test

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Antai College of Economics and Management, Shanghai Jiaotong Univ., Shanghai 200052, China ^{[1
]}

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Shanghai Jiaotong Daxue Xuebao | 2006年 / 9卷 / 1540-1543期

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共 38 条

[31] Why the structure of capital and the useful lives of its components matter: A test based on a model of Austrian descent
Bitros, George
REVIEW OF AUSTRIAN ECONOMICS, 2008, 21 (04): : 301 - 328
[32] Antecedents of ERP assimilation and its impact on ERP value: A TOE-based model and empirical test
Wenjuan Xu
Peiyu Ou
Weiguo Fan
Information Systems Frontiers, 2017, 19 : 13 - 30
[33] Antecedents of ERP assimilation and its impact on ERP value: A TOE-based model and empirical test
Xu, Wenjuan
Ou, Peiyu
Fan, Weiguo
INFORMATION SYSTEMS FRONTIERS, 2017, 19 (01) : 13 - 30
[34] The Evaluation Model of Bank's Assets Quality Based on G1 and Mean-Square Deviation Methods and Its Empirical Research
Liu, Yanping
Qu, Leilei
APPLIED ECONOMICS, BUSINESS AND DEVELOPMENT, 2011, 208 : 243 - 249
[35] Highway Project Investment Risk Factors and Its Mechanism: Empirical Studies Based on Structural Equation Model
Zhao Wenzhong
Mu Lingling
An Nan
ADVANCED CONSTRUCTION TECHNOLOGIES, 2014, 919-921 : 1457 - 1461
[36] Empirical Test on the Relationship between Financial Region Ecological Environment and Enterprise Risk Taking Based on OLS Regression Model
Zheng, Jingfang
Wang, Xiaohua
Zhou, Kang
EKOLOJI, 2018, 27 (106): : 1809 - 1818
[37] Spillover effects of offshore financial market risk in RMB internationalization: an empirical test based on the TVP-SV-VAR model
Xuefeng, Shao
Mingchao, Guan
Guodong, Yu
Xian, Liu
APPLIED ECONOMICS, 2024,
[38] To examine the role of climate risk exposure in corporate capital structure decisions, we use a large sample of firms across 35 countries from 2001 to 2021 and show a significantly positive association between firms' climate risk exposure and speed of leverage adjustment based on a two-step partial leverage adjustment model. A one- standard-deviation increase in climate risk exposure increases firms' SOA by 5.59%. A plausible explanation is that climate risk exposure mitigates agency conflicts and improves information efficiency. The positive rela- tionship is stronger in firms from countries with better climate governance, lower bank financing support, and higher policy quality. Overall, our study demonstrates the critical role of climate risk in capital structure de- cisions in the global context.
Zhou, Zihan
Wu, Kai
JOURNAL OF CLEANER PRODUCTION, 2023, 389

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