Müller, IsabellaNguyen, HuyenNguyen, TrangLeibniz-Institut für Wirtschaftsforschung Halle2025-05-302022kxp: 1818137348https://epflicht.bibliothek.uni-halle.de/handle/123456789/117481818137348urn:nbn:de:gbv:3:2-9188633252825We examine whether banks manage firms’ climate transition risks via corporate loan securitization. Results show that banks are more likely to securitize loans granted to firms that become more carbon-intensive. The effect is more pronounced if banks have a lower willingness to adjust loan terms. Exploiting the election of Donald Trump as an exogenous shock that lowers transition risk, we show that banks respond by a lower securitization of loans given to firms that become more carbon-intensive. This is mainly driven by banks that have no or low preferences for sustainable lending and domestic lenders.1 Online-Ressource (III, 59 Seiten, 0,73 MB) : Diagrammeenghttp://rightsstatements.org/vocab/InC/1.0/330Book