SSZ

This replication package contains all code necessary to replicate the tables and figures in "Climate Regulatory Risks and Corporate Bonds" published in the Journal of Financial Economics. The analysis examines how climate regulatory risks affect corporate bond markets through: - Credit ratings analysis - Bond spreads and pricing - Institutional ownership patterns - Structural estimation of default probabilities CITATION: Seltzer, Lee, Laura Starks, and Qifei Zhu. "Climate Regulatory Risks and Corporate Bonds." Journal of Financial Economics Forthcoming. DATA AVAILABILITY: This package includes pseudodata for all proprietary datasets. Researchers with access to the underlying proprietary data sources can substitute real data to replicate published results. See Section 2 of readme file for complete details.