We are proud to report that Philip Fliegel has successfully defended his PhD thesis.
His dissertation, titled "Empirical Evidence on Environmental Transition Risks: Measurement, Pricing, Ownership, and Political Economy," consists of six papers:
How (Not) to Measure Companies’ Climate Transition Risk: A Framework and Categorized Literature Review: https://lnkd.in/dSvtUsAU
How You Measure Transition Risk Matters: Comparing and Evaluating Climate Transition Risk Metrics: https://lnkd.in/djGWhRhw
“Brown” Risk or “Green” Opportunity? The Dynamic Pricing of Climate Transition Risk on Global Financial Markets: https://lnkd.in/dgM84T3g
Not Just Knocking on Wood: Firm-Level Impacts of Deforestation Regulation: https://lnkd.in/dWKUwsth
Carbon Pricing and Household Finance: How Banks Price Transition Risk in Auto Loans https://lnkd.in/dHeFGKTm
The Political Economy of Asset Ownership: Evidence from the Global Power Sector: (Working paper available soon)
Key takeaways of his thesis are: How we define and measure environmental transition risk matters. Different risk metrics can lead to substantially different results. When transition risk is measured accurately, we can more clearly identify how it is priced in financial markets.
A big thank you to Emanuele Campiglio from the University of Bologna, Suphi Sen from Wagningen University, Katrin Martens and Hermann Lotze-Campen from Humboldt-Universität zu Berlin for being part of the examination committee and attending the defense in person.
Congratulations, Philip, from the whole team.