Climate Risk and Capital Structure

The authors are grateful to Colin Mayer, an anonymous associate editor, six referees, Aymeric Bellon, Asaf Bernstein, Vincent Bouchet, Gilles Chemla, Hugues Chenet, Olivier Dessaint, Pascal Dumontier, Daniel Ferreira, Laurent Fresard, Thomas Heyden, Hubert de La Bruslerie, Marie-Aude Laguna, William Megginson, Jonathan Peillex, Sebastien Pouget, Manju Puri, Stefano Ramelli, David Robinson, Zacharias Sautner, Laura Starks, and Jonas Zink as well as conference participants at AFFI, the EDHEC climate finance conference, EFMA, FEBS, FMA, the Global Alliance for Sustainable Finance and Investment conference, the Principles for Responsible Investment academic conference, and SFA. The authors thank Florian Gallo, Jean-Marc Jancovici, Violaine Lepousez, Clément Ory (Carbone 4), and Leonie Chatain (Four Twenty Seven) for insightful discussions on the research project.