Have a personal or library account? Click to login

References

  1. Alsaifi K., Elnahass M., & Salama A., (2020) Market responses to firms’ voluntary carbon disclosure: Empirical evidence from the United Kingdom, Journal of Cleaner Production, 262, 2020, 121377, ISSN 0959-6526
  2. Altman, E. I., (1968) Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy, The Journal of Finance, 23(4), pp. 589–609
  3. Altman, E. I. (1983) Corporate Financial Distress A Complete Guide to Predicting, Avoiding, and Dealing with Bankruptcy, Wiley Interscience, John Wiley and Sons
  4. Altman, E. I., Iwanicz-Drozdowska, M., Laitinen, E. K., & Suvas, A. (2017). Financial distress prediction in an international context: A review and empirical analysis of Altman’s z-score model, Journal of International Financial Management & Accounting, 28(2), 131–171.
  5. Barreau T., Fahmaoui, M., & Tankov P., Estimating Corporate Greenhouse Gas Emissions (2024). Retrieved from https://ssrn.com/abstract=4922542
  6. Battiston S., Daferamos Y., & Monasterolo I. (2020). Climate risks and financial stability, Journal of Financial Stability 54, 1-27
  7. Benkraiem R., Shuwaikh F., Lakhal F., & Guizani A. (2022), Carbon performance and firm value of the World’s most sustainable companies, Economic Modelling, 116, 106002, ISSN 0264-9993, https://doi.org/10.1016/j.econmod.2022.106002
  8. Bonacorsi L., Cerasi C., Galfrascoli P., & Manera M, (2024) ESG Factors and Firms’ Credit Risk, Journal of Climate Finance, 6, 2024,100032, ISSN 2949-7280.
  9. Carradori O., Giuzio M., Kapadia S., Salakhova D., & Vozian K., (2023) Financing the low-carbon transition in Europe, (2023), ECB Working Paper No. 2023/2813.
  10. Choi S.Y., Ryu D., & You W., (2024) ESG activities and financial stability: The case of Korean financial firms, Borsa Istanbul Review, 24 (5), 945-951.
  11. Financial Stability Board (FSB), (June 2017), Recommendations of the Task Force on Climate-related Financial Disclosures
  12. Ibishova B., Misund B., & Tveterås R. (2024) Driving green: Financial benefits of carbon emission reduction in companies, International Review of Financial Analysis, 96(B), 2024, 103757
  13. Kabir M.N., Rahman S., Rahman M.A., & Anwar M., (2021) Carbon emissions and default risk: International evidence from firm-level data, Economic Modelling, 103, 105617, ISSN 0264-9993,
  14. Matsumura E.M., Prakash R., & Vera-Munos S., (2014), Firm-Value Effects of Carbon Emissions and Carbon Disclosures, The Accounting Review, 89(2), 695-724.
  15. Miah, M.D., Hasan, R., & Usman, M. (2021) Carbon Emissions and Firm Performance: Evidence from Financial and Non-Financial Firms from Selected Emerging Economies. Sustainability, 13, 13281.
  16. National Bank of Romania (NBR) (2022), Survey on the access to finance of non-financial corporations in Romania, Special issue on climate change risks, ISSN 2458-0554
  17. National Bank of Romania (NBR) (2024), Financial Stability Report, Year IX, No. 17, ISSN 1843‑3243
  18. Owolabi A., Mousavi M.M., Gozgor G., & Li J., (2024), The impact of carbon risk on the cost of debt in the listed firms in G7 economies: The role of the Paris agreement, Energy Economics, 139,107925,ISSN 0140-9883
  19. Ren Y.S., Derouiche I., Hassan M., & Liu P.Z., (2024) Do creditors price climate transition risks? A natural experiment based on China’s carbon emission trading scheme, International Review of Economics & Finance, 91, 138-155, ISSN 1059-0560.
  20. Schroeder C., & Stracca L., (2023) Pollution Havens? Carbon Taxes, Globalization, and the Geography of Emissions ECB Working Paper No. 2023/2862, Available at SSRN: https://ssrn.com/abstract=4623033
  21. Toma P., & Stefanelli V., (2022) What are the banks doing in managing climate risk? Empirical evidence from a position map, Ecological Economics, 200, ISSN 0921-8009
Language: English
Page range: 1631 - 1641
Published on: Jul 24, 2025
Published by: Bucharest University of Economic Studies
In partnership with: Paradigm Publishing Services
Publication frequency: 1 issue per year

© 2025 Mihaela Neagu-Iorga, published by Bucharest University of Economic Studies
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.