This study investigates the impact of short selling on firm-level climate change exposure in US utility firms during a period when short selling constraints were exogenously suspended. We find evidence that increasing short selling is associated with greater firm-level climate change exposure.

中文翻译：

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卖空限制和公司层面的气候变化风险：来自公用事业公司的证据

本研究调查了在外生暂停卖空限制期间卖空对美国公用事业公司公司层面气候变化风险的影响。我们发现有证据表明，卖空的增加与公司层面气候变化风险的增加有关。