Plausibly Exogenous [1484] - Wildfires (02/24/2024)

LHS Variable
Analysts’ performance

RHS Variable
Climate change events

Source of Exogenous Variation
Random variation in exposure to wildfire smoke based on wind currents on the day of an earnings announcement

- Israelsen and Kong (2024), “Hazy Outlook: Wildfire Smoke Exposure and Analysts”