Climate change hits indebted businesses hardest, new research suggests
- Written by Huan Kuang, Assistant Professor of Finance, Bryant University
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...
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