Short-selling constraints and firm-level climate change exposure: Evidence from utility firms
研究了美国公用事业公司在卖空限制被暂停期间，卖空行为如何影响企业层面的气候变化风险暴露，发现卖空增加会加剧这种暴露。
This study investigates the impact of short selling on firm-level climate change exposure in US utility firms during a period when short selling constraints were exogenously suspended. We find evidence that increasing short selling is associated with greater firm-level climate change exposure.