Plausibly Exogenous [1901] - Of Carbons and Dividends (04/17/2025)

LHS Variable
Dividend policy

RHS Variable
Carbon risk

Source of Exogenous Variation
Australia’s ratification of the Kyoto Protocol in December 2007

- Balachandran and Nguyen (2018), “Does carbon risk matter in firm dividend policy? Evidence from a quasi-natural experiment in an imputation environment”