Stranded research? Leading finance journals are silent on climate change

Finance research has shaped the modern financial system, influencing investors and market participants directly through research findings and indirectly through teaching and training programmes. Climate change presents major risks to the global financial system as well as new opportunities for investors. Is climate finance an important topic in finance research? We systematically analyse the content of 20,725 articles published in the leading 21 finance journals between January 1998 and June 2015. We find that only 12 articles (0.06%) are related in some way to climate finance. The three elite finance journals (Journal of Finance, Journal of Financial Economics and Review of Financial Studies) did not publish a single article related to climate finance over the 17.5-year period. We repeat our analysis across a sample of 29 elite business journals spanning accounting, economics, management, marketing and operations research, as well as finance. We find a similar dearth of published climate finance research. We consider four possible explanations for this failure of top finance and business journals to engage with climate finance as a research topic. These include methodological constraints and editorial policies. We conclude by arguing why it is critical for climate-related research to be given greater attention and prominence in finance journals

Correcting misinformation about climate change: the impact of partisanship in an experimental setting

Misperceptions of the scientific consensus on climate change are an important problem in environmental policy. These misperceptions stem from a combination of ideological polarization and statements from prominent politicians who endorse information contradicting or misrepresenting the scientific consensus on climate change. Our study tests a source credibility theory of correction using different partisan sources of information in a survey experiment. We find that corrections from Republicans speaking against their partisan interest are most likely to persuade respondents to acknowledge and agree with the scientific consensus on anthropogenic climate change. The extent of these effects vary by the partisanship of the recipient. Our results suggest that the partisan gap on climate change can be reduced by highlighting the views of elite Republicans who acknowledge the scientific consensus on anthropogenic climate change