RT Generic
T1 Effects of extreme temperature on the European equity market
A1 Bellocca, Gian Pietro Enzo
A1 Alessi, Lucia
A1 Poncela Blanco, Maria Pilar
A1 Ruiz Ortega, Esther
A2 Universidad Carlos III de Madrid. Departamento de Estadística, 
AB The increasing frequency and severity of extreme temperatures are potential threats to financial stability. Indeed, physical risk related to these extreme phenomena can affect the whole financial system and, in particular, the equity market. In this study,we analyze the impact of extreme temperature exposure on firms' performance in Europe over the XXI century. We show that extreme temperatures can affect firms' profitability depending on their industry and the quarter of the year. Our results are of interest for both investors operating in the equity market and for regulators in charge of securing financial stability.
SN 2387-0303
YR 2023
FD 2023-07-24
LK https://hdl.handle.net/10016/37973
UL https://hdl.handle.net/10016/37973
LA eng
DS e-Archivo
RD 2 jun. 2024