ریسک آب و بازده سهام شرکت‌های معدنی

Alessi, L., Ossola, E. & Panzica, R. (2021). What Greenium Matters in The Stock Market? The Role of Greenhouse Gas Emissions and Environmental Disclosures. Journal of Financial Stability, 54, 100869.

Annual Report of Corporate Water Disclosure. (2017). Thirsty Business: Why Water is Vital to Climate Action. Available at: https://cdn.cdp.net/cdp-production/cms/reports/documents/ 000/001/323/original/CDP-Global-Water-Summary-2016.pdf?1484741646

Arellano, M. & Bond, S. (1991). Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations. The Review of Economic Studies, 58(2), 277-297.

Bansal, P. & Clelland, I. (2004). Talking Trash: Legitimacy, Impression Management, and Unsystematic Risk in the Context of the Natural Environment. Academy of Management Journal, 47(1), 93-103.

Bates, B.C., Kundzewicz, Z.W., Wu, S., Palutikof, J.P. (2008). Climate Change and Water, Technical Paper (VI) of the Intergovernmental Panel on Climate Change. Geneva: IPCC Secretariat.

Battiston, S. (2019). The Importance of Being Forward-looking: Managing Financial Stability in the Face of Climate Risk. Financial Stability Review, (23), 39-48.

Battiston, S., Dafermos, Y. & Monasterolo, I. (2021). Climate Risks and Financial Stability. Journal of Financial Stability, 54, 100867.

Bernick, L. (2017). Why Companies and Investors Need to Value Water Differently. Trucost Blog. March, 17.

Bleanda-Mogosanu, I. (2018). Financial waterBeta: A Portfolio Approach to Value Corporate Water Risk Exposure (Doctoral Thesis).

Bonnafous, L., Lall, U. & Siegel, J. (2017a). An Index for Drought Induced Financial Risk in the Mining Industry. Water Resources Research, 53(2), 1509-1524.

Bonnafous, L., Lall, U. & Siegel, J. (2017b). A Water Risk Index for Portfolio Exposure to Climatic Extremes: Conceptualization and an Application to the Mining Industry. Hydrology and Earth System Sciences, 21(4), 2075-2106.

Chen, H., Joslin, S. & Tran, N. K. (2012). Rare disasters and risk sharing with heterogeneous beliefs. The Review of Financial Studies, 25(7), 2189-2224.

Choi, S. & Ng, A. (2011). Environmental and economic dimensions of sustainability and price effects on consumer responses. Journal of business ethics, 104(2), 269-282.

Cohen, M. A., Fenn, S. & Naimon, J. S. (1995). Environmental and financial performance: are they related? Washington, DC: Investor Responsibility Research Center, Environmental Information Service.

Derwall, J., Bauer, R., Guenster, N. & Koedijk, K. C. (2004). Socially Responsible Investing: The Eco-Efficiency Premium Puzzle. Available at SSRN 551590.

Dowell, G., Hart, S. & Yeung, B. (2000). Do corporate global environmental standards create or destroy market value?. Management science, 46(8), 1059-1074.

Flannery, M. J. & Rangan, K. P. (2006). Partial adjustment toward target capital structures. Journal of financial economics, 79(3), 469-506.

Freyman, M., Collins, S. & Barton, B. (2015, Updated December 2017). An investor handbook for water risk integration. Boston: Ceres.

Friedman, M. (2007). The social responsibility of business is to increase its profits. In Corporate ethics and corporate governance (pp. 173-178). Springer, Berlin, Heidelberg.

Gray, W. B. & Shadbegian, R. (1993). Environmental regulation and manufacturing productivity at the plant level. NBER Working Paper Seies.

Huynh, T. D., Nguyen, T. H. & Truong, C. (2020). Climate risk: The price of drought. Journal of Corporate Finance, 65, 101750.

Jaffe, A. B., Peterson, S. R., Portney, P. R. & Stavins, R. N. (1995). Environmental regulation and the competitiveness of US manufacturing: what does the evidence tell us?. Journal of Economic literature, 33(1), 132-163.

Jouvenot, V. (2021). Does Water Management Affect Firm Value? Available at: SSRN 4056529.

Karnani, A. G. (2013). Corporate Social Responsibility Does Not Avert the Tragedy of the Commons--Case Study: Coca-Cola India. Ross School of Business Paper, (1210).

Khalamayzer, A. (2016). Are companies prepared for $14 billion in water risk? GreenBiz. November, 15.

Klassen, R. D. & McLaughlin, C. P. (1996). The impact of environmental management on firm performance. Management science, 42(8), 1199-1214.

Kupiec, P. (2002). Stress testing in a value at risk framework. Risk Management: Value at Risk and Beyond, ed. by M. Dempster, 76-99.

Levinson, M. (2008). Watching Water, A guide to evaluating corporate risks in a thirsty world. JP Morgan. Global Equity Research.

Lioui, A. & Sharma, Z. (2012). Environmental corporate social responsibility and financial performance: Disentangling direct and indirect effects. Ecological Economics, 78, 100-111.

Mansouri Daneshvar, M. R., Bagherzadeh, A. & Khosravi, M. (2013). Assessment of drought hazard impact on wheat cultivation using standardized precipitation index in Iran. Arabian Journal of Geosciences, 6(11), 4463-4473.

McKee, T. B., Doesken, N. J. & Kleist, J. (1993, January). The relationship of drought frequency and duration to time scales. In Proceedings of the 8th Conference on Applied Climatology (Vol. 17, No. 22, pp. 179-183).

Miles, M. P. & Covin, J. G. (2000). Environmental marketing: A source of reputational, competitive, and financial advantage. Journal of business ethics, 23(3), 299-311.

Mining Association of Canada. (2004). Towards Sustainable Mining: Guiding Principles. Retrieved from www.mining.ca

Miranda, M., Sauer, A. & Shinde, D. (2010). Mine the gap: connecting water risks and disclosure in the mining sector. World Resources Institute, 2.

Morrison, J., Morikawa, M., Murphy, M. & Schulte, P. (2009). Water Scarcity & climate change. Growing risks for business and investors, Pacific Institute, Oakland, California.

Mudd, G. M. (2008). Sustainability reporting and water resources: a preliminary assessment of embodied water and sustainable mining. Mine Water and the Environment, 27(3), 136-144.

Oberndorfer, U., Schmidt, P., Wagner, M. & Ziegler, A. (2013). Does the stock market value the inclusion in a sustainability stock index? An event study analysis for German firms. Journal of Environmental Economics and Management, 66(3), 497-509.

Park, A., Gao, S., van Ast, L., Mulder, I. & Nordheim, A. (2015). Water Risk Valuation Tool—Integrating Natural Capital Limits into Financial Analysis of Mining Stocks. Bloomberg and Natural Capital Declaration, Sept.

Raj, A. (2016). The relation between corporate water risk, water accounting and financial performance of metal mining firms (Master's thesis, University of Waterloo).

Ridley, M. & Boland, D. (2015). Integrating water stress into corporate bond credit analysis. German Federal Ministry for Economic Cooperation and Development (BMZ). https://vfu. de/ressourcen/publikationen/integrating-water-stress-report-summary_final. pdf.

Ross, S. A. (1977). The capital asset pricing model (CAPM), short-sale restrictions and related issues. The Journal of Finance, 32(1), 177-183.

The 2030 Water Resources Group. (2009). Charting our water future: Economic framework to inform decision-making. Available at: https://www.mckinsey.com/~/media/mckinsey/ dotcom/client_service/sustainability/pdfs/charting%20our%20water%20future/charting_our_water_future_full_report_.ashx

Wagner, M. (2001). A review of empirical studies concerning the relationship between environmental and economic performance: What does the evidence tell us? Centre for Sustainability Management.

Walley, N. & Whitehead, B. (1994). It’s not easy being green. Reader in Business and the Environment, 36(81), 4.

Yamashita, M., Sen, S. & Roberts, M. C. (1999). The rewards for environmental conscientiousness in the US capital markets. Journal of Financial and Strategic Decisions, 12(1), 73-82.